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Stock Update (NASDAQ:AAPL): Apple iPhone 7: Cirrus Logic Gains 50 Cents On External Speaker

[at Investor’s Business Daily] – Cirrus Logic’s (CRUS) Apple (AAPL) iPhone content will grow by 50 cents per unit on an external speaker expected to be unveiled in the iPhone 7 iteration in September, Canaccord Genuity analyst Matthew … Read more on this. Apple Inc. (AAPL) , currently valued at $525.34B, started trading this morning at $95.00. Looking at today’s market, AAPL one day range is $94.68 to $96.35 and has traded between $89.47 and $132.97 over the past 12 months. AAPL shares are currently priced at 11.50x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.04x earnings multiple for the same period. The company pays shareholders $2.28 per share in dividend income per year, for a current yield of 2.39%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $1.39 per share, which would be $0.46 worse than the year-ago quarter and a $0.39 sequential decrease. The full-year EPS estimate is $8.27, which would be a $0.95 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.39 Billion. If reported, that would be a 14.54% decrease over the year-ago quarter. More recently, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. The average price target for AAPL shares by the analysts covering it is $124.79, which is 31.36% above where the stock opened. See more in (NASDAQ:AAPL) Similar Articles: Market Update (NASDAQ:AAPL): Shares of Cirrus Logic slide after major customer Apple misses estimates Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Stock Update: Apple Inc (NASDAQ:AAPL) – AT&T supports Apple in U.S. iPhone encryption dispute
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