Apple Inc. (NASDAQ:AAPL – Free Report) – Equities researchers at KeyCorp decreased their Q1 2027 earnings per share estimates for shares of Apple in a research note issued to investors on Monday, November 2nd. KeyCorp analyst B. Nispel now anticipates that the iPhone maker will post earnings per share of $2.95 for the quarter, down from their previous estimate of $3.10. KeyCorp currently has an “Underweight” rating and a $250.00 price target on the stock. The consensus estimate for Apple’s current full-year earnings is $9.68 per share. KeyCorp also issued estimates for Apple’s Q2 2027 earnings at $1.87 EPS, Q3 2027 earnings at $1.86 EPS, Q4 2027 earnings at $1.67 EPS, FY2027 earnings at $8.34 EPS and FY2028 earnings at $8.57 EPS.
Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The firm had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year.
A number of other equities analysts also recently commented on the company. Melius Research set a $370.00 price objective on Apple in a report on Tuesday, November 3rd. Robert W. Baird set a $340.00 target price on Apple and gave the stock an “outperform” rating in a report on Tuesday, November 3rd. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Piper Sandler started coverage on shares of Apple in a research report on Monday, August 17th. They set an “overweight” rating for the company. Finally, Moffett Nathanson set a $283.00 price target on shares of Apple and gave the company a “neutral” rating in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $343.74.
Read Our Latest Analysis on Apple
Apple Stock Performance
Shares of NASDAQ:AAPL opened at $350.69 on Tuesday. The firm has a market capitalization of $5.10 trillion, a PE ratio of 39.10, a P/E/G ratio of 3.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.93. The business has a 50-day moving average of $336.63 and a two-hundred day moving average of $299.02. Apple has a 12 month low of $243.42 and a 12 month high of $355.38.
Apple Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio (DPR) is 12.04%.
Insider Buying and Selling
In other news, insider Timothy D. Cook sold 191,753 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer owned 59,567 shares of the company’s stock, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 290,212 shares of company stock worth $96,639,685. Company insiders own 0.06% of the company’s stock.
Hedge Funds Weigh In On Apple
A number of institutional investors and hedge funds have recently bought and sold shares of AAPL. Berkshire Hathaway Inc acquired a new position in shares of Apple during the second quarter worth $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple in the second quarter valued at $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple during the 2nd quarter valued at $30,443,242,000. Deutsche Bank AG acquired a new stake in Apple during the 2nd quarter valued at $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Apple during the 2nd quarter valued at $10,588,946,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Key Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple reported quarterly revenue of $114.48 billion and EPS of $2.10, topping estimates, with double-digit growth in hardware and services. Article
- Positive Sentiment: Apple Intelligence cleared a Chinese regulatory step for use on tablets and laptops, potentially expanding the service’s reach in a major market. Article
- Positive Sentiment: Apple has begun offering $49.99 add-on packs for extra AI usage in Creator Studio, a potential new revenue stream from its AI features. Article
- Positive Sentiment: Commentary points to resilient iPhone demand and Apple’s comparatively restrained AI spending as advantages amid investor concerns about heavy AI investment elsewhere. Article
- Neutral Sentiment: Apple issued $7.5 billion in senior unsecured notes. The financing provides capital but also adds debt; the announcement does not specify a direct operating catalyst. Article
- Negative Sentiment: Reports warn that rising memory-chip costs could pressure margins, while some analysts question whether Apple’s valuation leaves limited room for further gains. Article
Apple Company Profile
Apple Inc designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS.
The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple’s devices and are sold to consumers, businesses and institutions around the world.
Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.
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