Alibaba Group (NYSE:BABA) Releases Quarterly Earnings Results, Beats Estimates By $13.19 EPS

Alibaba Group (NYSE:BABA) released its earnings results on Friday. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19, Briefing.com reports. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The company had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the previous year, the company posted $1.82 EPS. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis.

Alibaba Group Stock Down 0.5 %

Shares of NYSE BABA traded down $0.45 on Monday, reaching $88.14. 5,129,631 shares of the company’s stock traded hands, compared to its average volume of 17,638,953. The business’s 50 day simple moving average is $98.18 and its two-hundred day simple moving average is $85.70. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a market cap of $211.04 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.35. Alibaba Group has a 12 month low of $66.63 and a 12 month high of $117.82.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BABA. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Susquehanna lowered their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Loop Capital reissued a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Sanford C. Bernstein upped their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $114.53.

Alibaba Group Company Profile

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.