Alphabet (NASDAQ:GOOG – Get Free Report) posted its earnings results on Tuesday. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04, Briefing.com reports. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis.
Alphabet Trading Down 0.3 %
GOOG traded down $0.48 during trading on Friday, reaching $168.68. 25,131,436 shares of the stock traded hands, compared to its average volume of 20,659,832. The company has a quick ratio of 2.15, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average is $180.74 and its 200 day moving average is $161.58. Alphabet has a 12 month low of $121.46 and a 12 month high of $193.31. The stock has a market capitalization of $2.08 trillion, a PE ratio of 25.74, a P/E/G ratio of 1.28 and a beta of 1.05.
Alphabet Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be given 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 of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on GOOG
Insider Transactions at Alphabet
In related news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $183.99, for a total transaction of $600,175.38. Following the sale, the senior vice president now owns 9 shares in the company, valued at approximately $1,655.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the sale, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,888 shares of company stock valued at $25,699,259. Corporate insiders own 12.99% 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.
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