FY2021 EPS Estimates for Apple Inc. (NASDAQ:AAPL) Boosted by Oppenheimer
Apple Inc. (NASDAQ:AAPL) – Research analysts at Oppenheimer lifted their FY2021 EPS estimates for shares of Apple in a note issued to investors on Tuesday, March 24th. Oppenheimer analyst A. Uerkwitz now anticipates that the iPhone maker will earn $15.88 per share for the year, up from their previous forecast of $15.83. Oppenheimer has a “Outperform” rating and a $320.00 price objective on the stock.
AAPL has been the subject of several other reports. Loop Capital reissued a “hold” rating and issued a $325.00 price objective on shares of Apple in a research report on Wednesday, January 29th. Rosenblatt Securities raised their price objective on shares of Apple from $150.00 to $250.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Goldman Sachs Group boosted their target price on shares of Apple from $265.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Argus reiterated a “buy” rating and set a $350.00 target price (up from $300.00) on shares of Apple in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. set a $350.00 price target on shares of Apple and gave the company a “buy” rating in a report on Monday, March 16th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $305.00.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 28th. The iPhone maker reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.54 by $0.45. Apple had a return on equity of 60.19% and a net margin of 21.49%. The business had revenue of $91.80 billion for the quarter, compared to analyst estimates of $88.41 billion. During the same period in the previous year, the company posted $4.18 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis.
Large investors have recently bought and sold shares of the company. Altshuler Shaham Ltd raised its position in Apple by 2,180.0% during the fourth quarter. Altshuler Shaham Ltd now owns 114 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 109 shares in the last quarter. Sage Financial Group Inc. acquired a new position in shares of Apple during the 4th quarter worth about $36,000. CXI Advisors bought a new stake in shares of Apple in the 4th quarter valued at about $68,000. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Apple in the 4th quarter valued at about $117,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Apple in the 4th quarter valued at about $129,000. Institutional investors own 60.69% of the company’s stock.
In other news, Director Arthur D. Levinson sold 1,429 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.11, for a total value of $434,573.19. Following the sale, the director now owns 1,134,712 shares of the company’s stock, valued at approximately $345,077,266.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by insiders.
Apple Company Profile
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.
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