Alphabet (GOOGL) to Release Quarterly Earnings on Thursday

Alphabet (NASDAQ:GOOGL) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period last year, the company earned $1.05 earnings per share. On average, analysts expect Alphabet to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Alphabet Stock Up 1.3 %

Alphabet stock opened at $158.26 on Wednesday. The firm has a market cap of $1.97 trillion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. Alphabet has a 52 week low of $102.63 and a 52 week high of $160.22. The business’s 50-day moving average price is $146.69 and its 200 day moving average price is $140.93. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Several analysts recently commented on GOOGL shares. Wells Fargo & Company dropped their target price on Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Wolfe Research raised their target price on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of Alphabet in a research report on Wednesday, April 10th. Finally, Roth Mkm lowered their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.71.

Insider Activity

In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the transaction, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 251,339 shares of company stock valued at $36,377,482. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

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.