FY2026 Earnings Forecast for Apple Issued By Zacks Research

Apple Inc. (NASDAQ:AAPL - Free Report) - Equities researchers at Zacks Research dropped their FY2026 earnings estimates for Apple in a note issued to investors on Thursday, May 22nd. Zacks Research analyst A. Ganguly now anticipates that the iPhone maker will post earnings per share of $7.58 for the year, down from their prior estimate of $7.85. The consensus estimate for Apple's current full-year earnings is $7.28 per share.

AAPL has been the topic of several other reports. Evercore ISI boosted their price objective on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. decreased their target price on shares of Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group decreased their price objective on shares of Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer lowered shares of Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Finally, Loop Capital decreased their price objective on shares of Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average price target of $235.80.

Apple Stock Performance

AAPL traded up $0.66 during trading on Monday, hitting $200.87. The stock had a trading volume of 23,468,951 shares, compared to its average volume of 56,128,751. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market capitalization of $3.00 trillion, a P/E ratio of 31.91, a PEG ratio of 2.44 and a beta of 1.27. The company's 50-day moving average price is $204.36 and its 200 day moving average price is $225.54. Apple has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.53 earnings per share.

Institutional Trading of Apple

A number of hedge funds have recently made changes to their positions in AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter worth approximately $25,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the period. Life Planning Partners Inc acquired a new position in Apple in the fourth quarter worth $47,000. Elite Financial Inc. acquired a new position in Apple in the first quarter worth $58,000. Finally, Conquis Financial LLC acquired a new position in Apple in the fourth quarter worth $63,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider now owns 15,533 shares in the company, valued at $3,233,815.27. This trade represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now owns 4,569 shares in the company, valued at $941,214. This represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 191,507 shares of company stock worth $42,694,080. Company insiders own 0.06% of the company's stock.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a $0.26 dividend. This is a positive change from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 0.52%. Apple's dividend payout ratio (DPR) is presently 16.20%.

Apple announced that its board has initiated a share repurchase plan on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

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.