Alibaba Group (BABA) Set to Announce Quarterly Earnings on Wednesday

Alibaba Group (NYSE:BABAGet Free Report) will announce its earnings results before the market opens on Wednesday, February 7th. Analysts expect the company to announce earnings of $2.40 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $15.63 earnings per share for the quarter, topping analysts’ consensus estimates of $15.28 by $0.35. The business had revenue of $224.79 billion during the quarter, compared to analyst estimates of $224.48 billion. Alibaba Group had a net margin of 14.49% and a return on equity of 12.83%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. On average, analysts expect Alibaba Group to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Alibaba Group Stock Performance

BABA opened at $72.33 on Wednesday. The firm has a market cap of $183.54 billion, a P/E ratio of 10.02 and a beta of 0.56. Alibaba Group has a 1-year low of $66.63 and a 1-year high of $113.95. The company has a 50 day simple moving average of $73.79 and a two-hundred day simple moving average of $83.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.94 and a quick ratio of 1.94.

Alibaba Group Dividend Announcement

The company also recently declared a — dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, December 21st were given a $1.00 dividend. The ex-dividend date was Wednesday, December 20th. Alibaba Group’s payout ratio is currently 13.57%.

Analyst Ratings Changes

A number of equities analysts have weighed in on BABA shares. Susquehanna dropped their price target on shares of Alibaba Group from $160.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, November 22nd. Mizuho dropped their target price on shares of Alibaba Group from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Benchmark dropped their target price on shares of Alibaba Group from $150.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. Citigroup dropped their target price on shares of Alibaba Group from $151.00 to $147.00 in a research report on Monday, October 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Alibaba Group from $125.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.80.

View Our Latest Stock Analysis on Alibaba Group

Institutional Investors Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in shares of Alibaba Group by 6.1% in the third quarter. Advisors Asset Management Inc. now owns 2,464 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 142 shares during the last quarter. Hilltop Holdings Inc. grew its holdings in shares of Alibaba Group by 7.0% in the second quarter. Hilltop Holdings Inc. now owns 2,560 shares of the specialty retailer’s stock worth $213,000 after purchasing an additional 168 shares during the last quarter. Bell & Brown Wealth Advisors LLC grew its holdings in shares of Alibaba Group by 0.5% in the second quarter. Bell & Brown Wealth Advisors LLC now owns 31,389 shares of the specialty retailer’s stock worth $2,616,000 after purchasing an additional 170 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of Alibaba Group by 2.1% in the first quarter. IHT Wealth Management LLC now owns 10,087 shares of the specialty retailer’s stock worth $1,031,000 after purchasing an additional 203 shares during the last quarter. Finally, Lumature Wealth Partners LLC grew its holdings in shares of Alibaba Group by 57.0% in the first quarter. Lumature Wealth Partners LLC now owns 609 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 14.22% of the company’s stock.

About Alibaba Group

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Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Earnings History for Alibaba Group (NYSE:BABA)

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