Alphabet Inc. (NASDAQ:GOOGL) to Post FY2025 Earnings of $9.39 Per Share, Roth Capital Forecasts

Alphabet Inc. (NASDAQ:GOOGL) – Investment analysts at Roth Capital boosted their FY2025 EPS estimates for shares of Alphabet in a research report issued to clients and investors on Tuesday, July 23rd. Roth Capital analyst R. Kulkarni now anticipates that the information services provider will post earnings of $9.39 per share for the year, up from their prior forecast of $9.22. The consensus estimate for Alphabet’s current full-year earnings is $7.62 per share.

GOOGL has been the subject of several other reports. Roth Mkm lifted their price objective on shares of Alphabet from $202.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler upped their price objective on shares of Alphabet from $200.00 to $206.00 and gave the stock an “overweight” rating in a research report on Wednesday. Guggenheim upped their target price on shares of Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday. Sanford C. Bernstein upped their price objective on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Finally, Citigroup increased their target price on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $203.74.

Alphabet Stock Down 5.0 %

NASDAQ:GOOGL opened at $172.63 on Thursday. The company has a market cap of $2.13 trillion, a PE ratio of 26.48, a P/E/G ratio of 1.36 and a beta of 1.05. Alphabet has a twelve month low of $120.21 and a twelve month high of $191.75. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $179.36 and its two-hundred day moving average is $160.10.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.96%. The firm had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter in the previous year, the firm earned $1.44 EPS.

Hedge Funds Weigh In On Alphabet

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet during the 4th quarter worth about $30,000. Tributary Capital Management LLC bought a new position in Alphabet in the first quarter valued at approximately $30,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet in the fourth quarter valued at approximately $38,000. CarsonAllaria Wealth Management Ltd. raised its holdings in Alphabet by 59.2% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after purchasing an additional 109 shares during the period. Finally, Richardson Capital Management LLC raised its holdings in Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after purchasing an additional 140 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the transaction, the chief executive officer now owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the sale, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,488 shares of company stock valued at $21,866,705. Company insiders own 11.55% of the company’s stock.

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.