KeyCorp Forecasts Apple’s Q3 Earnings (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) – Equities research analysts at KeyCorp increased their Q3 2026 earnings per share estimates for shares of Apple in a research report issued to clients and investors on Monday, July 13th. KeyCorp analyst B. Nispel now forecasts that the iPhone maker will earn $1.93 per share for the quarter, up from their prior estimate of $1.89. KeyCorp has a “Underweight” rating and a $250.00 price objective on the stock. The consensus estimate for Apple’s current full-year earnings is $8.76 per share. KeyCorp also issued estimates for Apple’s Q4 2026 earnings at $2.12 EPS and FY2026 earnings at $8.91 EPS.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 earnings per share.

AAPL has been the subject of several other reports. Maxim Group reaffirmed a “buy” rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Needham & Company LLC restated a “hold” rating on shares of Apple in a report on Tuesday, June 9th. Monness Crespi & Hardt boosted their price target on Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Barclays restated an “underweight” rating on shares of Apple in a report on Tuesday, June 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Apple in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $318.43.

Apple Stock Up 0.1%

NASDAQ:AAPL opened at $333.74 on Thursday. The company has a market cap of $4.90 trillion, a PE ratio of 40.36, a PEG ratio of 2.89 and a beta of 1.10. The stock has a 50-day simple moving average of $303.61 and a 200 day simple moving average of $277.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple has a 52-week low of $201.50 and a 52-week high of $334.99.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.3%. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is currently 13.06%.

Insider Activity

In other Apple news, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,924 shares of company stock worth $825,546. Insiders own 0.06% of the company’s stock.

Institutional Trading of Apple

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Apple during the 4th quarter worth $52,266,468,000. Nuveen LLC bought a new stake in shares of Apple during the 1st quarter valued at $17,472,482,000. Cardano Risk Management B.V. increased its position in shares of Apple by 890.7% in the fourth quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock worth $11,413,990,000 after purchasing an additional 37,746,784 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of Apple by 20,464.8% in the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock worth $5,553,753,000 after purchasing an additional 26,937,401 shares during the period. Finally, Vanguard Group Inc. raised its stake in Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: HSBC upgraded Apple Inc. (NASDAQ: AAPL) to Buy and raised its price target to $366 from $260, saying the company is at an operational turning point with AI features and hardware momentum supporting growth. HSBC upgrades Apple to Buy, sees “strong cycle ahead”
• Positive Sentiment: China approved Apple Intelligence for iPhones, and Apple will integrate Alibaba’s Qwen AI model in its China rollout, a key step that could expand Apple’s AI adoption in one of its most important markets. Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
• Positive Sentiment: Multiple reports say Apple briefly overtook Nvidia in market value, reinforcing the view that investors are rotating toward Apple’s consumer execution and away from some AI-heavy names. Apple closes in on Nvidia in race for world’s most valuable company
• Positive Sentiment: Several commentaries highlighted Apple’s cash generation, shareholder returns, and robotics/innovation efforts, supporting the bullish “cash flow machine” and diversification narrative. Apple’s Core Business Cash Flow Machine Will Support Innovation and Diversification

Apple Company Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.