Alibaba Group (NYSE:BABA) Announces Quarterly Earnings Results, Beats Estimates By $8.61 EPS

Alibaba Group (NYSE:BABA) released its earnings results on Friday. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $8.61, MarketWatch Earnings reports. Alibaba Group had a return on equity of 15.82% and a net margin of 34.90%. The business had revenue of $114.31 billion during the quarter, compared to the consensus estimate of $108.31 billion. During the same period last year, the business posted $8.57 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Alibaba Group updated its FY 2021
Pre-Market guidance to EPS.

NYSE BABA opened at $199.70 on Friday. Alibaba Group has a 52-week low of $147.95 and a 52-week high of $231.14. The company has a fifty day moving average of $201.56 and a 200-day moving average of $203.72. The company has a market capitalization of $539.82 billion, a P/E ratio of 34.78, a P/E/G ratio of 1.40 and a beta of 1.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75.

Several brokerages recently weighed in on BABA. Royal Bank of Canada reissued a “buy” rating on shares of Alibaba Group in a report on Thursday. SunTrust Banks increased their target price on Alibaba Group from $212.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Robert W. Baird reaffirmed a “buy” rating and issued a $230.00 price target on shares of Alibaba Group in a report on Tuesday, April 14th. ValuEngine raised Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Finally, Oppenheimer increased their price objective on Alibaba Group from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and an average price target of $244.32.

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.

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Earnings History for Alibaba Group (NYSE:BABA)

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