Alibaba Group Holding Limited (NYSE:BABA) Expected to Post Quarterly Sales of $32.52 Billion

Analysts predict that Alibaba Group Holding Limited (NYSE:BABA) will announce sales of $32.52 billion for the current quarter, Zacks reports. Five analysts have provided estimates for Alibaba Group’s earnings, with the highest sales estimate coming in at $32.88 billion and the lowest estimate coming in at $32.14 billion. Alibaba Group reported sales of $22.84 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 42.4%. The business is scheduled to report its next quarterly earnings results on Thursday, November 4th.

On average, analysts expect that Alibaba Group will report full-year sales of $142.18 billion for the current financial year, with estimates ranging from $139.95 billion to $143.85 billion. For the next year, analysts expect that the company will post sales of $172.82 billion, with estimates ranging from $167.29 billion to $184.58 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Alibaba Group.

Alibaba Group (NYSE:BABA) last posted its earnings results on Monday, August 2nd. The specialty retailer reported $16.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $14.86. The firm had revenue of $205.74 billion for the quarter, compared to the consensus estimate of $208.67 billion. Alibaba Group had a net margin of 19.25% and a return on equity of 12.92%. The company’s revenue was up 33.8% on a year-over-year basis. During the same period last year, the firm posted $14.82 EPS.

Several research analysts have issued reports on BABA shares. Mizuho lowered their price objective on shares of Alibaba Group from $285.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, August 4th. Erste Group cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a research note on Friday, August 20th. Zacks Investment Research cut shares of Alibaba Group from a “hold” rating to a “strong sell” rating and set a $175.00 target price for the company. in a research note on Tuesday, July 13th. Citigroup reduced their target price on shares of Alibaba Group from $306.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 4th. Finally, Benchmark reduced their target price on shares of Alibaba Group from $282.00 to $277.00 and set a “buy” rating for the company in a research note on Wednesday, August 4th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $297.55.

A number of institutional investors have recently bought and sold shares of BABA. Camden National Bank raised its holdings in shares of Alibaba Group by 56.8% in the 4th quarter. Camden National Bank now owns 27,238 shares of the specialty retailer’s stock worth $6,339,000 after purchasing an additional 9,866 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Alibaba Group by 105.3% during the first quarter. Meeder Asset Management Inc. now owns 234 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 120 shares during the period. Retirement Group LLC raised its holdings in shares of Alibaba Group by 26.8% during the first quarter. Retirement Group LLC now owns 251 shares of the specialty retailer’s stock valued at $57,000 after acquiring an additional 53 shares during the period. Savant Capital LLC raised its holdings in shares of Alibaba Group by 5.9% during the first quarter. Savant Capital LLC now owns 2,356 shares of the specialty retailer’s stock valued at $534,000 after acquiring an additional 131 shares during the period. Finally, Valmark Advisers Inc. raised its holdings in shares of Alibaba Group by 2.3% during the first quarter. Valmark Advisers Inc. now owns 2,942 shares of the specialty retailer’s stock valued at $667,000 after acquiring an additional 66 shares during the period. 24.48% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BABA traded down $2.93 during mid-day trading on Friday, reaching $157.22. The company had a trading volume of 1,002,037 shares, compared to its average volume of 19,541,773. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $186.81 and a two-hundred day simple moving average of $211.29. The stock has a market cap of $427.35 billion, a P/E ratio of 19.53, a PEG ratio of 1.31 and a beta of 0.79. Alibaba Group has a 52-week low of $152.80 and a 52-week high of $319.32.

Alibaba Group Company Profile

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale.

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Earnings History and Estimates for Alibaba Group (NYSE:BABA)

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