Alphabet (NASDAQ:GOOG - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Alphabet to post earnings of $1.83 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. During the same period last year, the firm earned $1.44 EPS. The business's quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts expect Alphabet to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
GOOG stock opened at $165.80 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet has a 12 month low of $121.46 and a 12 month high of $193.31. The firm has a market cap of $2.05 trillion, a P/E ratio of 25.43, a P/E/G ratio of 1.21 and a beta of 1.04. The company's 50-day moving average price is $163.21 and its two-hundred day moving average price is $169.86.
In related news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at $4,927,257.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at $4,927,257.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares in the company, valued at $354,310,204.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock worth $35,993,340 in the last quarter. Company insiders own 12.99% of the company's stock.
GOOG has been the topic of several recent research reports. Scotiabank initiated coverage on shares of Alphabet in a research report on Friday, October 11th. They set a "sector outperform" rating and a $212.00 target price on the stock. TD Cowen lifted their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. Cantor Fitzgerald upgraded shares of Alphabet to a "hold" rating in a research report on Thursday, September 5th. Pivotal Research initiated coverage on shares of Alphabet in a research report on Tuesday, October 1st. They set a "buy" rating and a $215.00 target price on the stock. Finally, DA Davidson upgraded shares of Alphabet to a "hold" rating in a research report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $186.90.
Get Our Latest Stock Report on GOOG
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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