Q1 2018 EPS Estimates for Apple Inc. Increased by KeyCorp (AAPL)

Apple Inc. (NASDAQ:AAPL) – Analysts at KeyCorp increased their Q1 2018 earnings per share estimates for shares of Apple in a report released on Sunday. KeyCorp analyst A. Hargreaves now anticipates that the iPhone maker will earn $4.06 per share for the quarter, up from their previous estimate of $3.91. KeyCorp currently has a “Overweight” rating and a $187.00 price target on the stock. KeyCorp also issued estimates for Apple’s Q2 2018 earnings at $2.83 EPS, Q3 2018 earnings at $2.31 EPS, Q4 2018 earnings at $2.46 EPS and FY2018 earnings at $11.68 EPS.

Several other brokerages also recently commented on AAPL. Pacific Crest raised shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price objective for the company in a research note on Monday. Rosenblatt Securities reaffirmed a “hold” rating and set a $150.00 price objective on shares of Apple in a research note on Sunday. Barclays PLC upped their price objective on shares of Apple to $161.00 and gave the company an “equal weight” rating in a research note on Friday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $196.00 price objective on shares of Apple in a research note on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $190.46.

TRADEMARK VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/17/q1-2018-eps-estimates-for-apple-inc-increased-by-keycorp-aapl.html.

Apple (NASDAQ AAPL) traded down 0.04% during mid-day trading on Tuesday, reaching $159.82. The company had a trading volume of 5,627,971 shares. Apple has a 12-month low of $104.08 and a 12-month high of $164.94. The firm has a market capitalization of $825.51 billion, a price-to-earnings ratio of 18.14 and a beta of 1.27. The firm has a 50-day moving average price of $157.58 and a 200 day moving average price of $151.69.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. Apple’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of AAPL. Longer Investments Inc. lifted its position in shares of Apple by 4.8% during the first quarter. Longer Investments Inc. now owns 23,232 shares of the iPhone maker’s stock worth $3,338,000 after purchasing an additional 1,068 shares in the last quarter. Univest Corp of Pennsylvania raised its holdings in Apple by 2.3% in the first quarter. Univest Corp of Pennsylvania now owns 33,344 shares of the iPhone maker’s stock valued at $4,790,000 after acquiring an additional 739 shares in the last quarter. P.R. Herzig & Co. Inc. raised its holdings in Apple by 2.7% in the first quarter. P.R. Herzig & Co. Inc. now owns 11,375 shares of the iPhone maker’s stock valued at $1,634,000 after acquiring an additional 300 shares in the last quarter. Pennsylvania Trust Co raised its holdings in Apple by 1.2% in the first quarter. Pennsylvania Trust Co now owns 233,400 shares of the iPhone maker’s stock valued at $33,530,000 after acquiring an additional 2,684 shares in the last quarter. Finally, Portfolio Solutions LLC acquired a new stake in Apple in the first quarter valued at approximately $169,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the sale, the director now directly owns 1,168,283 shares in the company, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock worth $85,864,804 in the last three months. Corporate insiders own 0.08% of the company’s stock.

About Apple

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,

Apple Inc. (NASDAQ:AAPL) – Analysts at KeyCorp increased their Q1 2018 earnings per share estimates for shares of Apple in a report released on Sunday. KeyCorp analyst A. Hargreaves now anticipates that the iPhone maker will earn $4.06 per share for the quarter, up from their previous estimate of $3.91. KeyCorp currently has a “Overweight” rating and a $187.00 price target on the stock. KeyCorp also issued estimates for Apple’s Q2 2018 earnings at $2.83 EPS, Q3 2018 earnings at $2.31 EPS, Q4 2018 earnings at $2.46 EPS and FY2018 earnings at $11.68 EPS.

Several other brokerages also recently commented on AAPL. Pacific Crest raised shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price objective for the company in a research note on Monday. Rosenblatt Securities reaffirmed a “hold” rating and set a $150.00 price objective on shares of Apple in a research note on Sunday. Barclays PLC upped their price objective on shares of Apple to $161.00 and gave the company an “equal weight” rating in a research note on Friday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $196.00 price objective on shares of Apple in a research note on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $190.46.

TRADEMARK VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/17/q1-2018-eps-estimates-for-apple-inc-increased-by-keycorp-aapl.html.

Apple (NASDAQ AAPL) traded down 0.04% during mid-day trading on Tuesday, reaching $159.82. The company had a trading volume of 5,627,971 shares. Apple has a 12-month low of $104.08 and a 12-month high of $164.94. The firm has a market capitalization of $825.51 billion, a price-to-earnings ratio of 18.14 and a beta of 1.27. The firm has a 50-day moving average price of $157.58 and a 200 day moving average price of $151.69.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. Apple’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of AAPL. Longer Investments Inc. lifted its position in shares of Apple by 4.8% during the first quarter. Longer Investments Inc. now owns 23,232 shares of the iPhone maker’s stock worth $3,338,000 after purchasing an additional 1,068 shares in the last quarter. Univest Corp of Pennsylvania raised its holdings in Apple by 2.3% in the first quarter. Univest Corp of Pennsylvania now owns 33,344 shares of the iPhone maker’s stock valued at $4,790,000 after acquiring an additional 739 shares in the last quarter. P.R. Herzig & Co. Inc. raised its holdings in Apple by 2.7% in the first quarter. P.R. Herzig & Co. Inc. now owns 11,375 shares of the iPhone maker’s stock valued at $1,634,000 after acquiring an additional 300 shares in the last quarter. Pennsylvania Trust Co raised its holdings in Apple by 1.2% in the first quarter. Pennsylvania Trust Co now owns 233,400 shares of the iPhone maker’s stock valued at $33,530,000 after acquiring an additional 2,684 shares in the last quarter. Finally, Portfolio Solutions LLC acquired a new stake in Apple in the first quarter valued at approximately $169,000. 60.33% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the sale, the director now directly owns 1,168,283 shares in the company, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock worth $85,864,804 in the last three months. Corporate insiders own 0.08% of the company’s stock.

About Apple

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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