Equities analysts expect that Alibaba Group Holding Ltd (NYSE:BABA) will report earnings per share (EPS) of $1.25 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Alibaba Group’s earnings, with the lowest EPS estimate coming in at $1.09 and the highest estimate coming in at $1.33. Alibaba Group reported earnings per share of $1.29 during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Alibaba Group will report full year earnings of $5.69 per share for the current fiscal year, with EPS estimates ranging from $5.37 to $5.92. For the next year, analysts expect that the business will post earnings of $7.59 per share, with EPS estimates ranging from $6.16 to $8.22. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Alibaba Group.
Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 23rd. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Alibaba Group had a return on equity of 14.18% and a net margin of 20.57%. The business had revenue of $12.23 billion for the quarter, compared to the consensus estimate of $12.25 billion.
Several equities research analysts have commented on the stock. ValuEngine cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Zacks Investment Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alibaba Group in a report on Wednesday, July 11th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $305.00 price objective on shares of Alibaba Group in a report on Monday, July 9th. Finally, Argus assumed coverage on shares of Alibaba Group in a report on Monday, June 25th. They set a “buy” rating and a $275.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $228.60.
NYSE:BABA traded down $1.01 on Friday, hitting $164.87. 657,123 shares of the company’s stock were exchanged, compared to its average volume of 25,990,960. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.44 and a quick ratio of 1.44. Alibaba Group has a 52 week low of $152.85 and a 52 week high of $211.70. The stock has a market capitalization of $416.52 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 1.16 and a beta of 2.40.
Institutional investors and hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC purchased a new position in shares of Alibaba Group during the first quarter valued at $110,000. Duncker Streett & Co. Inc. increased its stake in shares of Alibaba Group by 195.1% during the second quarter. Duncker Streett & Co. Inc. now owns 605 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 400 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of Alibaba Group during the second quarter valued at $116,000. Quattro Financial Advisors LLC purchased a new position in shares of Alibaba Group during the first quarter valued at $125,000. Finally, Clarus Wealth Advisors purchased a new position in shares of Alibaba Group during the second quarter valued at $125,000. Institutional investors own 38.65% of the company’s stock.
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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