Alphabet Inc (NASDAQ:GOOGL) – Investment analysts at SunTrust Banks issued their FY2022 earnings estimates for shares of Alphabet in a research report issued on Friday. SunTrust Banks analyst Y. Squali forecasts that the information services provider will post earnings per share of $86.37 for the year.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the previous year, the firm posted $9.06 earnings per share.

GOOGL has been the subject of several other research reports. CIBC reaffirmed an “outperform” rating and issued a $1,180.00 target price (up previously from $1,050.00) on shares of Alphabet in a research note on Friday, October 27th. Pivotal Research reaffirmed a “hold” rating and issued a $970.00 target price on shares of Alphabet in a research note on Friday, October 13th. Citigroup reaffirmed a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a research note on Wednesday, October 11th. Finally, Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target for the company. in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $1,098.50.

Shares of Alphabet (GOOGL) traded up $18.60 during trading hours on Monday, reaching $1,130.65. 1,929,000 shares of the company’s stock traded hands, compared to its average volume of 1,403,156. Alphabet has a 1 year low of $812.05 and a 1 year high of $1,131.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market capitalization of $782,650.00, a P/E ratio of 37.66, a PEG ratio of 1.48 and a beta of 0.90.

Several institutional investors and hedge funds have recently modified their holdings of the company. Catawba Capital Management VA increased its position in Alphabet by 4.6% during the second quarter. Catawba Capital Management VA now owns 7,099 shares of the information services provider’s stock worth $6,600,000 after acquiring an additional 313 shares during the period. Xact Kapitalforvaltning AB increased its position in Alphabet by 0.5% during the second quarter. Xact Kapitalforvaltning AB now owns 49,519 shares of the information services provider’s stock worth $46,037,000 after acquiring an additional 258 shares during the period. Centre Asset Management LLC increased its position in Alphabet by 2.6% during the second quarter. Centre Asset Management LLC now owns 12,740 shares of the information services provider’s stock worth $11,844,000 after acquiring an additional 320 shares during the period. Norman Fields Gottscho Capital Management LLC increased its position in Alphabet by 2.1% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 1,949 shares of the information services provider’s stock worth $1,812,000 after acquiring an additional 40 shares during the period. Finally, Stillwater Capital Advisors LLC increased its position in Alphabet by 0.5% during the second quarter. Stillwater Capital Advisors LLC now owns 15,051 shares of the information services provider’s stock worth $13,993,000 after acquiring an additional 68 shares during the period. 33.57% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/01/15/research-analysts-issue-forecasts-for-alphabet-incs-fy2022-earnings-googl.html.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Earnings History and Estimates for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.