Zacks Research Issues Positive Outlook for Alphabet Earnings

Alphabet Inc. (NASDAQ:GOOGL) – Stock analysts at Zacks Research boosted their Q1 2027 earnings per share estimates for shares of Alphabet in a report issued on Wednesday, August 13th. Zacks Research analyst Team now anticipates that the information services provider will post earnings of $2.87 per share for the quarter, up from their previous estimate of $2.55. The consensus estimate for Alphabet’s current full-year earnings is $8.90 per share. Zacks Research also issued estimates for Alphabet’s FY2027 earnings at $11.53 EPS.

GOOGL has been the topic of a number of other research reports. Oppenheimer increased their price target on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Tigress Financial raised their price target on Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, April 30th. Guggenheim upped their price objective on shares of Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Citigroup increased their price objective on shares of Alphabet from $203.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Susquehanna boosted their target price on shares of Alphabet from $220.00 to $225.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.53.

Alphabet Price Performance

GOOGL stock opened at $203.90 on Friday. The firm has a 50 day moving average of $184.25 and a 200-day moving average of $173.20. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.37 and a beta of 1.01. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet has a 12-month low of $140.53 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96,428,000 billion for the quarter, compared to analyst estimates of $93.60 billion.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. This represents a 1.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the business’s 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 transaction, the director directly owned 243,400 shares in the company, valued at $45,213,984. This trade represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,819 shares of company stock valued at $49,796,547 over the last three months. 11.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alphabet

Several hedge funds and other institutional investors have recently made changes to their positions in GOOGL. Guardian Wealth Management Inc. lifted its stake in shares of Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after buying an additional 119 shares in the last quarter. von Borstel & Associates Inc. purchased a new stake in Alphabet in the first quarter worth approximately $28,000. IMA Advisory Services Inc. bought a new position in Alphabet during the first quarter valued at approximately $28,000. NBZ Investment Advisors LLC raised its stake in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after acquiring an additional 90 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in shares of Alphabet during the second quarter worth approximately $31,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.