Apple Inc. (NASDAQ:AAPL): Performance Review And Growth Outlook – Marketing Sentinel

Apple Inc. (NASDAQ:AAPL): Performance Review And Growth Outlook

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Analysts gave the Apple Inc. (AAPL) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that 2 out of 43 analysts rate the stock as a Sell, with a further 5 assigning it an Overweight rating. Of the remaining, 10 recommended AAPL as a Hold, 25 felt it is a Buy and 1 rated the stock as Underweight. Apple Inc.’s EPS for the current quarter is expected to be $0.98.

Apple Inc. (NASDAQ:AAPL) trade information

Although AAPL has turned red as seen in intraday trades today. With action -1.64%, the performance over the past five days has been red. The jump to weekly highs of $122.9 on Wednesday, Mar 24 added 3.15% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.1%, with the 5-day performance at -0.03% in the red. However, in the 30-day time frame, Apple Inc. (NASDAQ:AAPL) is -0.02% down. Looking at the short shares, we see there were 107.01 Million shares sold at short interest cover period of 0.97 days.

The consensus price target for the stock as assigned by Wall Street analysts is $151.09, meaning bulls need an upside of 26.55% from its recent market value. According to analyst projections, AAPL’s forecast low is $83 with $175 as the target high. To hit the forecast high, the stock’s price needs a +46.58% upsurge from its latest level, while the stock would need to tank -30.48% for it to hit the projected low.

Apple Inc. (AAPL) estimates and forecasts

Data shows that the Apple Inc. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +8.11% over the past 6 months, a 36.59% in annual growth rate that is considerably lower than the industry average of 40.6%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Apple Inc. will rise +53.1%, while the growth in revenue is estimated to hit 28.1% for the next quarter. Year-over-year growth is forecast to reach 21.5% up from the last financial year.

Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of $76.92 Billion. 25 analysts are of the opinion that Apple Inc.’s revenue for the quarter ending June 01, 2021 will be $68.83 Billion. The company’s revenue for the corresponding quarters a year ago was $58.31 Billion and $59.69 Billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.9%. The estimates for the next quarter sales put growth at 15.3%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.3%. The 2021 estimates are for Apple Inc. earnings to increase by 10.2%, but the outlook for the next 5-year period is at 14.69% per year.

AAPL Dividends

Apple Inc. is expected to release its next quarterly earnings report around April 28 – May 03, 2021. The 0.68% annual yield figure for the share gives it an annual dividend of 0.82. It is important to note, however, that the 0.68% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.42% per year.

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Apple Inc. (NASDAQ:AAPL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.08% of Apple Inc. shares while 59.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.83%. There are 4868 institutions holding the Apple Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2020, the company held 7.48% of the shares, roughly 1.26 Billion AAPL shares worth $166.55 Billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.29% or 1.06 Billion shares worth $140.18 Billion as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 431000000 shares estimated at $57.22 Billion under it, the former controlled 2.57% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 1.91% of the shares, roughly 320.24 Million shares worth around $42.49 Billion.

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