Wedbush Comments on Apple’s FY2025 Earnings (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) – Analysts at Wedbush increased their FY2025 earnings estimates for Apple in a research note issued on Friday, August 1st. Wedbush analyst D. Ives now anticipates that the iPhone maker will post earnings per share of $7.38 for the year, up from their prior forecast of $6.90. Wedbush has a “Outperform” rating and a $270.00 price objective on the stock. The consensus estimate for Apple’s current full-year earnings is $7.28 per share. Wedbush also issued estimates for Apple’s Q1 2026 earnings at $2.44 EPS, Q2 2026 earnings at $1.78 EPS, Q3 2026 earnings at $1.72 EPS, Q4 2026 earnings at $1.90 EPS and FY2026 earnings at $7.85 EPS.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 earnings per share.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday. Scotiabank cut shares of Apple to a “market perform” rating in a research note on Friday, May 2nd. Citigroup lifted their target price on shares of Apple from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Friday. Barclays lifted their target price on shares of Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $237.25.

Apple Stock Performance

Shares of AAPL stock opened at $202.38 on Monday. The stock has a market cap of $3.02 trillion, a P/E ratio of 30.71, a P/E/G ratio of 2.20 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The company has a fifty day moving average price of $205.37 and a two-hundred day moving average price of $213.50. Apple has a one year low of $169.21 and a one year high of $260.10.

Hedge Funds Weigh In On Apple

Several hedge funds and other institutional investors have recently made changes to their positions in AAPL. Kingstone Capital Partners Texas LLC raised its position in shares of Apple by 573,627.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after buying an additional 205,656,808 shares in the last quarter. Norges Bank acquired a new position in shares of Apple in the 4th quarter valued at approximately $46,868,648,000. Nuveen LLC acquired a new position in shares of Apple in the 1st quarter valued at approximately $17,472,482,000. GAMMA Investing LLC grew its holdings in shares of Apple by 25,934.1% during the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after purchasing an additional 59,835,676 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Apple by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock valued at $349,532,608,000 after purchasing an additional 49,168,843 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,486 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider directly owned 15,533 shares in the company, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 11th will be given a $0.26 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Apple’s payout ratio is presently 15.78%.

Apple announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.