$1.44 EPS Expected for Alibaba Group Holding Ltd (NYSE:BABA) This Quarter

Equities research analysts expect Alibaba Group Holding Ltd (NYSE:BABA) to report $1.44 earnings per share for the current quarter, according to Zacks. Eight analysts have made estimates for Alibaba Group’s earnings, with the highest EPS estimate coming in at $1.66 and the lowest estimate coming in at $0.92. Alibaba Group reported earnings per share of $1.22 during the same quarter last year, which suggests a positive year over year growth rate of 18%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 22nd.

According to Zacks, analysts expect that Alibaba Group will report full year earnings of $6.42 per share for the current financial year, with EPS estimates ranging from $4.16 to $7.20. For the next year, analysts expect that the company will post earnings of $8.20 per share, with EPS estimates ranging from $5.76 to $9.55. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Alibaba Group.

Alibaba Group (NYSE:BABA) last posted its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $7.82. The company had revenue of $93.50 billion during the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. Alibaba Group’s revenue was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.73 earnings per share.

A number of analysts have weighed in on the company. UBS Group set a $210.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday. Loop Capital assumed coverage on Alibaba Group in a report on Monday, June 3rd. They set a “buy” rating and a $250.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a report on Friday, May 24th. Barclays upped their target price on Alibaba Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, Raymond James lowered their target price on Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating for the company in a report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $218.39.

Alibaba Group stock traded down $2.06 during mid-day trading on Friday, reaching $158.27. 875,924 shares of the company were exchanged, compared to its average volume of 23,566,098. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The firm has a market cap of $409.89 billion, a P/E ratio of 44.08, a P/E/G ratio of 1.17 and a beta of 2.32. Alibaba Group has a 12-month low of $129.77 and a 12-month high of $211.12.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farmers National Bank acquired a new position in shares of Alibaba Group in the 1st quarter valued at $25,000. Cribstone Capital Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at $27,000. Manchester Capital Management LLC increased its position in shares of Alibaba Group by 171.4% in the 1st quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 96 shares during the period. Archford Capital Strategies LLC increased its position in shares of Alibaba Group by 80.4% in the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 82 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at $34,000. 40.68% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Earnings History and Estimates for Alibaba Group (NYSE:BABA)

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