Alphabet (GOOGL) Scheduled to Post Quarterly Earnings on Thursday

Alphabet (NASDAQ:GOOGL - Get Free Report) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, analysts expect Alphabet to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Alphabet Stock Up 0.3 %

GOOGL traded up $0.54 on Thursday, hitting $156.01. 19,873,584 shares of the company were exchanged, compared to its average volume of 30,106,695. Alphabet has a 12 month low of $102.63 and a 12 month high of $160.22. The company has a market cap of $1.94 trillion, a PE ratio of 26.90, a PEG ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock's fifty day moving average is $146.16 and its 200-day moving average is $140.40.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,332,691 shares of the company's stock, valued at approximately $309,548,095.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company's stock, valued at approximately $2,326,922.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,332,691 shares of the company's stock, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock valued at $36,377,482 in the last three months. Insiders own 0.88% of the company's stock.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOGL. Spreng Capital Management Inc. boosted its stake in shares of Alphabet by 4.0% during the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider's stock valued at $364,000 after purchasing an additional 5 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of Alphabet by 0.3% during the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider's stock valued at $4,878,000 after purchasing an additional 6 shares in the last quarter. Maple Capital Management Inc. boosted its stake in shares of Alphabet by 2.1% during the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider's stock valued at $823,000 after purchasing an additional 6 shares in the last quarter. Private Advisory Group LLC boosted its stake in shares of Alphabet by 1.8% during the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider's stock valued at $1,115,000 after purchasing an additional 7 shares in the last quarter. Finally, Weik Capital Management lifted its position in Alphabet by 0.5% during the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider's stock valued at $4,264,000 after acquiring an additional 8 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GOOGL. KeyCorp upped their price objective on Alphabet from $153.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $155.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Citigroup restated a "buy" rating and issued a $168.00 price objective on shares of Alphabet in a research note on Wednesday, April 10th. Truist Financial upped their price objective on Alphabet from $158.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the stock a "positive" rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $157.97.

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.