FY2025 EPS Estimates for Alphabet Boosted by Seaport Res Ptn

Key Points

• Seaport Res Ptn has raised its FY2025 earnings per share (EPS) estimate for Alphabet to $9.98, up from a previous forecast of $9.67, contrasting with the consensus estimate of $8.89 for the current full year.
• In its latest quarterly report, Alphabet posted an EPS of $2.31, surpassing expectations of $2.12, and achieved a net margin of 31.12% with revenues of $96.43 billion, a 13.8% increase year-over-year.
• Alphabet plans to issue a quarterly dividend of $0.21 per share on September 15th, representing an annual yield of 0.43% and indicating a payout ratio of 8.95%.

Alphabet Inc. (NASDAQ:GOOG - Free Report) - Research analysts at Seaport Res Ptn upped their FY2025 EPS estimates for shares of Alphabet in a report released on Wednesday, July 23rd. Seaport Res Ptn analyst A. Kessler now expects that the information services provider will post earnings per share of $9.98 for the year, up from their prior forecast of $9.67. The consensus estimate for Alphabet's current full-year earnings is $8.89 per share.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion for the quarter, compared to analysts' expectations of $93.67 billion. During the same period in the previous year, the company posted $1.89 EPS. Alphabet's revenue was up 13.8% compared to the same quarter last year.

Several other brokerages have also weighed in on GOOG. Citigroup reiterated a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $200.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday. Lake Street Capital reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Scotiabank increased their price objective on shares of Alphabet from $200.00 to $240.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Finally, Westpark Capital reiterated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $215.19.

Alphabet Price Performance

Alphabet stock opened at $194.08 on Monday. Alphabet has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm's 50-day simple moving average is $176.86 and its 200 day simple moving average is $174.38. The firm has a market capitalization of $2.36 trillion, a PE ratio of 20.67, a P/E/G ratio of 1.31 and a beta of 1.01.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.43%. Alphabet's payout ratio is presently 8.95%.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $181.98, for a total transaction of $72,792.00. Following the transaction, the director owned 6,013 shares of the company's stock, valued at $1,094,245.74. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the transaction, the chief executive officer directly owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 249,409 shares of company stock worth $43,523,710. Company insiders own 12.99% of the company's stock.

Institutional Investors Weigh In On Alphabet

Several large investors have recently made changes to their positions in the company. Principia Wealth Advisory LLC grew its holdings in Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new position in Alphabet during the first quarter valued at approximately $26,000. LSV Asset Management acquired a new position in shares of Alphabet during the fourth quarter worth approximately $27,000. IFS Advisors LLC lifted its holdings in shares of Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock worth $27,000 after buying an additional 120 shares during the last quarter. Finally, Robbins Farley lifted its holdings in shares of Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock worth $28,000 after buying an additional 60 shares during the last quarter. Institutional investors own 27.26% 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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