Wall Street brokerages predict that Apple Inc. (NASDAQ:AAPL) will announce $4.74 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Apple’s earnings, with the lowest EPS estimate coming in at $4.62 and the highest estimate coming in at $4.90. Apple posted earnings per share of $3.89 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.9%. The company is scheduled to report its next quarterly earnings report on Thursday, February 7th.

On average, analysts expect that Apple will report full year earnings of $13.32 per share for the current financial year, with EPS estimates ranging from $11.91 to $14.15. For the next year, analysts expect that the business will report earnings of $14.77 per share, with EPS estimates ranging from $13.05 to $16.34. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Apple.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $62.90 billion during the quarter, compared to analyst estimates of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS.

A number of equities research analysts have issued reports on the stock. HSBC lowered shares of Apple from a “buy” rating to a “hold” rating and set a $181.37 target price for the company. in a research note on Sunday. Morgan Stanley cut their price target on shares of Apple from $253.00 to $236.00 and set an “overweight” rating on the stock in a report on Friday. Rosenblatt Securities set a $165.00 price target on shares of Apple and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. set a $266.00 price target on shares of Apple and gave the company a “buy” rating in a report on Friday, November 30th. Finally, Canaccord Genuity cut their price target on shares of Apple from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Four analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and twenty-four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $219.47.

In other news, SVP Angela J. Ahrendts sold 14,194 shares of the business’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $227.96, for a total transaction of $3,235,664.24. Following the transaction, the senior vice president now owns 105,538 shares in the company, valued at approximately $24,058,442.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $190.00, for a total transaction of $647,520.00. Following the transaction, the insider now owns 8,940 shares in the company, valued at approximately $1,698,600. The disclosure for this sale can be found here. Insiders sold a total of 204,845 shares of company stock worth $47,015,677 in the last quarter. Insiders own 0.08% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Chessman Wealth Strategies RIA acquired a new stake in shares of Apple during the 1st quarter valued at about $205,000. Bamco Inc. NY boosted its position in shares of Apple by 161.4% during the 1st quarter. Bamco Inc. NY now owns 119,935 shares of the iPhone maker’s stock valued at $20,123,000 after acquiring an additional 74,058 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Apple by 7.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,016,882 shares of the iPhone maker’s stock valued at $170,612,000 after acquiring an additional 74,596 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Apple during the 1st quarter valued at about $39,354,000. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Apple during the 1st quarter valued at about $54,738,000. Institutional investors own 57.14% of the company’s stock.

Shares of NASDAQ:AAPL opened at $168.49 on Monday. The firm has a market cap of $828.15 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 1.21 and a beta of 1.20. Apple has a 12-month low of $150.24 and a 12-month high of $233.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.09.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 12th were issued a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.92 annualized dividend and a yield of 1.73%. Apple’s dividend payout ratio (DPR) is presently 24.52%.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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