Alphabet Inc (NASDAQ:GOOGL) – Research analysts at Jefferies Group raised their FY2017 EPS estimates for shares of Alphabet in a research report issued on Sunday, Zacks Investment Research reports. Jefferies Group analyst B. Thill now expects that the information services provider will post earnings per share of $32.35 for the year, up from their prior forecast of $32.28. Jefferies Group has a “Buy” rating and a $1,200.00 price target on the stock. Jefferies Group also issued estimates for Alphabet’s Q4 2017 earnings at $10.04 EPS, Q1 2018 earnings at $9.51 EPS, Q2 2018 earnings at $10.22 EPS, Q3 2018 earnings at $10.92 EPS, Q4 2018 earnings at $11.95 EPS, FY2018 earnings at $42.60 EPS and FY2019 earnings at $50.52 EPS.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the prior year, the company posted $9.06 EPS.
Shares of Alphabet (NASDAQ:GOOGL) opened at $1,144.36 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The stock has a market capitalization of $782,650.00, a P/E ratio of 38.12, a P/E/G ratio of 1.48 and a beta of 0.90. Alphabet has a 52-week low of $812.05 and a 52-week high of $1,131.30.
A number of hedge funds have recently made changes to their positions in GOOGL. Novare Capital Management LLC boosted its position in shares of Alphabet by 0.9% in the 2nd quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock valued at $7,986,000 after purchasing an additional 80 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at $211,000. Gardiner Nancy B boosted its position in shares of Alphabet by 5.4% in the 3rd quarter. Gardiner Nancy B now owns 1,450 shares of the information services provider’s stock valued at $1,412,000 after purchasing an additional 74 shares during the period. Country Trust Bank acquired a new position in shares of Alphabet in the 2nd quarter valued at $44,071,000. Finally, Anchor Capital Advisors LLC boosted its position in shares of Alphabet by 3.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after purchasing an additional 11 shares during the period. 33.57% of the stock is owned by institutional investors and hedge funds.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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