RTT reports that on Thursday, April 28th, the company’s board of directors announced the start of a partial redemption program. The business decided to buy $ 90.00 billion worth of excellent product. This purchase order allows the iPhone operator to purchase back up to 3.5 percent of its product on the open market. Return ideas often indicate that the company executive believes that your product is worthwhile.
A number of research firms recently published reports on the AAPL. Canaccord Genuity Group raised their stock price on Apple from $ 185.00 to $ 200.00 and gave the product a “buy” price in a report on Friday, January 28th. Credit Suisse Group set a $ 169.00 market cap on Apple in a report on Friday. Cowen raised their’s price target on Apple from $ 180.00 to $ 200.00 in a report on Friday, January 28th. JPMorgan Chase & Co. reduced their’s price target on Apple from $ 205.00 to $ 200.00 in a report on Friday. Finally, Morgan Stanley dropped their stock price on Apple from $ 210.00 to $ 195.00 and set an “overweight” rating on the market in a report on Friday. Eight analysts have rated the stock with a fixed price, six have offered a buy rating and one has made a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus estimate of “Buy” and a market cap of $ 189.10.
Shares of Apple stock opened at $ 157.65 on Friday. The product has a 50 day simple moving average of $ 165.70 and a simple 200 day moving average of $ 164.93. Apple has a 52-week low of $ 122.25 and a 52-week high of $ 182.94. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.04 and a speed ratio of 1.00. The company has a market cap of $ 2.57 trillion, a price-to-earnings ratio of 26.10, a P / E / G ratio of 2.16 and a beta of 1.19.
Apple (NASDAQ: AAPL – Get Rating) released its earnings results on Thursday, April 28th. IPhone maker reported $ 1.52 earnings per share, higher than Thomson Reuters’s earnings estimate of $ 1.43 through $ 0.09. Apple has a return on equity of 149.81% and an average margin of 26.58%. The company had revenues of $ 97.28 billion during the quarter, compared to analyst estimates of $ 93.99 billion. At the same time last year, the company received $ 1.40 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, statistical analysis analysts predict that Apple will post 6.16 earnings per share for next year.
The business also recently announced a quarterly distribution, which will pay off on Thursday, May 12th. Investors of the record on Monday, May 9th will be a $ 0.23 dividend. This is a positive change from Apple’s previous quarterly earnings of $ 0.22. This represents an annual dividend of $ 0.92 and a yield of 0.58%. Apple’s payroll is 14.57%.
In other news, CEO Arthur D. Levinson sold 1,986 shares of the company’s stock in trading held Tuesday, February 1st. The product was sold at an average price of $ 173.29, for a total transaction of $ 344,153.94. The sale was made public in a document mailed with the Securities & Exchange Commission, which is available through the SEC website. In particular, SVP Deirdre O’brien sold 8,000 shares of the stock market in a transaction held on Monday, April 18th. The product was sold at an average price of $ 164.91, for a total value of $ 1,319,280.00. Following the transaction, the Vice President now owns 136,290 shares of the company’s stock, valued at $ 22,475,583.90. An introduction to this sale can be found here. Over the last quarter, stocks traded 170,085 shares of the stock market at $ 30,047,365. The company owns 0.06% of the company’s product.
Apple Inc. designs, manufactures, and manufactures smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells a variety of related services. In addition, the company offers the iPhone, a line of smartphones; Mac, line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, on-ear wireless headset; and wearables, home, and accessories including AirPods, Apple TV, Apple Watch, Beats Products, HomePod, and iPod touch.