Equities analysts forecast that Alibaba Group Holding Ltd (NYSE:BABA) will announce sales of $16.52 billion for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Alibaba Group’s earnings. The lowest sales estimate is $16.20 billion and the highest is $17.22 billion. Alibaba Group posted sales of $12.23 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 35.1%. The business is expected to announce its next earnings report on Thursday, August 22nd.
According to Zacks, 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 year, analysts forecast that the business will post sales of $96.44 billion, with estimates ranging from $91.63 billion to $101.50 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Alibaba Group.
Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $7.82. The company had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. Alibaba Group’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.73 EPS.
A number of analysts have commented on the stock. Morgan Stanley set a $196.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a report on Tuesday, March 26th. Stifel Nicolaus increased their price objective on shares of Alibaba Group from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Zacks Investment Research downgraded shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a report on Tuesday. Finally, SunTrust Banks reiterated a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $218.39.
BABA stock traded down $2.06 during mid-day trading on Tuesday, reaching $158.27. The company’s stock had a trading volume of 875,924 shares, compared to its average volume of 23,566,098. The company has a market cap of $409.89 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 1.17 and a beta of 2.32. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. Alibaba Group has a fifty-two week low of $129.77 and a fifty-two week high of $211.12.
Several large investors have recently bought and sold shares of BABA. Successful Portfolios LLC boosted its position in Alibaba Group by 3.8% in the 1st quarter. Successful Portfolios LLC now owns 1,520 shares of the specialty retailer’s stock valued at $277,000 after buying an additional 55 shares during the period. Cypress Wealth Services LLC lifted its position in shares of Alibaba Group by 3.8% during the 1st quarter. Cypress Wealth Services LLC now owns 1,515 shares of the specialty retailer’s stock worth $276,000 after purchasing an additional 56 shares during the last quarter. Balentine LLC lifted its position in shares of Alibaba Group by 21.7% during the 1st quarter. Balentine LLC now owns 331 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 59 shares during the last quarter. Regentatlantic Capital LLC lifted its position in shares of Alibaba Group by 2.4% during the 1st quarter. Regentatlantic Capital LLC now owns 2,598 shares of the specialty retailer’s stock worth $474,000 after purchasing an additional 61 shares during the last quarter. Finally, Carret Asset Management LLC lifted its position in shares of Alibaba Group by 0.4% during the 1st quarter. Carret Asset Management LLC now owns 16,939 shares of the specialty retailer’s stock worth $3,091,000 after purchasing an additional 63 shares during the last quarter. 40.68% of the stock is owned by hedge funds and other institutional investors.
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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