Wedbush Has Positive Outlook for Alphabet FY2025 Earnings

Key Points

• Wedbush has raised its FY2025 earnings estimate for Alphabet to $9.90 per share, up from $9.55, while maintaining an "Outperform" rating and a target price of $225.00.
• The consensus estimate for Alphabet's FY2025 earnings is currently $8.90 per share, indicating a positive sentiment among analysts about the company's financial performance.
• Alphabet recently announced a quarterly dividend of $0.21 per share, with a low payout ratio of 8.95%, reflecting a financially healthy position.

Alphabet Inc. (NASDAQ:GOOGL - Free Report) - Equities research analysts at Wedbush upped their FY2025 earnings estimates for shares of Alphabet in a note issued to investors on Thursday, July 24th. Wedbush analyst S. Devitt now expects that the information services provider will earn $9.90 per share for the year, up from their previous forecast of $9.55. Wedbush currently has a "Outperform" rating and a $225.00 target price on the stock. The consensus estimate for Alphabet's current full-year earnings is $8.90 per share. Wedbush also issued estimates for Alphabet's FY2026 earnings at $10.25 EPS.

GOOGL has been the topic of a number of other reports. Cantor Fitzgerald increased their price target on shares of Alphabet from $196.00 to $201.00 and gave the stock a "neutral" rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Alphabet from $177.00 to $184.00 and gave the stock an "equal weight" rating in a research report on Thursday. Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Piper Sandler upped their price objective on shares of Alphabet from $195.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Citigroup upped their price objective on shares of Alphabet from $203.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.32.

Alphabet Price Performance

NASDAQ GOOGL opened at $193.18 on Monday. The company has a market cap of $2.34 trillion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.31 and a beta of 1.00. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05. 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 $175.77 and its two-hundred day simple moving average is $172.79.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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 $2.02 by $0.79. The company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. During the same period in the previous year, the firm earned $1.89 EPS.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a $0.21 dividend. 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 8.95%.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares of the company's stock, valued at $45,213,984. The trade was a 7.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, the chief executive officer directly owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,409 shares of company stock worth $43,523,710 over the last three months. Insiders own 11.55% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Missouri Trust & Investment Co raised its holdings in Alphabet by 0.3% during the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider's stock valued at $2,981,000 after buying an additional 55 shares during the period. AM Investment Strategies LLC raised its holdings in Alphabet by 0.9% during the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider's stock valued at $1,141,000 after buying an additional 57 shares during the period. Perritt Capital Management Inc increased its stake in Alphabet by 10.4% in the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock worth $117,000 after purchasing an additional 58 shares during the period. Nia Impact Advisors LLC increased its stake in Alphabet by 0.3% in the fourth quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock worth $3,249,000 after purchasing an additional 59 shares during the period. Finally, Bfsg LLC increased its stake in Alphabet by 0.6% in the second quarter. Bfsg LLC now owns 10,428 shares of the information services provider's stock worth $1,838,000 after purchasing an additional 59 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.