Roth Capital Issues Positive Outlook for Alphabet Earnings

Alphabet Inc. (NASDAQ:GOOG - Free Report) - Investment analysts at Roth Capital lifted their Q1 2025 EPS estimates for shares of Alphabet in a report released on Monday, April 21st. Roth Capital analyst R. Kulkarni now forecasts that the information services provider will post earnings per share of $2.37 for the quarter, up from their previous estimate of $2.20. The consensus estimate for Alphabet's current full-year earnings is $8.89 per share. Roth Capital also issued estimates for Alphabet's Q2 2025 earnings at $2.42 EPS, Q4 2025 earnings at $2.40 EPS and FY2026 earnings at $10.04 EPS.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.77. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion.

A number of other research firms also recently commented on GOOG. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank cut their target price on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. UBS Group lowered their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $203.94.

Alphabet Trading Up 1.5 %

Shares of GOOG stock traded up $2.38 during trading hours on Wednesday, reaching $163.85. The company had a trading volume of 35,100,087 shares, compared to its average volume of 19,311,734. Alphabet has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.34 and a beta of 1.04. The company has a 50 day moving average of $164.25 and a 200 day moving average of $177.35.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is presently 9.94%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,163 shares of company stock valued at $25,361,647. 12.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alphabet

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alta Advisers Ltd lifted its stake in shares of Alphabet by 48.8% in the 1st quarter. Alta Advisers Ltd now owns 23,783 shares of the information services provider's stock valued at $3,716,000 after purchasing an additional 7,800 shares during the period. Smallwood Wealth Investment Management LLC boosted its stake in Alphabet by 2.7% during the first quarter. Smallwood Wealth Investment Management LLC now owns 7,526 shares of the information services provider's stock worth $1,176,000 after acquiring an additional 200 shares in the last quarter. Smith Salley Wealth Management grew its holdings in Alphabet by 0.9% in the first quarter. Smith Salley Wealth Management now owns 256,652 shares of the information services provider's stock worth $40,097,000 after purchasing an additional 2,414 shares during the period. Saxon Interests Inc. lifted its holdings in shares of Alphabet by 6.8% during the first quarter. Saxon Interests Inc. now owns 3,125 shares of the information services provider's stock valued at $488,000 after purchasing an additional 200 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Alphabet in the 1st quarter worth approximately $79,000. Hedge funds and other 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.