$1.43 Earnings Per Share Expected for Apple Inc. (NASDAQ:AAPL) This Quarter

Equities analysts expect that Apple Inc. (NASDAQ:AAPLGet Rating) will report $1.43 earnings per share (EPS) for the current quarter, according to Zacks. Nine analysts have made estimates for Apple’s earnings, with estimates ranging from $1.38 to $1.56. Apple reported earnings of $1.40 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Apple will report full year earnings of $6.16 per share for the current year, with EPS estimates ranging from $5.83 to $6.43. For the next year, analysts expect that the company will report earnings of $6.69 per share, with EPS estimates ranging from $6.25 to $7.29. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Apple.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, January 27th. The iPhone maker reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.21. Apple had a net margin of 26.58% and a return on equity of 149.81%. The firm had revenue of $123.95 billion for the quarter, compared to analyst estimates of $118.53 billion. During the same quarter in the previous year, the business posted $1.68 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year.

A number of brokerages have issued reports on AAPL. Zacks Investment Research reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, March 2nd. StockNews.com initiated coverage on shares of Apple in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Tigress Financial raised their price objective on shares of Apple from $198.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 15th. Piper Sandler upped their target price on shares of Apple from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, January 14th. Finally, UBS Group set a $185.00 price target on Apple in a research note on Monday, April 4th. Seven research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $190.43.

Shares of AAPL opened at $165.07 on Tuesday. Apple has a one year low of $122.25 and a one year high of $182.94. The stock has a 50-day moving average price of $167.19 and a 200 day moving average price of $163.96. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market capitalization of $2.69 trillion, a P/E ratio of 27.33, a P/E/G ratio of 2.15 and a beta of 1.19.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 10th. Investors of record on Monday, February 7th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, February 4th. Apple’s dividend payout ratio is currently 14.57%.

In other Apple news, Director Arthur D. Levinson sold 1,986 shares of the company’s stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $173.29, for a total value of $344,153.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 105,901 shares of Apple stock in a transaction on Monday, April 4th. The shares were sold at an average price of $177.75, for a total value of $18,823,902.75. Following the transaction, the chief operating officer now owns 489,662 shares in the company, valued at $87,037,420.50. The disclosure for this sale can be found here. Insiders sold a total of 162,085 shares of company stock valued at $28,728,085 in the last quarter. 0.06% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Veracity Capital LLC grew its position in Apple by 13.7% in the first quarter. Veracity Capital LLC now owns 36,956 shares of the iPhone maker’s stock worth $6,453,000 after buying an additional 4,447 shares during the last quarter. LCM Capital Management Inc grew its holdings in shares of Apple by 3.6% in the 1st quarter. LCM Capital Management Inc now owns 47,682 shares of the iPhone maker’s stock worth $8,326,000 after acquiring an additional 1,638 shares during the last quarter. Veery Capital LLC grew its holdings in shares of Apple by 9.2% in the 1st quarter. Veery Capital LLC now owns 8,030 shares of the iPhone maker’s stock worth $1,402,000 after acquiring an additional 679 shares during the last quarter. Platt Investment Counsel LLC raised its position in shares of Apple by 27.4% during the first quarter. Platt Investment Counsel LLC now owns 1,707 shares of the iPhone maker’s stock worth $298,000 after purchasing an additional 367 shares during the period. Finally, Key Client Fiduciary Advisors LLC lifted its holdings in shares of Apple by 0.9% during the first quarter. Key Client Fiduciary Advisors LLC now owns 34,082 shares of the iPhone maker’s stock valued at $5,951,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 57.98% of the company’s stock.

Apple Company Profile (Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Read More

Get a free copy of the Zacks research report on Apple (AAPL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.