Alphabet Inc. (NASDAQ:GOOGL) – Research analysts at SunTrust Banks issued their FY2019 earnings per share (EPS) estimates for Alphabet in a note issued to investors on Tuesday. SunTrust Banks analyst Y. Squali expects that the information services provider will post earnings per share of $49.91 for the year. SunTrust Banks currently has a “Buy” rating and a $1,100.00 target price on the stock. SunTrust Banks also issued estimates for Alphabet’s FY2020 earnings at $58.85 EPS and FY2021 earnings at $67.97 EPS.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. During the same period in the previous year, the company posted $8.42 earnings per share. COPYRIGHT VIOLATION WARNING: “Analysts Offer Predictions for Alphabet Inc.’s FY2019 Earnings (GOOGL)” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.watchlistnews.com/analysts-offer-predictions-for-alphabet-inc-s-fy2019-earnings-googl/1496086.html.

Several other brokerages have also commented on GOOGL. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price target on the stock in a research note on Monday, June 5th. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Citigroup Inc. lifted their price target on shares of Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. UBS AG reiterated a “buy” rating and set a $1,080.00 price target (up from $1,050.00) on shares of Alphabet in a research note on Tuesday, July 25th. Finally, Barclays PLC reiterated an “overweight” rating and set a $1,060.00 price target (down from $1,065.00) on shares of Alphabet in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,053.45.

Alphabet (NASDAQ GOOGL) traded up 0.69% during trading on Wednesday, hitting $944.52. The company had a trading volume of 989,766 shares. Alphabet has a 52-week low of $743.59 and a 52-week high of $1,008.61. The stock has a market capitalization of $654.44 billion, a price-to-earnings ratio of 34.23 and a beta of 0.99. The firm’s 50 day moving average is $953.90 and its 200-day moving average is $911.06.

Several hedge funds and other institutional investors have recently bought and sold shares of GOOGL. State of Alaska Department of Revenue acquired a new position in Alphabet during the second quarter worth about $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in Alphabet during the first quarter worth $108,000. Delta Asset Management LLC TN boosted its stake in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the period. Parkside Financial Bank & Trust boosted its stake in Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares during the period. Finally, Odey Holdings AG boosted its stake in Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares during the period. Institutional investors own 34.12% of the company’s stock.

Alphabet Company Profile

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)

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