News stories about Apple (NASDAQ:AAPL) have trended somewhat positive recently, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Apple earned a media sentiment score of 1.43 on their scale. InfoTrie also assigned news headlines about the iPhone maker an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the companyâ€™s share price in the near term.
These are some of the news stories that may have impacted Appleâ€™s analysis:
NASDAQ AAPL opened at $202.59 on Monday. Apple has a 52 week low of $142.00 and a 52 week high of $233.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.32. The businessâ€™s fifty day moving average is $196.31. The stock has a market cap of $932.13 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.72 and a beta of 1.23.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, April 30th. The iPhone maker reported $2.46 EPS for the quarter, topping the consensus estimate of $2.37 by $0.09. Apple had a return on equity of 51.29% and a net margin of 22.12%. The business had revenue of $58.02 billion for the quarter, compared to analyst estimates of $57.40 billion. During the same quarter in the previous year, the firm earned $2.73 EPS. The companyâ€™s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Apple will post 11.47 earnings per share for the current fiscal year.
Apple announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 30th that allows the company to buyback $75.00 billion in shares. This buyback authorization allows the iPhone maker to purchase up to 7.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the companyâ€™s management believes its shares are undervalued.
A number of equities research analysts recently issued reports on the stock. Credit Suisse Group set a $5.00 price target on shares of Maxar Technologies and gave the company a â€œsellâ€ rating in a research note on Monday, July 15th. Canaccord Genuity lifted their price target on shares of from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the company a â€œholdâ€ rating in a research note on Tuesday, June 4th. HSBC assumed coverage on shares of Canada Goose in a research note on Monday, May 20th. They issued a â€œbuyâ€ rating and a $48.32 price target on the stock. BTIG Research lifted their price target on shares of Apple to $234.00 and gave the company a â€œbuyâ€ rating in a research note on Wednesday, May 1st. Finally, Piper Jaffray Companies lifted their price target on shares of DexCom to $173.00 and gave the company an â€œoverweightâ€ rating in a research note on Wednesday, May 1st. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the companyâ€™s stock. Apple currently has an average rating of â€œHoldâ€ and a consensus price target of $210.82.
In related news, Director Arthur D. Levinson sold 35,000 shares of the firmâ€™s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $210.86, for a total transaction of $7,380,100.00. Following the completion of the sale, the director now directly owns 1,168,283 shares of the companyâ€™s stock, valued at approximately $246,344,153.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 56,411 shares of the firmâ€™s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $210.36, for a total value of $11,866,617.96. Following the sale, the chief operating officer now directly owns 151,187 shares of the companyâ€™s stock, valued at $31,803,697.32. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by company insiders.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
Further Reading: Percentage Decliners
Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.