Alibaba Group (BABA) Set to Announce Earnings on Friday

Alibaba Group (NYSE:BABA) is scheduled to be announcing its earnings results before the market opens on Friday, November 15th. Analysts expect the company to announce earnings of $1.87 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating the consensus estimate of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. Alibaba Group’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $2.47 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 Up 3.5 %

Shares of BABA stock opened at $100.16 on Friday. The stock has a market cap of $239.87 billion, a P/E ratio of 26.22, a PEG ratio of 0.46 and a beta of 0.35. The company’s fifty day simple moving average is $96.65 and its two-hundred day simple moving average is $84.70. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $117.82.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna dropped their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. Sanford C. Bernstein boosted their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Jefferies Financial Group reiterated a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a research report on Friday, July 26th. Bank of America boosted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Barclays increased their price target on shares of Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.13.

About Alibaba Group

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.