Wall Street analysts expect that Apple Inc. (NASDAQ:AAPL) will announce $84.95 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Apple’s earnings, with estimates ranging from $83.58 billion to $87.50 billion. Apple reported sales of $64.70 billion during the same quarter last year, which would suggest a positive year over year growth rate of 31.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 4th.
According to Zacks, analysts expect that Apple will report full year sales of $367.23 billion for the current financial year, with estimates ranging from $366.01 billion to $369.96 billion. For the next year, analysts anticipate that the company will report sales of $383.90 billion, with estimates ranging from $374.46 billion to $396.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Apple.
Apple (NASDAQ:AAPL) last posted its earnings results on Monday, July 26th. The iPhone maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.29. The business had revenue of $81.40 billion for the quarter, compared to the consensus estimate of $73.48 billion. Apple had a net margin of 25.00% and a return on equity of 131.01%. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS.
In related news, CEO Timothy D. Cook sold 2,386,440 shares of the business’s stock in a transaction on Wednesday, August 25th. The shares were sold at an average price of $148.58, for a total value of $354,577,255.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 14,877 shares of the business’s stock in a transaction on Friday, August 6th. The stock was sold at an average price of $145.99, for a total transaction of $2,171,893.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,418,317 shares of company stock valued at $359,229,278. Insiders own 0.06% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Apple during the second quarter worth $27,000. Milestone Resources Group Ltd grew its holdings in shares of Apple by 57.7% during the second quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock worth $30,000 after buying an additional 79 shares in the last quarter. Kessler Investment Group LLC grew its holdings in shares of Apple by 585.7% during the second quarter. Kessler Investment Group LLC now owns 576 shares of the iPhone maker’s stock worth $79,000 after buying an additional 492 shares in the last quarter. Pinz Capital Management LP purchased a new stake in shares of Apple during the first quarter worth $72,000. Finally, Geo Capital Gestora de Recursos Ltd grew its holdings in shares of Apple by 135.6% during the first quarter. Geo Capital Gestora de Recursos Ltd now owns 655 shares of the iPhone maker’s stock worth $80,000 after buying an additional 377 shares in the last quarter. 56.38% of the stock is owned by institutional investors and hedge funds.
NASDAQ AAPL traded down $3.12 during trading on Monday, reaching $142.94. 123,305,988 shares of the company’s stock traded hands, compared to its average volume of 91,649,969. The company’s 50 day simple moving average is $148.51 and its two-hundred day simple moving average is $135.78. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01. Apple has a 12-month low of $103.10 and a 12-month high of $157.26. The firm has a market cap of $2.36 trillion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Monday, August 9th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, August 6th. Apple’s dividend payout ratio (DPR) is 26.83%.
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety 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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