Alibaba Group (NYSE:BABA) announces earnings results

Alibaba Group (NYSE:BABA – Get Free Report ) announced its earnings results on Thursday. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57, Briefing.com reports. The firm had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted EPS of $2.47.

Alibaba Group’s pricing performance

Shares of BABA stock opened at $83.18 on Friday. The firm has a 50-day moving average of $76.63 and a 200-day moving average of $75.97. The firm has a market cap of $211.07 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. Alibaba Group has a 12-month low of $66.63 and a 12-month high of $96.68. The company has a current ratio of 1.79, a quick ratio of 1.79, and a debt-to-equity ratio of 0.13.

The Wall Street analyst weighs in

Several equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday. Citigroup cut their price target on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Mizuho reduced their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Loop Capital boosted their price objective on Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Bank of America upped their price target on Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $107.61, according to MarketBeat .

Check out our latest report on BABA

Alibaba Group Company Profile

(Get a free report)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing coverage to help merchants, brands, retailers and other companies 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.

Further reading

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