FY2025 Earnings Estimate for Alphabet Issued By Roth Capital

Alphabet Inc. (NASDAQ:GOOGL) – Equities researchers at Roth Capital boosted their FY2025 earnings estimates for Alphabet in a research report issued to clients and investors on Wednesday, October 30th. Roth Capital analyst R. Kulkarni now forecasts that the information services provider will post earnings of $10.07 per share for the year, up from their previous estimate of $9.39. The consensus estimate for Alphabet’s current full-year earnings is $7.65 per share.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period in the previous year, the firm earned $1.55 EPS.

A number of other equities analysts have also recently issued reports on GOOGL. Evercore ISI lifted their target price on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group lifted their price target on Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group reduced their price objective on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wedbush reissued an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a research report on Thursday, October 24th. Finally, Guggenheim upped their price target on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.51.

Alphabet Price Performance

NASDAQ GOOGL opened at $174.46 on Thursday. Alphabet has a 1 year low of $122.68 and a 1 year high of $191.75. The business’s fifty day moving average is $162.17 and its two-hundred day moving average is $168.78. The stock has a market capitalization of $2.16 trillion, a P/E ratio of 26.76, a P/E/G ratio of 1.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GOOGL. Burns J W & Co. Inc. NY raised its holdings in shares of Alphabet by 7.4% in the 1st quarter. Burns J W & Co. Inc. NY now owns 24,861 shares of the information services provider’s stock worth $3,752,000 after buying an additional 1,720 shares in the last quarter. Grimes & Company Inc. grew its position in Alphabet by 1.6% in the first quarter. Grimes & Company Inc. now owns 176,121 shares of the information services provider’s stock valued at $26,582,000 after acquiring an additional 2,727 shares during the period. Saratoga Research & Investment Management raised its stake in Alphabet by 19.1% during the first quarter. Saratoga Research & Investment Management now owns 1,001,128 shares of the information services provider’s stock worth $151,100,000 after acquiring an additional 160,884 shares in the last quarter. First Bank & Trust lifted its holdings in shares of Alphabet by 2.5% during the first quarter. First Bank & Trust now owns 9,694 shares of the information services provider’s stock valued at $1,463,000 after acquiring an additional 239 shares during the period. Finally, Baker Ellis Asset Management LLC boosted its stake in shares of Alphabet by 5.7% in the 1st quarter. Baker Ellis Asset Management LLC now owns 21,355 shares of the information services provider’s stock valued at $3,223,000 after purchasing an additional 1,150 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $167.23, for a total value of $473,929.82. Following the completion of the sale, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,406,343.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock valued at $35,993,340 in the last 90 days. 11.55% of the stock is currently owned by insiders.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet’s payout ratio is 12.27%.

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.