Apple (AAPL) to Release Earnings on Thursday

Apple (NASDAQ:AAPL) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Apple to post earnings of $1.50 per share for the quarter. Individual interested in registering for 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 (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 earnings per share. On average, analysts expect Apple to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Apple Stock Up 1.3 %

Shares of Apple stock opened at $169.02 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a market capitalization of $2.61 trillion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27. Apple has a 52-week low of $162.80 and a 52-week high of $199.62. The company has a 50-day simple moving average of $173.58 and a two-hundred day simple moving average of $181.94.

Apple Dividend Announcement

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

Insider Buying and Selling at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’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 in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 in the last quarter. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price target on shares of Apple in a research report on Friday, February 2nd. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and upped their target price for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. DA Davidson assumed coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target on the stock. UBS Group reissued a “hold” rating and issued a $190.00 target price on shares of Apple in a research note on Monday, March 25th. Finally, Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $203.05.

About Apple

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.