Alibaba Group (BABA) to Post FY2018 Earnings of $3.91 Per Share, SunTrust Banks Forecasts

Alibaba Group (NYSE:BABA) – Investment analysts at SunTrust Banks reduced their FY2018 earnings per share (EPS) estimates for shares of Alibaba Group in a report released on Wednesday, April 11th. SunTrust Banks analyst Y. Squali now forecasts that the specialty retailer will earn $3.91 per share for the year, down from their previous forecast of $4.03. SunTrust Banks has a “Buy” rating and a $240.00 price objective on the stock. SunTrust Banks also issued estimates for Alibaba Group’s Q4 2018 earnings at $0.55 EPS, FY2019 earnings at $5.29 EPS, FY2020 earnings at $8.02 EPS, FY2021 earnings at $11.13 EPS and FY2022 earnings at $14.88 EPS.

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BABA has been the topic of several other reports. Morgan Stanley set a $250.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Monday, January 29th. Deutsche Bank set a $204.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a report on Thursday, April 5th. KeyCorp boosted their price target on shares of Alibaba Group from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Stifel Nicolaus boosted their price target on shares of Alibaba Group from $230.00 to $260.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Raymond James Financial boosted their price target on shares of Alibaba Group to $240.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $213.26.

Alibaba Group stock opened at $178.70 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97. Alibaba Group has a 12 month low of $110.57 and a 12 month high of $206.20. The firm has a market cap of $440,620.94, a PE ratio of 71.20, a P/E/G ratio of 1.02 and a beta of 2.51.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The company had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. E&G Advisors LP raised its position in shares of Alibaba Group by 53.8% during the fourth quarter. E&G Advisors LP now owns 2,000 shares of the specialty retailer’s stock valued at $345,000 after buying an additional 700 shares during the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Alibaba Group during the third quarter valued at about $285,000. Crewe Advisors LLC acquired a new position in shares of Alibaba Group during the fourth quarter valued at about $150,000. Northeast Investment Management acquired a new position in shares of Alibaba Group during the fourth quarter valued at about $1,992,000. Finally, Grandeur Peak Global Advisors LLC acquired a new position in shares of Alibaba Group during the fourth quarter valued at about $4,681,000. 37.72% of the stock is owned by hedge funds and other institutional investors.

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About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Earnings History and Estimates for Alibaba Group (NYSE:BABA)

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