Apple (NASDAQ:AAPL) will be announcing its earnings results after the market closes on Tuesday, July 27th. Analysts expect the company to announce earnings of $0.99 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, April 27th. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.41. Apple had a net margin of 23.45% and a return on equity of 111.80%. The company had revenue of $89.58 billion for the quarter, compared to analyst estimates of $76.84 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 53.6% compared to the same quarter last year. On average, analysts expect Apple to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NASDAQ AAPL opened at $142.45 on Tuesday. The company has a 50 day simple moving average of $132.26. Apple has a 12-month low of $89.14 and a 12-month high of $150.00. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 2.23 and a beta of 1.21.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 13th. Investors of record on Monday, May 10th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, May 7th. This is a positive change from Apple‘s previous quarterly dividend of $0.21. Apple‘s dividend payout ratio is 26.83%.
AAPL has been the topic of a number of analyst reports. Fundamental Research decreased their target price on shares of Apple from $148.12 to $144.27 and set a “buy” rating on the stock in a report on Tuesday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Apple in a report on Wednesday, April 21st. Canaccord Genuity upped their target price on shares of Apple from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 5th. Wedbush upped their target price on shares of Apple from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Finally, Morgan Stanley upped their target price on shares of Apple from $162.00 to $166.00 and gave the stock an “overweight” rating in a report on Thursday, July 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-six have assigned a buy rating to the company. Apple has a consensus rating of “Buy” and a consensus price target of $149.32.
In other Apple news, SVP Katherine L. Adams sold 17,000 shares of the company’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $132.80, for a total value of $2,257,600.00. Following the completion of the transaction, the senior vice president now directly owns 333,044 shares in the company, valued at approximately $44,228,243.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 121,072 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $132.81, for a total transaction of $16,079,572.32. Following the completion of the transaction, the chief financial officer now owns 143,961 shares of the company’s stock, valued at $19,119,460.41. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.
An institutional investor recently bought a new position in Apple stock. OLD Mission Capital LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,691 shares of the iPhone maker’s stock, valued at approximately $1,238,000. 56.20% of the stock is currently owned by institutional investors and hedge funds.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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7 Tech Stocks That Will Avoid Government Regulation
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