FY2025 EPS Estimates for Alphabet Increased by Roth Capital

Alphabet Inc. (NASDAQ:GOOGL) – Equities researchers at Roth Capital increased their FY2025 earnings estimates for shares of Alphabet in a research note issued on Wednesday, October 30th. Roth Capital analyst R. Kulkarni now anticipates that the information services provider will earn $10.07 per share for the year, up from their prior forecast of $9.39. The consensus estimate for Alphabet’s current full-year earnings is $7.85 per share.

GOOGL has been the topic of a number of other research reports. Morgan Stanley raised their target price on shares of Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday. Roth Mkm boosted their price objective on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research report on Wednesday. Scotiabank raised Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Guggenheim raised their price objective on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $205.51.

Alphabet Stock Performance

Shares of Alphabet stock opened at $171.29 on Thursday. The company has a current ratio of 1.95, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average price is $162.43 and its 200-day moving average price is $168.91. The firm has a market cap of $2.11 trillion, a P/E ratio of 22.72, a P/E/G ratio of 1.29 and a beta of 1.04. Alphabet has a 12 month low of $126.93 and a 12 month high of $191.75.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the firm earned $1.55 earnings per share.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now owns 330,466 shares in the company, valued at $59,741,643.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were 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 in the company, valued at $59,741,643.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 230,244 shares of company stock worth $37,776,954 in the last ninety days. Company insiders own 11.55% of the company’s stock.

Institutional Investors Weigh In On Alphabet

A number of large investors have recently modified their holdings of the business. Costello Asset Management INC boosted its stake in Alphabet by 0.9% during the third quarter. Costello Asset Management INC now owns 30,638 shares of the information services provider’s stock worth $5,081,000 after buying an additional 267 shares during the last quarter. Rocky Mountain Advisers LLC boosted its position in shares of Alphabet by 33.2% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 3,210 shares of the information services provider’s stock valued at $532,000 after acquiring an additional 800 shares during the last quarter. 17 Capital Partners LLC grew its holdings in shares of Alphabet by 4.2% in the third quarter. 17 Capital Partners LLC now owns 19,985 shares of the information services provider’s stock valued at $3,315,000 after purchasing an additional 800 shares during the period. Mach 1 Financial Group LLC increased its position in Alphabet by 12.7% during the third quarter. Mach 1 Financial Group LLC now owns 5,242 shares of the information services provider’s stock worth $869,000 after purchasing an additional 591 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in Alphabet by 1.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 414,394 shares of the information services provider’s stock worth $68,728,000 after purchasing an additional 4,035 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.