Apple Inc. (AAPL) to Release Quarterly Earnings on Thursday

Apple Inc. (NASDAQ:AAPL) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $1.87 per share for the quarter.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same period in the prior year, the company posted $1.42 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, analysts expect Apple to post $9.01 EPS for the current fiscal year and $10.97 EPS for the next fiscal year.

Shares of Apple Inc. (NASDAQ:AAPL) opened at 169.04 on Wednesday. The company has a market capitalization of $873.13 billion, a price-to-earnings ratio of 19.19 and a beta of 1.27. The stock has a 50 day moving average price of $157.08 and a 200 day moving average price of $153.07. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $169.65.

A number of research firms have recently weighed in on AAPL. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $171.48 price target for the company. in a research report on Monday. Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price target (up from $196.00) on shares of Apple in a research report on Tuesday. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a research report on Tuesday. Barclays PLC reiterated a “hold” rating and issued a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $172.00 price target on shares of Apple in a research report on Tuesday, September 5th. Eight analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $193.36.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/11/01/apple-inc-aapl-to-release-quarterly-earnings-on-thursday.html.

In other Apple news, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $157.58, for a total value of $5,515,300.00. Following the completion of the transaction, the director now directly owns 1,168,283 shares of the company’s stock, valued at $184,098,035.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold 541,177 shares of company stock valued at $85,864,804 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Capital Research Global Investors grew its stake in shares of Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares during the period. Legal & General Group Plc grew its stake in shares of Apple by 3.0% in the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after acquiring an additional 771,046 shares during the period. Janus Henderson Group PLC grew its stake in shares of Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares during the period. Swiss National Bank grew its stake in shares of Apple by 1.5% in the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after acquiring an additional 275,400 shares during the period. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Apple by 1.2% in the second quarter. UBS Asset Management Americas Inc. now owns 17,290,947 shares of the iPhone maker’s stock worth $2,490,242,000 after acquiring an additional 203,614 shares during the period. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Earnings History for Apple (NASDAQ:AAPL)

What are top analysts saying about Apple Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Apple Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit