Analysts Expect Apple (AAPL) to Announce $2.71 Earnings Per Share

Equities research analysts forecast that Apple (NASDAQ:AAPL) will report earnings of $2.71 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Apple’s earnings, with the highest EPS estimate coming in at $2.77 and the lowest estimate coming in at $2.65. Apple posted earnings of $2.10 per share during the same quarter last year, which suggests a positive year over year growth rate of 29%. The company is expected to report its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Apple will report full-year earnings of $11.37 per share for the current fiscal year, with EPS estimates ranging from $10.88 to $11.76. For the next financial year, analysts expect that the business will report earnings of $12.51 per share, with EPS estimates ranging from $10.80 to $14.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Apple.

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Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. Apple’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.36 earnings per share.

A number of equities analysts recently commented on AAPL shares. Macquarie set a $188.00 price objective on shares of Apple and gave the stock a “buy” rating in a research note on Friday, January 26th. ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Barclays reduced their price objective on shares of Apple from $170.00 to $168.00 and set an “equal weight” rating for the company in a research note on Friday, March 16th. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a report on Thursday, January 18th. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $200.00 price target on shares of Apple in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $202.52.

Shares of NASDAQ:AAPL opened at $167.78 on Friday. The company has a market capitalization of $851,317.94, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.25. Apple has a 52 week low of $140.06 and a 52 week high of $183.50. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.

In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the transaction, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its holdings in Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Apple by 50.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 13,228,306 shares of the iPhone maker’s stock valued at $2,238,624,000 after acquiring an additional 4,448,509 shares during the last quarter. Truepoint Inc. raised its holdings in Apple by 15,559.4% in the 3rd quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock valued at $4,437,000 after acquiring an additional 4,408,441 shares during the last quarter. Capital Research Global Investors raised its holdings in Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Apple by 9,166.4% in the 3rd quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock valued at $598,497,000 after acquiring an additional 3,841,842 shares during the last quarter. Hedge funds and other institutional investors own 61.35% of the company’s stock.

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Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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Earnings History and Estimates for Apple (NASDAQ:AAPL)

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