[Business Wire] – Apple® today announced iPhone® 5s, the most forward-thinking smartphone in the world, and iPhone 5c, the most colorful iPhone yet, will be available in Italy, Russia, Spain and more than 25 additional countries on Friday, October 25.
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Apple Inc. (AAPL), with a current market cap of $437.54B, began trading this morning at $484.64.
Looking at the stock, its one day range is $481.50 to $484.73 with its 52-week range being $385.10 to $652.79.
AAPL shares are currently priced at 12.23x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.70x earnings multiple for the same period.
The company pays shareholders $12.20 per share annually in dividends, yielding 2.50% .
Consensus earnings for the current quarter by the 47 sell-side analysts covering the stock is an estimate of $7.88 per share, which would be $0.79 worse than the year-ago quarter but a $0.28 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $39.33 would be a $4.82 setback when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.73 Billion. If reported, that would be a 2.11% increase over the year-ago quarter.
Recently, Standpoint Research downgraded (AAPL) from Buy to Hold (Aug 2, 2013).
Previously, Robert W. Baird downgraded (AAPL) from Outperform to Neutral. BTIG Research downgraded (AAPL) from Buy to Neutral.
The average price target for AAPL shares is $548.21, which is 13.12% above where the stock opened this morning.
Apple Inc. (NASDAQ:AAPL), together with subsidiaries, designs, manufactures and markets mobile communication and media devices, personal computing products and portable digital music players worldwide. Its products and services include iPhone, iPod, iPad and much more.
Tag Helper ~ Stock Code: AAPL | Common Company name: Apple | Full Company name: Apple Inc. (NASDAQ:AAPL) .