Zacks Research Forecasts Apple's Q3 Earnings (NASDAQ:AAPL)

Key Points

• Zacks Research has increased its Q3 2027 earnings per share (EPS) estimate for Apple to $1.96, up from $1.95, with a full-year consensus estimate of $7.28 EPS.
• Several research firms have recently updated their ratings and target prices for Apple, with Goldman Sachs maintaining a "buy" rating and a price target of $266.00.
• Apple's recent quarterly earnings beat consensus estimates, reporting $1.57 EPS and $94.04 billion in revenue, a year-over-year increase of 9.6%.

Apple Inc. (NASDAQ:AAPL - Free Report) - Equities researchers at Zacks Research boosted their Q3 2027 earnings per share (EPS) estimates for Apple in a research report issued on Tuesday, September 23rd. Zacks Research analyst Team now expects that the iPhone maker will post earnings of $1.96 per share for the quarter, up from their previous forecast of $1.95. The consensus estimate for Apple's current full-year earnings is $7.28 per share.

A number of other research firms have also recently commented on AAPL. Wedbush set a $310.00 target price on Apple and gave the company an "outperform" rating in a research note on Monday. Jefferies Financial Group increased their price objective on Apple from $190.67 to $205.82 and gave the company a "hold" rating in a research report on Monday, September 8th. The Goldman Sachs Group reissued a "buy" rating and set a $266.00 price objective on shares of Apple in a report on Tuesday, August 26th. Evercore ISI upped their target price on Apple from $250.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 10th. Finally, DA Davidson reissued a "neutral" rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $244.66.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $252.31 on Thursday. Apple has a one year low of $169.21 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.29, a PEG ratio of 2.64 and a beta of 1.11. The company's fifty day moving average price is $227.04 and its 200-day moving average price is $212.78.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple's revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 earnings per share.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's dividend payout ratio is currently 15.78%.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 34,821 shares of Apple stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Apple

A number of large investors have recently modified their holdings of AAPL. Ryan Investment Management Inc. purchased a new stake in Apple in the second quarter worth $31,000. ROSS JOHNSON & Associates LLC grew 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. Conquis Financial LLC purchased a new stake in Apple in the fourth quarter worth about $63,000. Nexus Investment Management ULC increased its stake in shares of Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker's stock valued at $53,000 after purchasing an additional 200 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of Apple in the 4th quarter worth approximately $65,000. Institutional investors own 67.73% of the company's stock.

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.

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