News articles about Apple (NASDAQ:AAPL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apple earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the iPhone maker an impact score of 73 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- What to Expect From Qualcomm's Q3 Earnings (finance.yahoo.com)
- $44.67 Billion in Sales Expected for Apple Inc. (NASDAQ:AAPL) This Quarter (americanbankingnews.com)
- Apple Inc. (NASDAQ:AAPL) Short Interest Update (americanbankingnews.com)
- [$$] Micron May Be Headed for a Fall (finance.yahoo.com)
- Apple Inc.’s (AAPL) iPhone 8 Can Feel It: ‘Panic in the Air’ – Yahoo News (finance.yahoo.com)
Several equities analysts have issued reports on the company. UBS AG reiterated a “buy” rating and issued a $175.00 price objective (down previously from $200.00) on shares of Apple in a research report on Tuesday, March 28th. Deutsche Bank AG reiterated a “hold” rating on shares of Apple in a research report on Wednesday. Finally, KeyCorp reiterated a “hold” rating on shares of Apple in a research report on Monday, July 10th. Eleven investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $160.29.
Apple (NASDAQ:AAPL) opened at 149.04 on Friday. Apple has a 1-year low of $94.37 and a 1-year high of $156.65. The firm has a market cap of $777.07 billion, a P/E ratio of 17.48 and a beta of 1.31. The firm’s 50-day moving average price is $150.30 and its 200-day moving average price is $137.42.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.08. Apple had a net margin of 20.74% and a return on equity of 35.09%. The business had revenue of $52.90 billion during the quarter, compared to the consensus estimate of $52.61 billion. Equities research analysts anticipate that Apple will post $8.92 earnings per share for the current fiscal year.
In other Apple news, insider Angela J. Ahrendts sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $147.98, for a total transaction of $11,098,500.00. Following the completion of the transaction, the insider now owns 154,116 shares of the company’s stock, valued at $22,806,085.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luca Maestri sold 6,308 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $141.83, for a total transaction of $894,663.64. Following the transaction, the insider now directly owns 2,665 shares of the company’s stock, valued at approximately $377,976.95. The disclosure for this sale can be found here. Insiders have sold 379,308 shares of company stock valued at $57,391,709 in the last ninety days. Insiders own 0.08% of the company’s stock.
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Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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