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

Apple Inc. (NASDAQ:AAPL) – Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for shares of Apple in a report released on Thursday, March 20th. Zacks Research analyst A. Ganguly now anticipates that the iPhone maker will post earnings per share of $2.48 for the quarter, down from their previous 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 posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%.

Several other brokerages have also issued reports on AAPL. Maxim Group lifted their target price on shares of Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research report on Tuesday, January 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Morgan Stanley reduced their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Four equities research 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Price Performance

Apple stock opened at $223.75 on Monday. The stock has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business has a 50-day simple moving average of $231.35 and a 200 day simple moving average of $233.43. Apple has a 52 week low of $164.08 and a 52 week high of $260.10.

Apple Dividend Announcement

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

Institutional Trading of Apple

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

Apple Company Profile

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.