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

Alibaba Group (NYSE:BABA) released its quarterly 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. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS.

Alibaba Group Price Performance

Shares of NYSE:BABA traded down $0.06 during midday trading on Monday, reaching $88.53. 6,190,465 shares of the company’s stock were exchanged, compared to its average volume of 17,643,711. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The company’s 50 day simple moving average is $98.18 and its two-hundred day simple moving average is $85.70. Alibaba Group has a 12 month low of $66.63 and a 12 month high of $117.82. The firm has a market capitalization of $211.98 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.35.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BABA shares. Morgan Stanley reissued an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a report on Friday, August 23rd. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Macquarie upgraded shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Finally, StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.