Alphabet (GOOGL) Scheduled to Post Earnings on Tuesday

Alphabet (NASDAQ:GOOGL - Get Free Report) is set to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Alphabet to post earnings of $1.83 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to analysts' expectations of $70.60 billion. During the same quarter in the prior year, the company posted $1.44 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 0.7 %

Shares of GOOGL stock traded up $1.07 during mid-day trading on Tuesday, reaching $165.14. The stock had a trading volume of 16,549,260 shares, compared to its average volume of 26,938,906. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock's 50-day moving average price is $161.82 and its two-hundred day moving average price is $168.44. The firm has a market capitalization of $2.04 trillion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. Alphabet has a 52-week low of $120.21 and a 52-week high of $191.75.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet 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 in the company, valued at approximately $350,361,837.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the sale, the chief accounting officer now directly owns 29,183 shares of the company's stock, valued at $4,927,257.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,426 shares of company stock worth $35,993,340. Company insiders own 11.55% of the company's stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of research reports. Argus lifted their target price on shares of Alphabet from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, July 16th. TD Securities lifted their price objective on Alphabet from $200.00 to $220.00 in a research report on Wednesday, July 10th. JPMorgan Chase & Co. upped their target price on Alphabet from $200.00 to $208.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. DA Davidson began coverage on Alphabet in a research note on Tuesday, September 10th. They issued a "neutral" rating and a $170.00 target price for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $201.76.

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.