Alphabet Inc (NASDAQ:GOOGL) – Analysts at SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for Alphabet in a research report issued to clients and investors on Friday, Zacks Investment Research reports. SunTrust Banks analyst Y. Squali forecasts that the information services provider will post earnings of $9.70 per share for the quarter. SunTrust Banks also issued estimates for Alphabet’s Q2 2018 earnings at $9.89 EPS, Q3 2018 earnings at $10.95 EPS, Q4 2018 earnings at $12.10 EPS, FY2019 earnings at $51.93 EPS, FY2020 earnings at $62.17 EPS, FY2021 earnings at $73.80 EPS and FY2022 earnings at $85.19 EPS.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.42). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The firm had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $25.65 billion.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. William Blair reissued an “outperform” rating on shares of Alphabet in a report on Thursday, February 1st. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 price objective for the company in a research note on Monday, February 5th. Barclays raised their price objective on Alphabet from $1,260.00 to $1,330.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price objective for the company. in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. Alphabet presently has an average rating of “Buy” and an average target price of $1,157.02.
Alphabet (NASDAQ:GOOGL) traded down $0.42 during trading on Monday, reaching $1,054.14. The company’s stock had a trading volume of 1,579,200 shares, compared to its average volume of 2,142,862. Alphabet has a 52 week low of $824.30 and a 52 week high of $1,198.00. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03. The firm has a market cap of $731,840.00, a PE ratio of 59.46, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95.
Institutional investors and hedge funds have recently modified their holdings of the business. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Alphabet in the fourth quarter worth about $108,000. Parkside Financial Bank & Trust lifted its stake in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares in the last quarter. Odey Holdings AG lifted its stake in shares of Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares in the last quarter. Stuart Chaussee & Associates Inc. acquired a new position in shares of Alphabet in the fourth quarter worth about $123,000. Finally, Stelac Advisory Services LLC acquired a new position in shares of Alphabet in the third quarter worth about $126,000. Institutional investors own 33.60% of the company’s stock.
Alphabet declared that its board has approved a stock buyback program on Thursday, February 1st that allows the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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