Apple (NASDAQ:AAPL – Get Rating) is scheduled to release its earnings data after the market closes on Thursday, February 2nd. Analysts expect Apple to post earnings of $1.93 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. On average, analysts expect Apple to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Apple Trading Down 0.5 %
Shares of AAPL stock opened at $141.86 on Thursday. The company has a market cap of $2.25 trillion, a P/E ratio of 23.22, a PEG ratio of 1.82 and a beta of 1.24. The stock has a 50 day simple moving average of $138.28 and a two-hundred day simple moving average of $148.06. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. Apple has a fifty-two week low of $124.17 and a fifty-two week high of $179.61.
Insider Buying and Selling at Apple
In other news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Chris Kondo sold 20,200 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the sale, the insider now owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.
Hedge Funds Weigh In On Apple
A number of large investors have recently modified their holdings of the company. HBC Financial Services PLLC grew its position in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. Clear Perspectives Financial Planning LLC grew its position in Apple by 27.3% during the first quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock worth $172,000 after buying an additional 211 shares in the last quarter. Magellan Asset Management Ltd increased its stake in Apple by 10.6% in the 2nd quarter. Magellan Asset Management Ltd now owns 1,323 shares of the iPhone maker’s stock worth $181,000 after acquiring an additional 127 shares during the last quarter. Verity Asset Management Inc. raised its holdings in shares of Apple by 29,097.9% in the 1st quarter. Verity Asset Management Inc. now owns 5,300,881 shares of the iPhone maker’s stock valued at $189,000 after acquiring an additional 5,282,726 shares in the last quarter. Finally, Brooklyn FI LLC purchased a new stake in shares of Apple in the 2nd quarter valued at about $203,000. 57.60% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on AAPL. Needham & Company LLC reiterated a “buy” rating and issued a $170.00 target price on shares of Apple in a report on Tuesday, November 8th. Citigroup reiterated a “buy” rating and issued a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Apple from $170.00 to $160.00 and set a “buy” rating for the company in a report on Monday. Finally, Morgan Stanley reduced their price objective on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.44.
Apple Company Profile
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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