Alphabet (GOOGL) to Release Earnings on Thursday

Alphabet (NASDAQ:GOOGL) is scheduled to be announcing 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.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate 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 firm 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 Price Performance

NASDAQ GOOGL traded up $0.54 on Thursday, reaching $156.01. The company had a trading volume of 6,741,241 shares, compared to its average volume of 29,929,264. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.94 trillion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. The firm’s 50 day moving average price is $145.95 and its 200 day moving average price is $140.29. Alphabet has a 12 month low of $102.63 and a 12 month high of $160.22.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GOOGL shares. JMP Securities reissued a “market outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research note on Wednesday, April 10th. Redburn Atlantic lifted their price objective on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Citigroup reissued a “buy” rating and issued a $168.00 price objective on shares of Alphabet in a research note on Wednesday, April 10th. Finally, Roth Mkm dropped their price objective on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.97.

Insider Buying and Selling at Alphabet

In other news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were 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 owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the sale, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock valued at $36,377,482 in the last three months. Company insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GOOGL. Live Oak Investment Partners bought a new position in shares of Alphabet during the 4th quarter worth approximately $26,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Alphabet during the 4th quarter worth approximately $34,000. Turim 21 Investimentos Ltda. bought a new position in shares of Alphabet during the 3rd quarter worth approximately $38,000. West Tower Group LLC raised its stake in shares of Alphabet by 162.0% during the 4th quarter. West Tower Group LLC now owns 372 shares of the information services provider’s stock worth $52,000 after acquiring an additional 230 shares in the last quarter. Finally, Grayhawk Investment Strategies Inc. purchased a new stake in Alphabet during the 1st quarter worth approximately $79,000. Institutional investors own 40.03% of the company’s stock.

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.