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Apple's (AAPL) New Capital Plan May be Strategically Timed to Offset Other News

April 5, 2013 12:13 PM EDT Send to a Friend
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Price: $519.01 +0.20%

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    51 Buy, 13 Hold, 3 Sell

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    Up: 34 | Down: 12 | New: 36
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Chatter of a new capital plan for Apple (Nasdaq: AAPL) has been circulating ever since late in 2012, when shares fell well off all-time highs above $700. BTIG is out with a few comments saying that investors might not have that much longer to wait when it comes to a fatter payout.

Analyst Walter Piecyk says Apple will probably announce a new capital plan with second-quarter results (expected April 23rd, post-market), but that the better payout will be bittersweet.

Piecyk expects that revenue for Apple will come in below guidance of $41 billion to $43 billion previously issued. The current Street consensus calls for revs of $42.7 billion and EPS of $10.12.

Piecyk didn't give expectations for what the new payout might be.

Shares of Apple are down over 1 percent Friday. BTIG has Apple at Buy and $540 price target.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $427.72 yesterday.




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