Zacks: Brokerages Anticipate Alibaba Group Holding Ltd (BABA) Will Post Quarterly Sales of $12.00 Billion

Wall Street analysts predict that Alibaba Group Holding Ltd (NYSE:BABA) will report $12.00 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Alibaba Group’s earnings, with the highest sales estimate coming in at $12.36 billion and the lowest estimate coming in at $11.55 billion. Alibaba Group posted sales of $7.67 billion during the same quarter last year, which would indicate a positive year over year growth rate of 56.5%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, February 1st.

On average, analysts expect that Alibaba Group will report full-year sales of $12.00 billion for the current fiscal year, with estimates ranging from $35.64 billion to $37.60 billion. For the next fiscal year, analysts expect that the firm will report sales of $50.49 billion per share, with estimates ranging from $48.78 billion to $53.38 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Alibaba Group.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, November 2nd. The specialty retailer reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.18. Alibaba Group had a return on equity of 17.89% and a net margin of 30.87%.

BABA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. MKM Partners restated a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research report on Monday, October 2nd. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 target price for the company in a research report on Monday, October 16th. BidaskClub upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird upped their target price on Alibaba Group from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $188.22.

A number of large investors have recently made changes to their positions in BABA. First Eagle Investment Management LLC acquired a new position in shares of Alibaba Group in the third quarter worth $104,000. Lorber David A acquired a new position in shares of Alibaba Group in the third quarter worth $109,000. San Francisco Sentry Investment Group CA acquired a new position in shares of Alibaba Group in the second quarter worth $116,000. Highlander Capital Management LLC increased its stake in shares of Alibaba Group by 478.0% in the third quarter. Highlander Capital Management LLC now owns 867 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 717 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Alibaba Group by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 200 shares during the last quarter. 37.99% of the stock is currently owned by institutional investors.

Alibaba Group (NYSE BABA) opened at $184.05 on Friday. Alibaba Group has a fifty-two week low of $95.67 and a fifty-two week high of $192.49. The stock has a market capitalization of $471,380.00, a P/E ratio of 50.15, a P/E/G ratio of 1.40 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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