FY2027 EPS Estimates for Apple Boosted by Erste Group Bank

Apple Inc. (NASDAQ:AAPL) – Erste Group Bank increased their FY2027 EPS estimates for shares of Apple in a research note issued on Tuesday, May 12th. Erste Group Bank analyst H. Engel now expects that the iPhone maker will earn $9.50 per share for the year, up from their prior estimate of $9.49. The consensus estimate for Apple’s current full-year earnings is $8.74 per share.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same period in the prior year, the business earned $1.65 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Evercore reiterated an “outperform” rating and issued a $365.00 price objective on shares of Apple in a research report on Thursday. Stephens set a $315.00 price target on Apple in a research note on Monday, January 26th. Wedbush reiterated an “outperform” rating and set a $400.00 price target (up from $350.00) on shares of Apple in a report on Friday, May 8th. KeyCorp reissued a “sector weight” rating on shares of Apple in a research report on Thursday, March 12th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Apple in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $308.74.

Apple Trading Down 0.2%

Shares of AAPL stock opened at $298.21 on Friday. The company’s 50-day moving average price is $264.61 and its 200-day moving average price is $267.25. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.38 trillion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.60 and a beta of 1.06. Apple has a twelve month low of $193.46 and a twelve month high of $300.92.

Hedge Funds Weigh In On Apple

Large investors have recently bought and sold shares of the stock. Isthmus Partners LLC grew its stake in Apple by 6.4% during the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock worth $25,000 after buying an additional 5,808 shares during the last quarter. Sellwood Investment Partners LLC lifted its stake in Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after buying an additional 71 shares during the last quarter. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC boosted its holdings in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the period. Finally, LSV Asset Management acquired a new position in shares of Apple in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 97,759 shares of company stock worth $24,964,305. 0.06% of the stock is owned by corporate insiders.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This is an increase from Apple’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is presently 13.06%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its price target on Apple to $365 from $330 and reiterated an Outperform rating, citing the company’s services growth and long-term earnings compounding potential. Article Title
• Positive Sentiment: Apple’s strong latest quarter continues to underpin sentiment, with record revenue of $111.2 billion, EPS of $2.01, a dividend increase, and a fresh $100 billion buyback supporting the bull case for the stock. Article Title
• Positive Sentiment: Several reports highlighted renewed institutional and billionaire interest in Apple, while Wall Street commentary said the stock’s rally reflects growing confidence in its AI and services strategy. Article Title
• Positive Sentiment: Apple CEO Tim Cook’s participation in the U.S.-China summit and Xi Jinping’s remarks that China will “open wider” for U.S. business are being viewed as supportive for Apple’s supply chain and China exposure. Article Title
• Neutral Sentiment: Apple is exploring deeper AI integration, including preparing the App Store for autonomous AI agents and expanding podcast/video tools, which could help long-term platform engagement but has no immediate financial impact. Article Title
• Negative Sentiment: OpenAI is reportedly weighing legal action against Apple over the ChatGPT-Siri partnership, a headline that raises uncertainty around Apple’s AI execution and has likely weighed on sentiment. Article Title
• Negative Sentiment: Security researchers reportedly found vulnerabilities in Apple’s macOS/iOS using AI-based techniques, which could reinforce concerns about software security and product risk. Article Title

Apple Company Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.