Equities analysts expect that Alibaba Group Holding Ltd (NYSE:BABA) will report sales of $16.52 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Alibaba Group’s earnings, with the lowest sales estimate coming in at $16.20 billion and the highest estimate coming in at $17.22 billion. Alibaba Group reported sales of $12.23 billion during the same quarter last year, which would suggest a positive year over year growth rate of 35.1%. The firm is scheduled to announce its next earnings results on Thursday, August 22nd.
On average, analysts expect that Alibaba Group will report full-year sales of $74.48 billion for the current fiscal year, with estimates ranging from $72.96 billion to $77.70 billion. For the next fiscal year, analysts anticipate that the business will post sales of $96.44 billion, with estimates ranging from $91.63 billion to $101.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Alibaba Group.
Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $7.82. The firm had revenue of $93.50 billion for the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period in the previous year, the company earned $5.73 earnings per share.
A number of equities research analysts have recently weighed in on BABA shares. SunTrust Banks reissued a “buy” rating and set a $200.00 price objective (up from $180.00) on shares of Alibaba Group in a report on Thursday, January 31st. Bank of America restated a “buy” rating and set a $215.00 target price (down from $221.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Stifel Nicolaus restated a “buy” rating and set a $180.00 target price (up from $175.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Citigroup restated a “buy” rating and set a $211.00 target price (up from $208.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Finally, Nomura restated a “buy” rating and set a $205.00 target price (up from $200.00) on shares of Alibaba Group in a research report on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Alibaba Group currently has an average rating of “Buy” and a consensus target price of $216.85.
Institutional investors have recently modified their holdings of the business. Farmers National Bank acquired a new position in shares of Alibaba Group during the 1st quarter worth about $25,000. Cribstone Capital Management LLC purchased a new stake in Alibaba Group during the 1st quarter valued at about $27,000. Manchester Capital Management LLC grew its stake in Alibaba Group by 171.4% during 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 in the last quarter. Archford Capital Strategies LLC grew its stake in Alibaba Group by 80.4% during 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 in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Alibaba Group during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 40.58% of the company’s stock.
Shares of BABA traded down $0.98 during trading hours on Friday, reaching $155.02. 1,142,163 shares of the company traded hands, compared to its average volume of 18,862,390. The firm has a market capitalization of $418.57 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 1.19 and a beta of 2.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.25. Alibaba Group has a 12-month low of $129.77 and a 12-month high of $211.70.
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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