$1.10 Earnings Per Share Expected for Alibaba Group Holding Ltd (NYSE:BABA) This Quarter

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Equities analysts expect that Alibaba Group Holding Ltd (NYSE:BABA) will report earnings per share of $1.10 for the current quarter, Zacks reports. Seven analysts have made estimates for Alibaba Group’s earnings. The highest EPS estimate is $1.32 and the lowest is $0.89. Alibaba Group posted earnings of $1.28 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 14.1%. The firm is expected to report its next quarterly earnings results on Wednesday, May 20th.

According to Zacks, analysts expect that Alibaba Group will report full year earnings of $7.51 per share for the current financial year, with EPS estimates ranging from $7.22 to $8.01. For the next year, analysts anticipate that the firm will report earnings of $8.58 per share, with EPS estimates ranging from $7.52 to $9.69. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Alibaba Group.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $18.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $16.33. The firm had revenue of $161.46 billion for the quarter, compared to analysts’ expectations of $156 billion. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the company posted $12.19 earnings per share.

BABA has been the subject of several recent research reports. Royal Bank of Canada initiated coverage on shares of Alibaba Group in a research report on Thursday, January 2nd. They set a “buy” rating and a $240.00 price target for the company. TH Capital increased their target price on shares of Alibaba Group from to in a research report on Tuesday, January 7th. Goldman Sachs Group restated a “buy” rating and set a $275.00 price objective on shares of Alibaba Group in a research report on Friday, February 14th. Macquarie started coverage on shares of Alibaba Group in a research report on Wednesday, November 27th. They set an “outperform” rating for the company. Finally, SunTrust Banks raised their price objective on shares of Alibaba Group from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and a consensus target price of $241.29.

Shares of NYSE:BABA traded down $5.45 on Friday, reaching $212.59. 17,677,632 shares of the company’s stock were exchanged, compared to its average volume of 15,438,867. The firm has a market capitalization of $540.91 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.43 and a beta of 2.21. Alibaba Group has a fifty-two week low of $147.95 and a fifty-two week high of $231.14. The business’s 50-day moving average is $218.73 and its two-hundred day moving average is $191.06. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.14.

Several institutional investors have recently added to or reduced their stakes in BABA. BlackRock Inc. increased its position in Alibaba Group by 9.5% in the second quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock worth $13,307,578,000 after purchasing an additional 6,830,518 shares during the period. Peregrine Capital Management LLC lifted its holdings in shares of Alibaba Group by 0.3% during the 3rd quarter. Peregrine Capital Management LLC now owns 103,266 shares of the specialty retailer’s stock valued at $17,269,000 after purchasing an additional 341 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Alibaba Group by 130.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 540,149 shares of the specialty retailer’s stock valued at $90,328,000 after purchasing an additional 305,964 shares in the last quarter. Osborn Williams & Donohoe LLC lifted its holdings in shares of Alibaba Group by 18.7% during the 3rd quarter. Osborn Williams & Donohoe LLC now owns 9,660 shares of the specialty retailer’s stock valued at $1,615,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Vista Private Wealth Partners. LLC bought a new stake in Alibaba Group in the 3rd quarter valued at approximately $63,000. 47.22% of the stock is owned by institutional investors and hedge funds.

About Alibaba Group

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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