Alphabet (GOOGL) Projected to Post Quarterly Earnings on Tuesday

Alphabet (NASDAQ:GOOGL - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Alphabet to post earnings of $2.12 per share and revenue of $96.69 billion for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter last year, the business earned $1.55 EPS. On average, analysts expect Alphabet to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Alphabet Trading Up 1.8 %

GOOGL stock traded up $3.49 during midday trading on Tuesday, hitting $195.30. The stock had a trading volume of 24,117,844 shares, compared to its average volume of 25,040,748. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $186.79 and a two-hundred day moving average price of $173.61. Alphabet has a 1-year low of $130.66 and a 1-year high of $202.29. The firm has a market cap of $2.39 trillion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the transaction, the director now owns 330,466 shares of the company's stock, valued at approximately $59,741,643.48. The trade was a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock valued at $24,368,654 in the last ninety days. Corporate insiders own 11.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GOOGL shares. Wedbush upped their price target on Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Stifel Nicolaus raised their target price on shares of Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Bank of America reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. Wolfe Research increased their price objective on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $209.82.

About Alphabet

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.