$2.72 Earnings Per Share Expected for Apple Inc. (AAPL) This Quarter

Wall Street brokerages expect Apple Inc. (NASDAQ:AAPL) to post $2.72 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Apple’s earnings, with the lowest EPS estimate coming in at $2.66 and the highest estimate coming in at $2.77. Apple posted earnings per share of $2.10 in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.5%. The firm is expected to issue its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Apple will report full-year earnings of $11.40 per share for the current year, with EPS estimates ranging from $10.88 to $11.85. For the next year, analysts expect that the firm will post earnings of $12.63 per share, with EPS estimates ranging from $10.80 to $14.50. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Apple.

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

A number of research analysts recently commented on the company. BMO Capital Markets cut Apple from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $162.00 to $166.00 in a report on Wednesday, January 31st. ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein cut Apple from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $170.00 in a research note on Friday, February 2nd. Morningstar set a $170.00 price target on Apple and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, William Blair restated an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $201.72.

Apple (NASDAQ:AAPL) opened at $159.54 on Thursday. Apple has a twelve month low of $131.12 and a twelve month high of $180.10. The company has a market capitalization of $809,510.00, a P/E ratio of 16.41, a P/E/G ratio of 1.19 and a beta of 1.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a yield of 1.58%. Apple’s payout ratio is currently 25.93%.

In other Apple news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,412 shares of company stock valued at $22,115,155. 0.06% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Blue Sky Asset Management LLC purchased a new stake in Apple in the 2nd quarter worth approximately $108,000. FNY Managed Accounts LLC grew its stake 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 period. Private Vista LLC purchased a new stake in Apple in the 2nd quarter worth approximately $122,000. Armbruster Capital Management Inc. grew its stake 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 period. Finally, Crow Point Partners LLC grew its stake in Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after acquiring an additional 500 shares during the period. 60.23% of the stock is owned by institutional investors.

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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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