Zacks Research Has Bearish Estimate for Apple Q1 Earnings

Apple Inc. (NASDAQ:AAPL) – Stock analysts at Zacks Research reduced their Q1 2027 EPS estimates for shares of Apple in a research report issued 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 previous estimate 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.

Other equities research analysts have also recently issued reports about the company. Argus upgraded Apple to a “strong-buy” rating in a report on Friday, January 31st. Redburn Partners set a $230.00 price target on Apple in a research note on Friday, January 31st. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company raised their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, DA Davidson set a $290.00 price objective on shares of Apple in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $220.73 on Monday. The company’s fifty day moving average price is $231.54 and its 200-day moving average price is $233.41. The firm has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.44 and a beta of 1.18. Apple has a one year low of $164.08 and a one 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.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%.

Apple Announces Dividend

The business also recently disclosed 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 yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Institutional Investors Weigh In On Apple

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AMF Tjanstepension AB grew its holdings in shares of Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares in the last quarter. Foresight Capital Management Advisors Inc. increased its position in shares of Apple by 4.3% during the third quarter. Foresight Capital Management Advisors Inc. now owns 19,828 shares of the iPhone maker’s stock worth $4,620,000 after purchasing an additional 823 shares in the last quarter. Cypress Financial Planning LLC boosted its holdings in shares of Apple by 3.2% in the third quarter. Cypress Financial Planning LLC now owns 8,173 shares of the iPhone maker’s stock valued at $1,904,000 after acquiring an additional 256 shares during the period. New England Research & Management Inc. grew its position in shares of Apple by 0.3% during the third quarter. New England Research & Management Inc. now owns 36,348 shares of the iPhone maker’s stock worth $8,469,000 after acquiring an additional 95 shares during the last quarter. Finally, Global Financial Private Client LLC increased its holdings in shares of Apple by 1.4% in the 3rd quarter. Global Financial Private Client LLC now owns 71,622 shares of the iPhone maker’s stock valued at $16,688,000 after acquiring an additional 1,013 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.