[Bloomberg] – Apple Inc. (AAPL) signaled that the long wait for new products is nearing an end. With bigger-screen handsets in development, Apple said yesterday that shoppers are delaying buying new iPhones, which will weigh on sales in the current quarter ending in September. Yet rather than dissuade buyers from procrastinating, Apple stoked anticipation for new devices on a conference call, with Chief Executive Officer Tim Cook talking about an “incredible pipeline” that “we can’t wait to show you,” and finance chief Luca Maestri declaring it would be a “very busy fall.” Looking ahead to new gadgets is the main reason investors barely reacted to Apple’s fiscal third-quarter results yesterday.
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Apple Inc. (AAPL), with a current market cap of $588.07B, opened this morning at $95.43.
Today’s price range has been between $95.17 and $97.88 per share with the price of the stock fluctuating between $59.82 to $97.88 over the last 52 weeks.
Priced at 14.99x this year’s forecasted earnings, AAPL shares are relatively inexpensive compared to the industry’s 26.54x forward p/e ratio.
The company pays shareholders $1.88 per share annually in dividends, yielding 2.10%.
Consensus earnings for the current quarter by the 46 sell-side analysts covering the stock is an estimate of $1.34 per share, which would be $0.16 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $6.32 is a $0.64 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $40.44 Billion. If realized, that would be a 7.93% increase over the year-ago quarter.
More recently, Barclays upgraded AAPL from Equal Weight to Overweight (Jul 14, 2014). Previously, ISI Group downgraded AAPL from Strong Buy to Buy.
When considering if the stock is under or overvalued, the average price target is $100.85, which is 5.68% above where the stock opened this morning.
Summary (NASDAQ:AAPL) : Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. It also sells software, services, peripherals, networking solutions, and third-party digital content and applications related to its products. The company offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets based on Apples iOS Multi-Touch operating system; Mac, a line of desktop and portable personal computers; and iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, iPod shuffle, and iPod classic. It also provides Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and various accessories, service and support offerings; and manufactures the Apple LED Cinema Display and Thunderbolt Display. In addition, the company sells various other application software comprising Final Cut Pro, Logic Pro X, and its FileMaker Pro database software, as well as a range of Apple-branded and third-party Mac-compatible, and iOS-compatible peripheral products, including printers, storage devices, computer memory, digital video and still cameras, pointing devices, and various other computing products and supplies. Apple Inc. sells digital content and applications through the iTunes Store, App Store, iBooks Store, and Mac App Store; and its products through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. The company also sells a range of third-party products through its online and retail stores. It serves various consumers, small and mid-sized businesses, as well as education, enterprise, and government customers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.
Tag Helper ~ Stock Code: AAPL | Common Company name: Apple | Full Company name: Apple Inc (NASDAQ:AAPL) .