Although the markets have made their comeback from a weak first quarter, some stocks are still slowing that recovery and punishing their shareholders.
24/7 Wall St. has picked out some companies that punished shareholders last week. Among the active stocks, these all issued or had news that pushed shares down. 24/7 Wall St. has included their recent trading history, as well as the 52-week trading range and the consensus analyst price target.
Apple
A week later, investors are still reeling from the fiscal second-quarter financial results Apple Inc. (NASDAQ: AAPL) reported. The stock actually hit a 52-week low on Friday, which dates back to the summer of 2014. Some investors and analysts alike might even think there is a fundamental change going on in the company, as we have seen billionaire investor Carl Icahn exit his position in Apple.
Apple reported $1.90 in earnings per share (EPS) and $50.6 billion in revenue, compared to consensus estimates of $2.00 in EPS and $51.97 billion in revenue, as well as the EPS of $2.33 and revenue of $58.01 billion posted in the same period of last year. For its business segments Apple reported:
- iPhones totaled $32.86 billion in revenue on 51.19 million units.
- iPads totaled $4.41 billion in revenue on 10.25 million units.
- Macs totaled $5.11 billion in revenue on 4.03 million units.
- Services netted revenues of $5.99 billion.
- Other products (including the Apple Watch) netted revenues of $2.19 billion.
Last week, the stock fell less than 1%, which really is not much, but hitting a multiyear low is what really hurts. The stock closed at $92.72 on Friday. Its consensus price target is $126.70. The 52-week trading range is $91.85 to $132.97.
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