Alibaba Group Holding Limited (NYSE:BABA) Expected to Post Earnings of $1.06 Per Share

Analysts expect that Alibaba Group Holding Limited (NYSE:BABAGet Rating) will report $1.06 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Alibaba Group’s earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $1.23. Alibaba Group reported earnings of $1.58 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 32.9%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Alibaba Group will report full year earnings of $7.99 per share for the current fiscal year, with EPS estimates ranging from $7.85 to $8.12. For the next financial year, analysts forecast that the business will report earnings of $7.43 per share, with EPS estimates ranging from $6.80 to $8.20. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Alibaba Group.

Alibaba Group (NYSE:BABAGet Rating) last released its earnings results on Thursday, February 24th. The specialty retailer reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.32. Alibaba Group had a return on equity of 10.84% and a net margin of 7.86%. The business had revenue of $242.58 billion for the quarter, compared to analyst estimates of $245.79 billion. During the same quarter last year, the firm posted $2.98 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year.

BABA has been the topic of several research reports. Stifel Nicolaus cut their price target on Alibaba Group from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. Benchmark dropped their price objective on Alibaba Group from $235.00 to $220.00 in a research report on Thursday, April 7th. Mizuho dropped their price objective on Alibaba Group from $215.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, January 31st. JPMorgan Chase & Co. downgraded Alibaba Group from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $180.00 to $65.00 in a research report on Monday, March 14th. Finally, HSBC dropped their price objective on Alibaba Group from $168.00 to $156.00 and set a “buy” rating on the stock in a research report on Friday, April 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group has a consensus rating of “Buy” and an average target price of $191.75.

Shares of Alibaba Group stock opened at $95.49 on Friday. The firm has a market cap of $258.86 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.56 and a beta of 0.89. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.12. Alibaba Group has a 12 month low of $73.28 and a 12 month high of $241.89. The stock’s fifty day moving average price is $108.23 and its 200-day moving average price is $128.61.

Hedge funds and other institutional investors have recently modified their holdings of the business. Widmann Financial Services Inc. acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $27,000. Chilton Capital Management LLC acquired a new stake in Alibaba Group during the 4th quarter worth approximately $28,000. Global Wealth Management Investment Advisory Inc. lifted its position in Alibaba Group by 74.1% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 235 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 100 shares during the period. Ulland Investment Advisors LLC acquired a new stake in Alibaba Group during the 4th quarter worth approximately $29,000. Finally, Community Bank N.A. acquired a new stake in Alibaba Group during the 3rd quarter worth approximately $30,000. Institutional investors own 20.89% of the company’s stock.

About Alibaba Group (Get Rating)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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