Apple (AAPL) to Release Earnings on Thursday

Apple (NASDAQ:AAPL) is anticipated to release its earnings data after the market closes on Thursday, January 30th. Analysts expect Apple to post earnings of $2.36 per share and revenue of $124.04 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. On average, analysts expect Apple to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Apple Trading Up 3.7 %

AAPL opened at $238.26 on Wednesday. Apple has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $240.97 and a two-hundred day moving average price of $230.70. The stock has a market capitalization of $3.58 trillion, a PE ratio of 39.19, a PEG ratio of 2.19 and a beta of 1.20.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AAPL. JPMorgan Chase & Co. lowered their price objective on Apple from $265.00 to $260.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Wedbush reissued an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Thursday, January 23rd. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Oppenheimer restated a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.05.

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.