Alphabet Inc. (NASDAQ:GOOGL) – Equities research analysts at Cantor Fitzgerald raised their FY2017 earnings per share estimates for Alphabet in a note issued to investors on Monday. Cantor Fitzgerald analyst now expects that the information services provider will post earnings per share of $33.48 for the year, up from their previous estimate of $32.85. Cantor Fitzgerald has a “Buy” rating and a $1,100.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) lifted their price target on shares of Alphabet from $1,125.00 to $1,175.00 in a report on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $1,200.00 price target on shares of Alphabet in a report on Tuesday, July 4th. Aegis reiterated a “buy” rating and set a $1,090.00 price target on shares of Alphabet in a report on Monday, July 3rd. Societe Generale set a $1,210.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Finally, Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,030.26 price target for the company. in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,087.02.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://theolympiareport.com/2017/10/31/analysts-set-expectations-for-alphabet-inc-s-fy2017-earnings-googl.html.

Alphabet (GOOGL) opened at 1033.13 on Tuesday. The firm has a 50-day moving average of $976.09 and a 200 day moving average of $956.78. Alphabet has a 12-month low of $743.59 and a 12-month high of $1,063.62. The firm has a market capitalization of $715.83 billion, a price-to-earnings ratio of 37.44 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the previous year, the business posted $9.06 EPS.

A number of hedge funds have recently added to or reduced their stakes in the business. Pure Financial Advisors Inc. increased its stake in Alphabet by 0.4% during the second quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after purchasing an additional 1 shares during the last quarter. Delta Asset Management LLC TN boosted its holdings in shares of Alphabet by 1.5% during the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 2 shares during the period. Baystate Wealth Management LLC boosted its holdings in shares of Alphabet by 0.7% during the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock valued at $288,000 after acquiring an additional 2 shares during the period. First Bank & Trust boosted its holdings in shares of Alphabet by 0.3% during the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock valued at $710,000 after acquiring an additional 2 shares during the period. Finally, Fort Pitt Capital Group LLC boosted its holdings in shares of Alphabet by 0.3% during the second quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock valued at $672,000 after acquiring an additional 2 shares during the period. Hedge funds and other institutional investors own 33.87% 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)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.