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.
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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.
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