Alibaba Group Holding Limited (BABA) Set to Announce Quarterly Earnings on Thursday
Alibaba Group Holding Limited (NYSE:BABA) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 17th. Analysts expect Alibaba Group Holding Limited to post earnings of $0.73 per share for the quarter.
Alibaba Group Holding Limited (NYSE:BABA) last announced its quarterly earnings data on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.01. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the company posted $0.47 earnings per share. On average, analysts expect Alibaba Group Holding Limited to post $4.60 EPS for the current fiscal year and $6.12 EPS for the next fiscal year.
Alibaba Group Holding Limited (BABA) opened at 157.49 on Thursday. Alibaba Group Holding Limited has a one year low of $84.30 and a one year high of $160.39. The firm’s 50-day moving average price is $147.55 and its 200 day moving average price is $120.38. The company has a market capitalization of $398.45 billion, a price-to-earnings ratio of 62.32 and a beta of 2.64.
Alibaba Group Holding Limited declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
BABA has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on shares of Alibaba Group Holding Limited from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Vetr downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating and set a $129.84 target price for the company. in a report on Monday, May 8th. MKM Partners reaffirmed a “buy” rating and issued a $155.00 target price (up previously from $130.00) on shares of Alibaba Group Holding Limited in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $120.00 target price on shares of Alibaba Group Holding Limited in a report on Tuesday, May 16th. Finally, Benchmark Co. initiated coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, April 18th. They issued a “buy” rating and a $140.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $142.21.
Alibaba Group Holding Limited Company Profile
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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