Roth Capital Issues Positive Outlook for Alphabet Earnings

Alphabet Inc. (NASDAQ:GOOG - Free Report) - Roth Capital increased their Q4 2026 earnings per share (EPS) estimates for Alphabet in a report released on Tuesday, July 8th. Roth Capital analyst R. Kulkarni now anticipates that the information services provider will post earnings of $2.91 per share for the quarter, up from their previous forecast of $2.76. Roth Capital currently has a "Buy" rating on the stock. The consensus estimate for Alphabet's current full-year earnings is $8.89 per share.

GOOG has been the topic of several other research reports. Susquehanna reiterated a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Citizens Jmp raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. Piper Sandler restated a "neutral" rating on shares of Alphabet in a research report on Wednesday. Westpark Capital reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Finally, Needham & Company LLC cut Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and six have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $207.13.

Alphabet Stock Up 1.5%

GOOG traded up $2.61 on Wednesday, hitting $181.31. The company had a trading volume of 23,949,486 shares, compared to its average volume of 21,402,385. The stock has a fifty day moving average price of $171.19 and a 200-day moving average price of $175.18. Alphabet has a 12-month low of $142.66 and a 12-month high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.25 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year.

Hedge Funds Weigh In On Alphabet

Institutional investors have recently bought and sold shares of the company. Principia Wealth Advisory LLC lifted its stake in Alphabet by 111.8% in 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 purchased a new stake in shares of Alphabet during the first quarter worth $26,000. LSV Asset Management purchased a new stake in shares of Alphabet during the fourth quarter worth $27,000. Goodman Advisory Group LLC purchased a new stake in shares of Alphabet during the first quarter worth $32,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the first quarter worth $32,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the completion of the sale, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. The trade was a 1.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 9,000 shares of the business'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 $1,575,000.00. Following the completion of the sale, the director directly owned 255,400 shares of the company's stock, valued at $44,695,000. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 215,643 shares of company stock valued at $36,330,928 in the last three months. Corporate insiders own 12.99% of the company's stock.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.46%. Alphabet's dividend payout ratio (DPR) is 9.36%.

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.