Stock Update: Apple Inc (NASDAQ:AAPL) – Ex-Apple CEO Sculley on the Futures of Amazon, Facebook and Google

[at TheStreet] – Despite John Sculley leaving as Apple’s chief over 20 years ago, it’s pretty clear that he is still very well connected to what’s happening at today’s biggest tech companies. Read more on this. Apple Inc. (AAPL) , with a current value of $515.97B, began trading this morning at $94.56. Looking at the stock, its one day range is $93.57 to $94.67 with a one year range of $89.47 to $132.97. AAPL shares are currently priced at 11.42x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.52x earnings multiple for the same period. The company pays shareholders $2.28 per share in dividend income per year, for a current yield of 2.43%. According to a consensus of 36 analysts, the earnings estimate of $1.40 per share would be $0.45 worse than the year-ago quarter and a $0.37 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $8.28, which would be a $0.94 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.18 Billion. If realized, that would be a 14.96% 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 $126.25, which is 33.51% above than it opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Stock Update: Apple Inc (NASDAQ:AAPL) – Volkswagen says not in talks with Apple or Google Company Update: Apple Inc (NASDAQ:AAPL) – Apple, Facebook Among Top Technology Investment Choices Stock Update (NASDAQ:AAPL): Why Google and Apple Make Strange Bedfellows When It Comes to Privacy