Apple Inc. (AAPL) Expected to Announce Quarterly Sales of $85.80 Billion

Equities research analysts predict that Apple Inc. (NASDAQ:AAPL) will post $85.80 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Apple’s earnings, with estimates ranging from $84.01 billion to $87.44 billion. Apple reported sales of $78.35 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The business is scheduled to report its next earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Apple will report full year sales of $85.80 billion for the current financial year, with estimates ranging from $251.71 billion to $306.81 billion. For the next fiscal year, analysts anticipate that the company will post sales of $270.83 billion per share, with estimates ranging from $242.88 billion to $296.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Apple.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.

AAPL has been the topic of a number of research reports. Barclays restated a “hold” rating and set a $146.00 price objective on shares of Apple in a research report on Monday, September 4th. Wells Fargo & Company restated a “market perform” rating and set a $195.00 price objective on shares of Apple in a research report on Tuesday, November 14th. Royal Bank of Canada boosted their price objective on Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. UBS set a $190.00 price objective on Apple and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $190.00 price objective on shares of Apple in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $197.57.

In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $2,654,121.29. Following the sale, the insider now directly owns 17,341 shares in the company, valued at $2,942,594.29. The disclosure for this sale can be found here. Insiders sold 232,967 shares of company stock worth $37,944,683 over the last three months. 0.08% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of AAPL. Blue Sky Asset Management LLC purchased a new position in shares of Apple during the second quarter valued at approximately $108,000. Hefty Wealth Partners lifted its holdings in shares of Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares during the last quarter. FNY Managed Accounts LLC raised its holdings in Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the last quarter. Private Vista LLC purchased a new position in Apple in the 2nd quarter worth approximately $122,000. Finally, Armbruster Capital Management Inc. raised its holdings in Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares during the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apple (NASDAQ AAPL) traded up $1.33 during mid-day trading on Friday, reaching $173.55. The company had a trading volume of 23,284,178 shares, compared to its average volume of 27,205,639. The company has a market cap of $884,487.94, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.38 and a beta of 1.22. Apple has a twelve month low of $114.76 and a twelve month high of $176.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.45%. Apple’s payout ratio is presently 27.39%.

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About Apple

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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