DA Davidson Issues Pessimistic Outlook for Alphabet Earnings

Alphabet Inc. (NASDAQ:GOOG - Free Report) - Analysts at DA Davidson lowered their Q1 2025 EPS estimates for Alphabet in a note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the information services provider will post earnings per share of $1.96 for the quarter, down from their prior estimate of $2.00. The consensus estimate for Alphabet's current full-year earnings is $8.89 per share. DA Davidson also issued estimates for Alphabet's FY2025 earnings at $8.43 EPS and FY2026 earnings at $9.49 EPS.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%.

Several other brokerages have also recently issued reports on GOOG. KeyCorp reduced their price objective on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Wedbush restated an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $210.88.

Alphabet Stock Performance

Shares of GOOG traded down $2.14 during mid-day trading on Wednesday, hitting $153.36. The stock had a trading volume of 19,461,666 shares, compared to its average volume of 19,427,163. Alphabet has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.87 trillion, a PE ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. The company's fifty day simple moving average is $167.16 and its two-hundred day simple moving average is $177.55.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principia Wealth Advisory LLC lifted its position in shares of Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after acquiring an additional 85 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at $27,000. LSV Asset Management acquired a new position in shares of Alphabet in the 4th quarter valued at $27,000. WealthTrak Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the 4th quarter worth about $39,000. 27.26% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 148,163 shares of company stock valued at $25,361,647. Company insiders own 12.99% of the company's stock.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. Alphabet's dividend payout ratio (DPR) is 9.94%.

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.