$1.40 Earnings Per Share Expected for Alibaba Group Holding Ltd (NYSE:BABA) This Quarter

Equities research analysts expect Alibaba Group Holding Ltd (NYSE:BABA) to post earnings of $1.40 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Alibaba Group’s earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.17. Alibaba Group reported earnings of $1.28 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The business is expected to announce its next earnings results on Wednesday, May 20th.

According to Zacks, analysts expect that Alibaba Group will report full-year earnings of $7.32 per share for the current financial year, with EPS estimates ranging from $7.09 to $7.54. For the next financial year, analysts forecast that the firm will report earnings of $8.93 per share, with EPS estimates ranging from $8.27 to $9.74. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Alibaba Group.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 13th. The specialty retailer reported $18.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $16.33. The business had revenue of $161.46 billion during the quarter, compared to analysts’ expectations of $156 billion. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the company earned $12.19 earnings per share.

Several research analysts have issued reports on the stock. TH Capital lifted their target price on shares of Alibaba Group from to in a report on Tuesday, January 7th. SunTrust Banks dropped coverage on shares of Alibaba Group in a report on Friday, November 1st. KeyCorp lifted their target price on shares of Alibaba Group from $243.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. ValuEngine raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Benchmark reaffirmed a “buy” rating and issued a $275.00 target price (up from $220.00) on shares of Alibaba Group in a report on Friday. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $238.71.

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacifica Partners Inc. bought a new position in shares of Alibaba Group during the fourth quarter worth $26,000. Sugarloaf Wealth Management LLC bought a new position in shares of Alibaba Group during the fourth quarter worth $30,000. Capital Advisors Ltd. LLC boosted its position in shares of Alibaba Group by 110.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 158 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 83 shares during the last quarter. Squar Milner Financial Services LLC boosted its position in shares of Alibaba Group by 111.7% during the fourth quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 86 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management bought a new position in shares of Alibaba Group during the third quarter worth $33,000. Institutional investors and hedge funds own 47.22% of the company’s stock.

Shares of Alibaba Group stock opened at $219.63 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $558.83 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.45 and a beta of 2.21. Alibaba Group has a 52-week low of $147.95 and a 52-week high of $231.14. The company has a 50-day simple moving average of $217.95 and a two-hundred day simple moving average of $189.42.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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