Apple (AAPL) to Release Earnings on Thursday

Apple (NASDAQ:AAPL) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Apple to post earnings of $1.50 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the business earned $1.88 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect Apple to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Apple Trading Up 1.3 %

Shares of AAPL stock opened at $169.02 on Thursday. Apple has a 12-month low of $162.80 and a 12-month high of $199.62. The company has a market capitalization of $2.61 trillion, a P/E ratio of 26.33, a P/E/G ratio of 2.00 and a beta of 1.27. The firm has a 50-day moving average price of $173.58 and a 200 day moving average price of $181.94. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is presently 14.95%.

Insider Activity

In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AAPL. DZ Bank restated a “hold” rating and set a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. Oppenheimer reissued an “outperform” rating and issued a $200.00 price objective on shares of Apple in a research report on Friday, February 2nd. Monness Crespi & Hardt increased their price objective on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wedbush reissued an “outperform” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, April 9th. Finally, Piper Sandler Companies cut shares of Apple to a “neutral” rating and dropped their target price for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.