Apple Inc. (NASDAQ:AAPL) – Equities researchers at William Blair issued their Q1 2018 earnings estimates for shares of Apple in a research report issued to clients and investors on Thursday. William Blair analyst A. Doradla anticipates that the iPhone maker will earn $3.68 per share for the quarter. William Blair also issued estimates for Apple’s Q2 2018 earnings at $2.53 EPS, Q3 2018 earnings at $2.04 EPS, Q4 2018 earnings at $2.38 EPS, FY2018 earnings at $10.63 EPS and FY2019 earnings at $11.77 EPS.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. Apple’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. TRADEMARK VIOLATION WARNING: “Apple Inc. (AAPL) to Post Q1 2018 Earnings of $3.68 Per Share, William Blair Forecasts” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/apple-inc-aapl-to-post-q1-2018-earnings-of-3-68-per-share-william-blair-forecasts/1682714.html.

Several other analysts also recently commented on AAPL. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a report on Tuesday, October 31st. Maxim Group reaffirmed a “buy” rating and set a $193.00 price target on shares of Apple in a research note on Thursday. Sanford C. Bernstein set a $195.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Friday. Argus raised their price target on shares of Apple to $210.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Macquarie set a $188.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $199.14.

Shares of Apple (AAPL) traded up $1.87 during trading hours on Monday, hitting $174.37. 12,749,081 shares of the company were exchanged, compared to its average volume of 26,450,000. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The firm has a market cap of $900,690.00, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. Apple has a 1-year low of $104.08 and a 1-year high of $174.91.

Several institutional investors have recently modified their holdings of AAPL. Blue Sky Asset Management LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $108,000. Hefty Wealth Partners boosted its holdings in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the last quarter. FNY Managed Accounts LLC boosted its holdings in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in shares of Apple during the 1st quarter worth approximately $117,000. Finally, Private Vista LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 60.30% of the company’s stock.

In related news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. Insiders have sold a total of 411,389 shares of company stock worth $65,364,467 over the last 90 days. Insiders own 0.08% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.42%.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Earnings History and Estimates for Apple (NASDAQ:AAPL)

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