Apple (AAPL) to Release Quarterly Earnings on Thursday

Apple (NASDAQ:AAPL - Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $2.36 per share and revenue of $124.04 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 earnings per share. On average, analysts expect Apple to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Apple Price Performance

Shares of AAPL traded up $8.40 during trading hours on Tuesday, reaching $238.26. The company had a trading volume of 75,610,576 shares, compared to its average volume of 58,701,227. The company has a market capitalization of $3.58 trillion, a price-to-earnings ratio of 39.19, a PEG ratio of 2.19 and a beta of 1.20. Apple has a 12-month low of $164.07 and a 12-month high of $260.10. The firm has a 50 day simple moving average of $240.97 and a 200-day simple moving average of $230.70. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple's payout ratio is 16.45%.

Analysts Set New Price Targets

A number of analysts have commented on AAPL shares. StockNews.com downgraded Apple from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group dropped their price objective on shares of Apple from $286.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, Oppenheimer reissued a "buy" rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $238.05.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.