DA Davidson Forecasts Apple's FY2026 Earnings (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL - Free Report) - Investment analysts at DA Davidson decreased their FY2026 EPS estimates for Apple in a research note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now forecasts that the iPhone maker will earn $7.93 per share for the year, down from their prior estimate of $8.31. DA Davidson has a "Buy" rating and a $230.00 price target on the stock. The consensus estimate for Apple's current full-year earnings is $7.28 per share.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results 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%.

AAPL has been the topic of a number of other research reports. UBS Group raised their target price on Apple to $236.00 and gave the company a "buy" rating in a report on Monday, April 14th. Evercore ISI boosted their target price on shares of Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Bank of America reduced their price target on shares of Apple from $265.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Maxim Group boosted their price objective on shares of Apple to $215.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Finally, TD Cowen reiterated a "buy" rating on shares of Apple in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $235.85.

Apple Stock Performance

NASDAQ:AAPL traded down $6.12 during midday trading on Thursday, reaching $190.86. The stock had a trading volume of 18,999,926 shares, compared to its average volume of 56,678,264. The stock has a market capitalization of $2.87 trillion, a P/E ratio of 30.30, a PEG ratio of 2.44 and a beta of 1.26. Apple has a 1-year low of $164.77 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm's fifty day simple moving average is $219.65 and its 200-day simple moving average is $230.13.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 0.52%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio (DPR) is 15.87%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC raised its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the period. Life Planning Partners Inc bought a new position in Apple in the fourth quarter valued at approximately $47,000. Conquis Financial LLC acquired a new position in shares of Apple in the fourth quarter valued at approximately $63,000. Finally, LSV Asset Management bought a new stake in shares of Apple during the fourth quarter worth $65,000. 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.