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Alphabet (GOOGL) to Release Earnings on Tuesday

Alphabet logo with Computer and Technology background

Alphabet (NASDAQ:GOOGL - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, July 22nd. Analysts expect Alphabet to post earnings of $2.12 per share and revenue of $93.60 billion for the quarter.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the firm posted $1.89 EPS. On average, analysts expect Alphabet to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Alphabet Price Performance

NASDAQ:GOOGL traded up $0.97 during trading hours on Wednesday, reaching $182.97. The stock had a trading volume of 33,066,989 shares, compared to its average volume of 32,044,822. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a 50 day moving average price of $171.67 and a two-hundred day moving average price of $173.20. The stock has a market capitalization of $2.22 trillion, a PE ratio of 20.40, a PEG ratio of 1.28 and a beta of 1.00.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.46%. Alphabet's payout ratio is presently 9.36%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GOOGL. Mizuho cut their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Bank of America boosted their target price on Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Needham & Company LLC boosted their target price on Alphabet from $178.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday. Rosenblatt Securities reissued a "neutral" rating and set a $189.00 target price on shares of Alphabet in a research report on Wednesday, May 21st. Finally, Morgan Stanley dropped their price objective on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $201.24.

Get Our Latest Stock Analysis on Alphabet

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the transaction, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. This represents a 1.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $105,000.00. Following the transaction, the director directly owned 6,813 shares in the company, valued at $1,192,275. This represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,343 shares of company stock valued at $31,296,140 in the last ninety days. Corporate insiders own 11.64% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alphabet stock. Revolve Wealth Partners LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,930 shares of the information services provider's stock after purchasing an additional 506 shares during the period. Revolve Wealth Partners LLC's holdings in Alphabet were worth $2,826,000 at the end of the most recent quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile

(Get Free Report)

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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Earnings History for Alphabet (NASDAQ:GOOGL)

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