Alphabet (NASDAQ:GOOGL – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the previous year, the business posted $1.05 EPS. On average, analysts expect Alphabet to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Alphabet Trading Up 1.4 %
Shares of GOOGL opened at $156.28 on Tuesday. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet has a fifty-two week low of $102.63 and a fifty-two week high of $160.22. The firm has a 50 day moving average price of $146.43 and a 200-day moving average price of $140.78.
Insider Activity at Alphabet
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on GOOGL shares. Jefferies Financial Group boosted their price objective on shares of Alphabet from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Barclays reduced their price objective on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Alphabet in a research report on Wednesday, April 10th. Finally, Redburn Atlantic boosted their price objective on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.71.
Read Our Latest Stock Report on Alphabet
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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