Stock Update (NASDAQ:AAPL): Apple Investors: Watch Jabil Circuit’s Earnings Report

[at TheStreet] – Jabil Circuit makes components for Apple’s iPhones, and its guidance will affect the performances of both stocks. Read more on this. Apple Inc. (AAPL) , with a current market cap of $537.31B, ended session yesterday at $97.46. Today, shares have traded between $97.80 and $98.16 per share and has traded between $89.47 and $132.97 over the past year. Priced at 11.77x this year’s forecasted earnings, AAPL shares are relatively inexpensive compared to the industry’s 14.81x forward p/e ratio. The company pays shareholders $2.28 per share in dividend income per year, for a current yield of 2.31%. According to a consensus of 37 analysts, the earnings estimate of $1.39 per share would be $0.46 worse than the year-ago quarter and a $0.38 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $8.28 would be a $0.94 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.43 Billion. If realized, that would be a 14.46% decrease over the year-ago quarter. Recently, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. Given all the information above, we should disclose to readers that the average price target is $124.93, which is 28.19% above than it opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Stock Update: Apple Inc (NASDAQ:AAPL) – Apple Watch Sales Could Tank This Year With No Big Redesign Company Update: Apple Inc (NASDAQ:AAPL) – Fitbit to launch full Apple Watch rival with longer battery life Market Update (NASDAQ:AAPL): Apple’s Big Problem With The Apple Watch Must Be Fixed