According to Sachs, stock market analysts expect Apple Inc. (NASDAQ: AAPL) in the current quarter will be $ 84.95 billion. Seven analysts provided estimates of Apple’s earnings, with the lowest estimate of sales at $ 83.58 billion and the highest estimate at $ 87.50 billion. Apple’s sales for the same quarter last year were $ 64.70 billion, implying a positive 31.3% year-on-year growth. The company plans to release its next quarterly income statement after the market close on Thursday, October 28th.
On average, analysts expect Apple to report full-year sales of $ 367.23 billion in the current fiscal year, with estimates ranging from $ 366.01 billion to $ 369.96 billion. Analysts expect the company to report sales of $ 383.90 billion in the next fiscal year, with estimates ranging from $ 374.46 billion to $ 396.35 billion. Sachs’ average sales are an average based on a survey of research analysts who track Apple.
Apple (NASDAQ: AAPL) last announced quarterly results on Monday, July 26th. The iPhone maker reported earnings per share of $ 1.30 for the quarter, up $ 0.29 above the Zacks consensus of $ 1.01. The company’s revenue for the quarter was $ 81.40 billion, compared with a consensus estimate of $ 73.48 billion. Apple had a net margin of 25.00% and a return on equity of 131.01%. The business’s revenue grew 36.4% over the same quarter last year. In the same quarter last year, the company’s earnings per share were $ 0.64.
AAPL has been the subject of several research reports. Evercore ISI upgraded Apple’s stock to Buy and set a target price for the stock at $ 180 in its report on Friday, September 10. Jefferies Financial Group initiated coverage of Apple stock in a policy brief on Monday 13 September. They gave the company a Buy rating and a target price of $ 175.00. Wolfe Research upgraded Apple’s stock to market from bad and raised its target price for the stock from $ 135 to $ 155 in a report on Wednesday, September 1. Robert W. Baird upgraded Apple’s stock to ‘above market’ and raised its target price for the stock from $ 160 to $ 170 in a report on Wednesday, Sept. 8. Finally, in its report released on Monday, September 13, the UBS Group set a target price for Apple shares of $ 175. One analyst rated stocks with a sell rating, six with a hold rating, twenty-four with a buy rating, and one with a high buy rating for the stock. The company has an average Buy rating and an agreed price target of $ 164.55, according to MarketBeat.com.
Apple shares opened on Friday at $ 142.65. Apple has a 12-month low of $ 107.32 and a 12-month high of $ 157.26. The stock market cap is $ 2.36 trillion, the P / E ratio is 27.92, the P / E / G ratio is 2.10, and the beta is 1.20. The firm’s 50-day moving average is $ 148.07 and its two-hundred-day moving average is $ 137.03. The company has a debt to equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01.
The company also recently announced its quarterly dividend, which was paid on Thursday, August 12th. The shareholders, registered on Monday, August 9, received a dividend of $ 0.22. The ex-dividend date is Friday, August 6th. This represents an annualized dividend of $ 0.88 and a yield of 0.62%. Apple’s dividend payout ratio is currently 26.83%.
Related news: On Friday, August 6, Senior Vice President Deirdre O’Brien sold 14,877 Apple shares in a deal. The shares were sold at an average price of $ 145.99 for a total deal value of $ 2,171,893.23. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, on Monday August 2, Senior Vice President Catherine L. Adams sold 17,000 shares of the firm. The shares were sold at an average price of US $ 145.89 for a total of US $ 2,480,130. Following the completion of the sale, the senior vice president now directly owns 324,164 shares of the company for $ 47,292,285.96. Disclosures about this sale can be found here. Over the past three months, insiders have sold 2,418,317 shares of the company for $ 359,229,278. Insiders own 0.06% of the company’s shares.
Institutional investors and hedge funds have recently increased or decreased their stakes in the business. University of Texas Texas AM Investment Management Co. acquired a new position at Apple in the second quarter for approximately $ 27,000. Milestone Resources Group Ltd increased its stake in Apple shares by 57.7% in the second quarter. Milestone Resources Group Ltd now owns 216 shares in the $ 30,000 iPhone maker after acquiring an additional 79 shares in the last quarter. In the first quarter, Pinz Capital Management LP acquired a new stake in Apple for approximately $ 72,000. Kessler Investment Group LLC increased its stake in Apple by 585.7% in the second quarter. Kessler Investment Group LLC now owns 576 shares in the $ 79,000 iPhone maker after purchasing an additional 492 shares during that period. Finally, in the first quarter, Geo Capital Gestora de Recursos Ltd increased its shares in Apple by 135.6%. Geo Capital Gestora de Recursos Ltd now owns 655 shares in the iPhone maker for $ 80,000 after purchasing an additional 377 shares in the last quarter. 56.38% of shares are held by institutional investors and hedge funds.
Apple company profile
Apple, Inc develops, manufactures, and markets smartphones, personal computers, tablets, wearable devices and accessories, and other related services. It operates in the following geographic segments: America, Europe, Greater China, Japan, and the Rest of Asia Pacific. The Americas segment includes the Americas.
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