Apple (AAPL) Set to Announce Quarterly Earnings on Thursday

Apple (NASDAQ:AAPL) will be announcing its earnings results after the market closes on Thursday, February 1st. Analysts expect the company to announce earnings of $3.75 per share for the quarter.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. On average, analysts expect Apple to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Shares of Apple (NASDAQ AAPL) opened at $167.96 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $862,360.00, a price-to-earnings ratio of 18.28, a PEG ratio of 1.39 and a beta of 1.23. Apple has a 12 month low of $120.62 and a 12 month high of $180.10.

In related news, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now directly owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the transaction, the insider now directly owns 39,682 shares in the company, valued at $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock valued at $22,115,155 in the last ninety days. Insiders own 0.06% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the period. Legal & General Group Plc increased its holdings in Apple by 1.1% during the third quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after buying an additional 287,027 shares during the period. Janus Henderson Group PLC grew its holdings in Apple by 9.3% in the third quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock worth $3,367,571,000 after purchasing an additional 1,850,572 shares during the last quarter. Swiss National Bank grew its holdings in Apple by 1.5% in the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after purchasing an additional 275,400 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Apple by 1.2% in the second quarter. UBS Asset Management Americas Inc. now owns 17,290,947 shares of the iPhone maker’s stock worth $2,490,242,000 after purchasing an additional 203,614 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

AAPL has been the subject of several analyst reports. Drexel Hamilton restated a “buy” rating and issued a $208.00 price objective on shares of Apple in a research note on Monday, October 9th. UBS Group restated a “buy” rating and issued a $180.00 price objective on shares of Apple in a research note on Monday, October 9th. Vetr lowered Apple from a “strong-buy” rating to a “buy” rating and set a $173.47 price objective for the company. in a research note on Friday, October 6th. Robert W. Baird restated a “buy” rating and issued a $175.00 price objective (up from $172.00) on shares of Apple in a research note on Wednesday, October 4th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $196.00 price objective on shares of Apple in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $201.12.

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About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Earnings History for Apple (NASDAQ:AAPL)

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