Brokerages forecast that Apple Inc. (NASDAQ:AAPL) will post earnings per share of $3.75 for the current quarter, according to Zacks. Six analysts have issued estimates for Apple’s earnings, with estimates ranging from $3.68 to $3.83. Apple reported earnings per share of $3.36 during the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The company is scheduled to issue its next earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Apple will report full-year earnings of $11.18 per share for the current financial year, with EPS estimates ranging from $10.39 to $13.00. For the next year, analysts expect that the business will report earnings of $11.58 per share, with EPS estimates ranging from $9.70 to $13.26. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Apple.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS.

AAPL has been the topic of several recent research reports. Barclays reaffirmed a “hold” rating and issued a $146.00 price objective on shares of Apple in a research note on Monday, September 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Apple in a research note on Monday, September 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $194.00 price objective (up previously from $182.00) on shares of Apple in a research note on Tuesday, September 12th. Mizuho set a $160.00 price objective on shares of Apple and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective on the stock. in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. Apple presently has a consensus rating of “Buy” and an average price target of $197.57.

In other Apple news, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the sale, the insider now owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The disclosure for this sale can be found here. Insiders sold 232,967 shares of company stock valued at $37,944,683 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC increased its position in Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares during the period. Harbour Capital Advisors LLC increased its position in Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock worth $31,352,000 after acquiring an additional 4,483,360 shares during the period. Truepoint Inc. increased its position in Apple by 15,559.4% during the third quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock worth $4,437,000 after acquiring an additional 4,408,441 shares during the period. Capital Research Global Investors increased its position in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares during the period. Finally, Stifel Financial Corp increased its position in Apple by 9,166.4% during the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock worth $598,497,000 after acquiring an additional 3,841,842 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.

Apple (NASDAQ AAPL) traded down $0.97 during trading on Wednesday, reaching $171.70. 19,405,500 shares of the company’s stock traded hands, compared to its average volume of 27,247,959. The firm has a market cap of $886,541.63, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple has a 52-week low of $113.75 and a 52-week high of $176.24.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.39%.

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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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