Stock analysts expect Apple Inc. (NASDAQ: AAPL) to post revenue of $ 102.69 billion for the current quarter, Zacks reports. Eight analysts have released estimates for Apple’s earnings, with the lowest sales estimate at $ 97.97 billion and the highest estimate at $ 110.87 billion. Apple reported sales of $ 91.82 billion in the same quarter last year, which would indicate a positive growth rate of 11.8% year-over-year. The company is expected to announce its next quarterly results on Tuesday, January 26.
According to Zacks, analysts expect Apple to post revenue of $ 319.88 billion for the current year, with estimates ranging from $ 304.42 billion to $ 341.13 billion. dollars. For the next fiscal year, analysts predict the company will have sales of $ 332.95 billion, with estimates ranging from $ 324.10 billion to $ 354.29 billion. Zacks’ sales averages are an average based on a survey of sales-side research analysts who follow Apple.
Apple (NASDAQ: AAPL) last released its quarterly earnings data on Tuesday, November 3. The iPhone maker reported earnings per share of $ 0.73 for the quarter, beating the consensus estimate of $ 0.70 by $ 0.03. The company posted revenue of $ 64.70 billion for the quarter, compared to analysts’ estimates of $ 63.33 billion. Apple had a return on equity of 75.15% and a net margin of 20.91%. The company’s revenue increased 1.0% compared to the same quarter last year. During the same period of the previous year, the company posted EPS of $ 3.03.
The AAPL has been the subject of several recent research reports. Macquarie reiterated a “hold” note and set a price target of $ 66.60 on Apple shares in a Tuesday, September 8 report. Atlantic Securities launched a cover on Apple in a research report on Monday, October 26. They issued an “overweight” rating and a target price of $ 150.00 for the company. Wolfe Research assumed coverage of Apple in a report on Friday, July 24. They set an “underperformance” rating and a target price of $ 78.75 on the stock. Citigroup raised its price target on Apple from $ 112.50 to $ 125.00 and gave the stock a “buy” rating in a report on Monday, September 21. Finally, Fundamental Research raised its price target for Apple shares from $ 112.92 to $ 113.91 and gave the company a “hold” rating in a research note on Friday, October 30. Three research analysts rated the stock with a sell rating, seventeen assigned a sustaining rating, twenty-seven assigned a buy rating, and one assigned a high buy rating to the stock of the society. The stock currently has a consensus rating of “Buy” and an average target price of $ 111.70.
Similarly, insider Chris Kondo sold 14,840 Apple shares in a trade dated Friday, October 16. The stock was sold at an average price of $ 121.34, for a total trade of $ 1,800,685.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In addition, SVP Deirdre O’brien sold 31,200 shares of the company in a transaction dated Friday, October 16. The stock was sold at an average price of $ 119.80, for a total trade of $ 3,737,760.00. Disclosure of this sale can be found here. Insiders sold 828,974 shares of the company valued at $ 196,862,482 during the last quarter. Insiders own 0.05% of the shares of the company.
Institutional investors and hedge funds have recently changed their positions in the company. Phocas Financial Corp. raised its position in Apple shares by 0.4% in the second quarter. Phocas Financial Corp. now owns 4,979 shares of the iPhone maker valued at $ 1,816,000 after acquiring 20 more shares in the last quarter. Bank of Marin increased its holdings of Apple shares by 0.3% in the second quarter. Bank of Marin now owns 7,828 shares of the iPhone maker valued at $ 2,856,000 after buying 25 more shares in the last quarter. Compass Capital Management Inc. strengthened its position in Apple shares by 1.5% in the 2nd quarter. Compass Capital Management Inc. now owns 1,780 shares of the iPhone maker valued at $ 649,000 after purchasing 26 additional shares during the period. HM Capital Management LLC increased its stake in Apple by 0.9% in the 2nd quarter. HM Capital Management LLC now owns 3,314 shares of the iPhone maker valued at $ 1,209,000 after purchasing 28 additional shares in the last quarter. Finally, Trinity Wealth Management LLC increased its stake in Apple by 1.8% during the second quarter. Trinity Wealth Management LLC now owns 1,602 shares of the iPhone maker valued at $ 584,000 after purchasing an additional 29 shares during the period. 59.65% of the stock is currently held by institutional investors.
AAPL opened at $ 117.34 on Friday. Apple has a 52-week low of $ 53.15 and a 52-week high of $ 137.98. The company has a 50-day moving average of $ 116.43 and a two-hundred-day moving average of $ 103.03. The company has a market cap of $ 1,994.99 billion, a P / E ratio of 35.99, a P / E / G ratio of 2.73 and a beta of 1.36. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt ratio of 1.51.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 12. Shareholders of record on Monday, November 9, received a dividend of $ 0.205. This represents a dividend of $ 0.82 on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday November 6. Apple’s dividend payout ratio is currently 25.00%.
Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, portable devices and accessories around the world. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a range of versatile tablets; and portable devices, home and accessories including AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple and third-party accessories.
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