For its third fiscal quarter (ending June 30), Apple Inc (NASDAQ: AAPL) has reported E.P.S. of $1.40 compared to $1.27 a year ago. For the latest four quarters through June 30, E.P.S. were $6.60 versus $5.98 for the same period a year ago.
Recent Price Action
Apple Inc (NASDAQ: AAPL) stock declined modestly by -1.7% on 8/1/24. The stock closed at $218.36. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AAPL is expected to continue to be a major Value Builder.
Apple has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Apple has a neutral Appreciation Score of 46 and a slightly positive Power Rating of 61, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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