Wedbush Has Positive Outlook of Alphabet FY2025 Earnings

Key Points

• Wedbush has raised its FY2025 earnings per share estimate for Alphabet to $9.90, up from $9.55, while the consensus estimate for the current year is $8.89.
• Alphabet's recent quarterly earnings reported an EPS of $2.31, exceeding expectations, with quarterly revenue reaching $96.43 billion, a 13.8% year-over-year increase.
• Currently, Alphabet holds a consensus rating of "Moderate Buy" among analysts, with a price target of $215.19.

Alphabet Inc. (NASDAQ:GOOG - Free Report) - Wedbush lifted their FY2025 EPS estimates for Alphabet in a research report issued on Thursday, July 24th. Wedbush analyst S. Devitt now anticipates that the information services provider will earn $9.90 per share for the year, up from their previous forecast of $9.55. The consensus estimate for Alphabet's current full-year earnings is $8.89 per share. Wedbush also issued estimates for Alphabet's FY2026 earnings at $10.25 EPS.

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

Other equities research analysts have also recently issued reports about the stock. Susquehanna restated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. KeyCorp cut their price objective on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Citigroup restated a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Citizens Jmp upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. Finally, Lake Street Capital restated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.19.

Alphabet Trading Up 0.5%

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

Institutional Investors Weigh In On Alphabet

Institutional investors have recently made changes to their positions in the company. ARQ Wealth Advisors LLC boosted its position in Alphabet by 39.3% during the 4th quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after purchasing an additional 1,400 shares during the period. Independence Bank of Kentucky boosted its position in Alphabet by 10.2% during the 1st quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock worth $2,329,000 after acquiring an additional 1,376 shares during the period. Harvest Investment Services LLC boosted its position in Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock worth $824,000 after acquiring an additional 138 shares during the period. Fermata Advisors LLC boosted its position in Alphabet by 2.7% during the 1st quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock worth $1,527,000 after acquiring an additional 259 shares during the period. Finally, jvl associates llc boosted its position in Alphabet by 3.5% during the 1st quarter. jvl associates llc now owns 10,055 shares of the information services provider's stock worth $1,571,000 after acquiring an additional 343 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the sale, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the sale, the director owned 243,400 shares in the company, valued at $45,213,984. This represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,409 shares of company stock worth $43,523,710 over the last ninety days. Corporate insiders own 12.99% of the company's stock.

Alphabet Dividend Announcement

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

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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