Zacks: Analysts Anticipate Apple Inc. (AAPL) Will Post Earnings of $3.77 Per Share

Equities analysts expect Apple Inc. (NASDAQ:AAPL) to announce $3.77 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Apple’s earnings. The lowest EPS estimate is $3.68 and the highest is $3.88. Apple posted earnings per share of $3.36 during the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The company is scheduled to issue its next earnings results after the market closes on Thursday, February 1st.

On average, analysts expect that Apple will report full-year earnings of $11.16 per share for the current fiscal year, with EPS estimates ranging from $10.39 to $13.00. For the next year, analysts anticipate that the firm will post earnings of $11.58 per share, with EPS estimates ranging from $9.70 to $13.34. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Apple.

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

A number of research analysts have commented on the company. Mizuho reaffirmed a “neutral” rating and issued a $175.00 price objective (up from $160.00) on shares of Apple in a report on Friday. Zacks Investment Research lowered Apple from a “buy” rating to a “hold” rating in a report on Friday. Barclays set a $174.00 price objective on Apple and gave the company a “neutral” rating in a report on Thursday. Bank of America lowered Apple from a “buy” rating to a “neutral” rating and upped their price objective for the company from $180.00 to $220.00 in a report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating on shares of Apple in a report on Friday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $200.59.

In other Apple news, insider Johny Srouji sold 10,368 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the transaction, the insider now directly owns 81,560 shares in the company, valued at $14,246,900.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock worth $22,115,155 over the last ninety days. 0.08% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of AAPL. Janus Henderson Group PLC raised its position in shares of 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 last quarter. Harbour Capital Advisors LLC raised its position in shares of 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 last quarter. Truepoint Inc. raised its position in shares of 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 last quarter. Capital Research Global Investors raised its position in shares of 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 last quarter. Finally, Stifel Financial Corp raised its position in shares of 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 last quarter. Hedge funds and other institutional investors own 60.19% of the company’s stock.

Shares of Apple (NASDAQ:AAPL) traded down $0.80 during midday trading on Friday, reaching $178.46. The company’s stock had a trading volume of 30,827,809 shares, compared to its average volume of 25,680,000. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple has a 52-week low of $119.50 and a 52-week high of $180.10. The firm has a market cap of $916,270.00, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.

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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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