[at Forbes] – The iPhone 5c and 5s have helped Apple regain smartphone market share but the gains have not been as large as a year ago when the iPhone 5 launched.
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Apple Inc. (AAPL), currently valued at $489.85B, opened this morning at $544.32.
During today’s session, AAPL traded between $539.91 to $545.96 with a one year range of $385.10 to $575.14.
AAPL shares are currently priced at 12.44x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.80x forward p/e ratio.
And for dividend hunters, the company pays shareholders $12.20 per share annually in dividends, yielding 2.60%.
In a review of the consensus earnings estimate this quarter, 47 sell-side analysts are looking at $14.05 per share, which would be $0.24 better than the year-ago quarter and a $0.26 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $43.71, which would be a $3.96 improvement when compared to the last year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $57.31 Billion. If realized, that would be a 5.14% increase over the year-ago quarter.
Recently, Standpoint Research downgraded AAPL from Hold to Sell (Jan 6, 2014). Previously, UBS upgraded AAPL from Neutral to Buy.
The average price target for AAPL shares by the analysts covering it is $595.73, which is 9.44% above where the stock opened.
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) .