Analysts forecast that Apple Inc. (NASDAQ:AAPL) will post earnings of $3.75 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Apple’s earnings, with estimates ranging from $3.68 to $3.83. Apple posted earnings per share of $3.36 during the same quarter last year, which would indicate a positive year over year growth rate of 11.6%. The business is scheduled to issue its next earnings report after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that Apple will report full-year earnings of $11.18 per share for the current year, with EPS estimates ranging from $10.39 to $13.00. For the next fiscal year, analysts forecast that the firm 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 research firms that that provide coverage for Apple.

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

A number of equities analysts recently commented on AAPL shares. Citigroup reiterated a “buy” rating and issued a $200.00 price target on shares of Apple in a research note on Wednesday, December 13th. Drexel Hamilton reiterated a “buy” rating and issued a $208.00 price target on shares of Apple in a research note on Tuesday, October 24th. Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price target (up from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $171.48 price target for the company. in a research note on Monday, October 30th. Finally, Nomura set a $185.00 price target on Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $198.94.

Apple (NASDAQ:AAPL) traded up $0.93 during trading hours on Tuesday, reaching $178.01. The company had a trading volume of 11,730,000 shares, compared to its average volume of 26,140,000. The firm has a market capitalization of $913,980.00, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23. Apple has a fifty-two week low of $118.22 and a fifty-two week high of $179.39. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73.

In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction on Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the completion of the sale, the insider now directly owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,412 shares of company stock worth $22,115,155. 0.06% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in AAPL. Janus Henderson Group PLC lifted its position in Apple by 301.3% during the 2nd 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 last quarter. Harbour Capital Advisors LLC lifted its position in Apple by 14,030.2% during the 2nd 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 last quarter. Truepoint Inc. lifted its position in Apple by 15,559.4% during the 3rd 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 last quarter. Capital Research Global Investors lifted its position in Apple by 15.0% during the 2nd 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 last quarter. Finally, Stifel Financial Corp lifted its position in Apple by 9,166.4% during the 3rd 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 last quarter. 60.19% of the stock is owned by institutional investors and hedge funds.

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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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