Cantor Fitzgerald Predicts Weaker Earnings for Alphabet

Alphabet Inc. (NASDAQ:GOOG) – Research analysts at Cantor Fitzgerald reduced their FY2025 EPS estimates for Alphabet in a research note issued to investors on Wednesday, February 5th. Cantor Fitzgerald analyst D. Mathivanan now expects that the information services provider will post earnings of $8.75 per share for the year, down from their prior estimate of $8.97. The consensus estimate for Alphabet’s current full-year earnings is $8.02 per share.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%.

A number of other brokerages have also recently issued reports on GOOG. Wells Fargo & Company increased their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Canaccord Genuity Group increased their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $193.31 on Friday. The business’s 50 day moving average is $192.33 and its 200-day moving average is $176.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.37 trillion, a PE ratio of 25.64, a PEG ratio of 1.32 and a beta of 1.00. Alphabet has a 1-year low of $131.55 and a 1-year high of $208.70.

Institutional Trading of Alphabet

Large investors have recently bought and sold shares of the business. Weiss Asset Management LP bought a new stake in Alphabet in the 3rd quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the fourth quarter worth about $27,000. Safe Harbor Fiduciary LLC bought a new position in shares of Alphabet during the third quarter worth about $33,000. Sanctuary Wealth Management L.L.C. raised its position in Alphabet by 87.3% in the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after buying an additional 117 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new stake in Alphabet in the 4th quarter valued at approximately $43,000. 27.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,529 shares of company stock worth $16,600,078. Insiders own 12.99% of the company’s stock.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 10.61%.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.