Company Update: Apple Inc (NASDAQ:AAPL) – Skyworks Growth Threatened By ‘Unfavorable’ Apple iPhone Comparison

[at Investor’s Business Daily] – Skyworks Solutions (SWKS) is “rebuilding” after Apple’s (AAPL) iPhone flop last quarter but is still looking at double-digit growth in the second half of 2016, MKM analyst Ian Ing wrote in a … Read more on this. Apple Inc. (AAPL) , valued at $509.95B, started the session at $93.96. Looking at the stock, its one day range is $92.40 to $94.08 with its 52-week range being $92.00 to $132.97. Priced at 11.25x this year’s forecasted earnings, AAPL shares are relatively expensive compared to the industry’s 10.23x forward p/e ratio. The company pays shareholders $2.28 per share annually in dividends, yielding 2.43%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $1.40 per share, which would be $0.45 worse than the year-ago quarter and a $0.38 sequential decrease. The full-year EPS estimate is $8.33 which would be a $0.89 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.34 Billion. If reported, that would be a 14.64% decrease over the year-ago quarter. In terms of ratings, 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 is $126.70, which is 34.84% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Company Update (NASDAQ:AAPL): Will Apple Supplier Skyworks Kick Off 2016 Chip M&A With Maxim Buy? Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Market Update: Apple Inc (NASDAQ:AAPL) – More analysts join the herd cutting Apple iPhone estimates