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What is Wedbush's Forecast for Alphabet FY2025 Earnings?

Alphabet logo with Computer and Technology background

Alphabet Inc. (NASDAQ:GOOGL - Free Report) - Wedbush cut their FY2025 earnings per share estimates for shares of Alphabet in a report issued on Thursday, July 17th. Wedbush analyst S. Devitt now anticipates that the information services provider will post earnings per share of $9.55 for the year, down from their previous forecast of $9.99. Wedbush has a "Outperform" rating and a $190.00 price objective 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 $9.75 EPS.

Several other research analysts have also issued reports on GOOGL. Roth Capital reaffirmed a "buy" rating and set a $205.00 target price (up from $180.00) on shares of Alphabet in a research report on Tuesday, July 8th. Citigroup restated a "buy" rating and set a $203.00 price objective (up previously from $200.00) on shares of Alphabet in a report on Tuesday, June 24th. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. KeyCorp boosted their target price on shares of Alphabet from $195.00 to $215.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, DA Davidson decreased their price target on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Ten analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.68.

View Our Latest Stock Analysis on GOOGL

Alphabet Stock Performance

Shares of Alphabet stock opened at $185.06 on Monday. The company has a market capitalization of $2.25 trillion, a PE ratio of 20.63, a P/E/G ratio of 1.30 and a beta of 1.00. The company has a 50-day simple moving average of $172.90 and a two-hundred day simple moving average of $172.89. Alphabet has a one year low of $140.53 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same period last year, the company posted $1.89 earnings per share.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.45%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is 9.36%.

Insiders Place Their Bets

In other news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the transaction, the director owned 261,966 shares in the company, valued at $45,844,050. The trade was a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the sale, the director owned 6,813 shares of the company's stock, valued at approximately $1,192,275. The trade was a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 215,843 shares of company stock valued at $37,288,490 in the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently modified their holdings of GOOGL. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Alphabet by 1.1% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 201,717 shares of the information services provider's stock worth $35,549,000 after acquiring an additional 2,118 shares during the last quarter. Philip James Wealth Mangement LLC lifted its stake in Alphabet by 2.6% during the second quarter. Philip James Wealth Mangement LLC now owns 3,074 shares of the information services provider's stock worth $542,000 after purchasing an additional 78 shares in the last quarter. Viewpoint Investment Partners Corp boosted its position in shares of Alphabet by 165.7% during the second quarter. Viewpoint Investment Partners Corp now owns 11,296 shares of the information services provider's stock worth $1,991,000 after buying an additional 7,045 shares during the period. McGuire Investment Group LLC raised its holdings in shares of Alphabet by 8.9% in the 2nd quarter. McGuire Investment Group LLC now owns 67,651 shares of the information services provider's stock valued at $11,922,000 after buying an additional 5,542 shares during the period. Finally, Warren Street Wealth Advisors LLC lifted its stake in Alphabet by 7.2% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 10,534 shares of the information services provider's stock worth $1,856,000 after acquiring an additional 709 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

About Alphabet

(Get Free Report)

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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Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

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.

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