Q1 Earnings Estimate for Apple Issued By Zacks Research

Apple Inc. (NASDAQ:AAPL) – Zacks Research cut their Q1 2027 earnings per share (EPS) estimates for Apple in a research note issued to investors on Thursday, March 20th. Zacks Research analyst A. Ganguly now expects that the iPhone maker will earn $2.48 per share for the quarter, down from their prior estimate of $2.51. The consensus estimate for Apple’s current full-year earnings is $7.28 per share. Zacks Research also issued estimates for Apple’s FY2027 earnings at $8.94 EPS.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%.

AAPL has been the topic of several other research reports. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research note on Friday, March 14th. Evercore ISI increased their price objective on shares of Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Morgan Stanley lowered their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Barclays raised their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Finally, Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $243.65.

Apple Trading Up 1.4 %

Shares of AAPL stock opened at $223.75 on Monday. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a fifty day moving average price of $231.35 and a 200-day moving average price of $233.43. Apple has a 1 year low of $164.08 and a 1 year high of $260.10.

Hedge Funds Weigh In On Apple

Hedge funds have recently bought and sold shares of the business. Drystone LLC bought a new stake in Apple during the 4th quarter valued at about $25,000. Bull Oak Capital LLC grew its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Conquis Financial LLC bought a new stake in Apple during the 4th quarter valued at $63,000. LSV Asset Management bought a new position in shares of Apple during the 4th quarter worth $65,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the third quarter valued at about $71,000. Institutional investors own 67.73% of the company’s stock.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio is 15.87%.

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.