Alphabet (NASDAQ:GOOGL) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Alphabet (NASDAQ:GOOGL - Get Free Report) announced its earnings results on Tuesday. The information services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.03, Zacks reports. Alphabet had a return on equity of 31.66% and a net margin of 27.74%.

Alphabet Stock Down 3.3 %

Shares of GOOGL traded down $6.26 during trading on Friday, reaching $185.34. The company's stock had a trading volume of 49,226,581 shares, compared to its average volume of 28,841,617. Alphabet has a twelve month low of $130.66 and a twelve month high of $207.05. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.27 trillion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 1.31 and a beta of 0.99. The company has a fifty day moving average of $191.28 and a two-hundred day moving average of $174.64.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.43%. Alphabet's dividend payout ratio is presently 10.61%.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction that occurred 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 approximately $4,007,191.15. This trade represents a 5.49 % 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 company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,529 shares of company stock worth $16,600,078. Insiders own 11.55% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several recent research reports. Truist Financial increased their price objective on Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Stifel Nicolaus raised their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Loop Capital boosted their price objective on shares of Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Cantor Fitzgerald decreased their target price on shares of Alphabet from $215.00 to $210.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 22nd. Finally, DA Davidson boosted their price target on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.62.

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.