Wedbush Forecasts Alphabet’s FY2025 Earnings (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOG) – Equities research analysts at Wedbush decreased their FY2025 earnings per share (EPS) estimates for Alphabet in a research report issued to clients and investors on Thursday, July 17th. Wedbush analyst S. Devitt now forecasts that the information services provider will earn $9.55 per share for the year, down from their prior forecast of $9.99. 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 $9.75 EPS.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period last year, the company earned $1.89 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis.

Several other research firms have also weighed in on GOOG. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of Alphabet in a report on Monday, June 2nd. Tigress Financial reiterated a “strong-buy” rating on shares of Alphabet in a report on Friday, May 2nd. Cowen reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Oppenheimer restated an “outperform” rating and issued a $220.00 target price (up previously from $200.00) on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Needham & Company LLC cut Alphabet from a “buy” rating to a “cautious” rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $208.40.

Alphabet Trading Up 0.7%

Shares of GOOG opened at $185.94 on Monday. Alphabet has a 12-month low of $142.66 and a 12-month high of $208.70. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 20.73, a P/E/G ratio of 1.30 and a beta of 1.01. The firm has a 50-day moving average price of $174.02 and a 200 day moving average price of $174.50. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Alphabet

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Montgomery Investment Management Inc. purchased a new position in Alphabet in the second quarter valued at $213,000. Wiser Wealth Management Inc lifted its holdings in Alphabet by 20.9% during the 2nd quarter. Wiser Wealth Management Inc now owns 1,692 shares of the information services provider’s stock worth $300,000 after buying an additional 293 shares during the last quarter. Pinnacle Investment Management Ltd acquired a new position in shares of Alphabet during the 2nd quarter worth about $8,422,000. Access Financial Services Inc. increased its holdings in shares of Alphabet by 5.6% in the 2nd quarter. Access Financial Services Inc. now owns 3,103 shares of the information services provider’s stock valued at $550,000 after acquiring an additional 165 shares during the last quarter. Finally, Foundry Financial Group Inc. increased its holdings in shares of Alphabet by 8.1% in the 2nd quarter. Foundry Financial Group Inc. now owns 1,674 shares of the information services provider’s stock valued at $297,000 after acquiring an additional 126 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,527,392 shares of the company’s stock, valued at $466,000,536.96. The trade was a 1.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 9,000 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,575,000.00. Following the transaction, the director directly owned 255,400 shares of the company’s stock, valued at approximately $44,695,000. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 215,843 shares of company stock valued at $37,288,490. 12.99% of the stock is currently owned by company insiders.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.45%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio is currently 9.36%.

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.