Alibaba Group (BABA) Set to Announce Earnings on Wednesday

Alibaba Group (NYSE:BABA) will announce its earnings results before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.77 per share for the quarter.

Shares of BABA opened at $170.01 on Tuesday. The stock has a market capitalization of $458.55 billion, a P/E ratio of 42.19, a price-to-earnings-growth ratio of 1.48 and a beta of 2.27. Alibaba Group has a one year low of $129.77 and a one year high of $211.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

A number of research analysts recently commented on BABA shares. HSBC increased their price target on Alibaba Group from $177.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 14th. Citigroup reissued a “buy” rating and issued a $211.00 price target (up previously from $208.00) on shares of Alibaba Group in a report on Thursday, January 31st. Sanford C. Bernstein reissued a “mkt perform” rating on shares of Alibaba Group in a report on Monday, January 14th. Oppenheimer increased their price target on Alibaba Group from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Finally, SunTrust Banks reissued a “buy” rating and issued a $200.00 price target (up previously from $180.00) on shares of Alibaba Group in a report on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Alibaba Group has a consensus rating of “Buy” and an average price target of $212.96.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Earnings History for Alibaba Group (NYSE:BABA)

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