DA Davidson Has Pessimistic Outlook of Apple FY2025 Earnings

Apple Inc. (NASDAQ:AAPL) – Stock analysts at DA Davidson decreased their FY2025 earnings estimates for Apple in a research report issued to clients and investors on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the iPhone maker will post earnings per share of $7.35 for the year, down from their previous estimate of $7.44. DA Davidson currently has a “Buy” rating and a $230.00 target price on the stock. The consensus estimate for Apple’s current full-year earnings is $7.28 per share.

A number of other equities research analysts have also commented on AAPL. Bank of America reduced their price objective on shares of Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Morgan Stanley decreased their target price on Apple from $252.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Moffett Nathanson restated a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.85.

Apple Price Performance

Apple stock opened at $202.14 on Wednesday. The firm has a market cap of $3.04 trillion, a P/E ratio of 32.09, a P/E/G ratio of 2.44 and a beta of 1.26. The stock’s 50 day moving average is $221.65 and its 200 day moving average is $230.79. 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 has a one year low of $164.08 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%.

Institutional Trading of Apple

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Apple by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after acquiring an additional 49,168,843 shares during the last quarter. State Street Corp increased its position in shares of Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the last quarter. FMR LLC raised its stake in Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC lifted its position in Apple by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock valued at $84,999,145,000 after purchasing an additional 6,307,413 shares during the last quarter. Finally, Norges Bank purchased a new position in Apple in the 4th quarter worth approximately $46,868,648,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. This trade represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock valued at $40,818,720 over the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. Apple’s payout ratio is 15.87%.

Apple Company Profile

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.