[at Wall St. Cheat Sheet] – Some options traders were left in the lurch after Apple announced it would report earnings on January 27 instead of January 24.
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Apple Inc. (AAPL), currently valued at $490.93B, opened at $546.80.
Today, shares have traded between $544.50 and $546.86 per share with its 52-week range being $385.10 to $575.14.
AAPL shares are currently priced at 12.43x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.81x earnings multiple.
The company pays shareholders $12.20 per share in dividend income per year, for a current yield of 2.30%.
According to a consensus of 47 analysts, the earnings estimate of $14.07 per share would be $0.26 better than the year-ago quarter and a $0.28 sequential increase. What we find to be interesting is that the full-year EPS estimate of $43.71 is a $3.96 better when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $57.38 Billion. If reported, that would be a 5.27% increase over the year-ago quarter.
In terms of ratings, 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 the stock is $595.73, which is 8.95% 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) .