Apple moved 0.1% this afternoon session, trading between a high of $174.01 and a low of $169.94 per share. Yesterday the stock finished at $172.88 per share, compared to an average analyst target price of $187.73.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The large-cap computer manufacturing company is based in the United States, and over the last twelve months it has returned a dividend yield of 0.5%. Apple has trailing twelve months earnings per share (EPS) of 5.96, which at today's prices amounts to a price to earnings (P/E) ratio of 29.0.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 4.33. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-10-28 | 394,328,000 | -223,546,000 | 43 | 2.38 |
| 2021-10-29 | 365,817,000 | -212,981,000 | 42 | 10.53 |
| 2020-10-30 | 274,515,000 | -169,559,000 | 38 | 0.0 |
| 2019-10-31 | 260,174,000 | -161,782,000 | 38 | 0.0 |
| 2018-11-05 | 265,595,000 | -163,756,000 | 38 | 0.0 |
| 2017-11-03 | 229,234,000 | -141,048,000 | 38 |
Apple's 39.5% average gross margins are thinner than the 36.39% average of the Computer Hardware industry, implying that the firm might be lacking in competitivity.
