Zacks Research Comments on Apple’s Q1 Earnings (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) – Analysts at Zacks Research cut their Q1 2027 earnings per share (EPS) estimates for Apple in a note issued to investors on Thursday, March 20th. Zacks Research analyst A. Ganguly now expects that the iPhone maker will post earnings per share of $2.48 for the quarter, down from their prior forecast of $2.51. The consensus estimate for Apple’s current full-year earnings is $7.28 per share. Zacks Research also issued estimates for Apple’s FY2027 earnings at $8.94 EPS.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%.

Several other analysts also recently issued reports on the stock. Redburn Partners set a $230.00 target price on Apple in a research report on Friday, January 31st. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Finally, DA Davidson set a $290.00 price target on Apple in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Stock Up 1.1 %

Shares of NASDAQ:AAPL opened at $220.73 on Monday. Apple has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $231.54 and a 200 day moving average price of $233.41. The company has a market cap of $3.32 trillion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.44 and a beta of 1.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Avant Financial Advisors LLC acquired a new position in shares of Apple during the 4th quarter worth about $4,499,000. Fire Capital Management LLC bought a new position in shares of Apple in the fourth quarter worth $3,710,000. Fulcrum Equity Management boosted its position in shares of Apple by 1.4% during the 4th quarter. Fulcrum Equity Management now owns 5,510 shares of the iPhone maker’s stock worth $1,380,000 after acquiring an additional 77 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Apple during the 4th quarter worth $5,077,000. Finally, Prostatis Group LLC grew its holdings in shares of Apple by 28.9% during the 4th quarter. Prostatis Group LLC now owns 26,406 shares of the iPhone maker’s stock valued at $6,613,000 after purchasing an additional 5,918 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s payout ratio is presently 15.87%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.