Equities analysts expect that Apple Inc. (NASDAQ:AAPL) will announce sales of $84.10 billion for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Apple’s earnings, with the highest sales estimate coming in at $84.59 billion and the lowest estimate coming in at $83.79 billion. Apple posted sales of $88.29 billion in the same quarter last year, which would indicate a negative year over year growth rate of 4.7%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, January 29th.

On average, analysts expect that Apple will report full year sales of $259.29 billion for the current financial year, with estimates ranging from $251.16 billion to $268.52 billion. For the next fiscal year, analysts expect that the firm will report sales of $266.34 billion, with estimates ranging from $254.06 billion to $278.21 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Apple.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.13. The business had revenue of $62.90 billion during the quarter, compared to analyst estimates of $61.55 billion. Apple had a return on equity of 48.68% and a net margin of 22.41%. Apple’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 EPS.

AAPL has been the subject of a number of research analyst reports. DA Davidson decreased their target price on Apple to $260.00 and set a “buy” rating for the company in a research report on Thursday, January 3rd. New Street Research reissued a “sell” rating on shares of Apple in a research report on Tuesday, September 18th. Robert W. Baird reduced their price target on Apple from $230.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Needham & Company LLC boosted their price target on Apple from $220.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, September 13th. Finally, Citigroup reduced their price target on Apple from $265.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $195.19.

NASDAQ AAPL traded down $1.51 on Friday, reaching $152.29. 26,929,211 shares of the stock traded hands, compared to its average volume of 48,821,457. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 0.87. The firm has a market cap of $753.54 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23. Apple has a 12 month low of $142.00 and a 12 month high of $233.47.

In other Apple news, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $190.00, for a total transaction of $647,520.00. Following the sale, the insider now owns 8,940 shares in the company, valued at approximately $1,698,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Parkside Advisors LLC grew its stake in Apple by 3.6% during the 4th quarter. Parkside Advisors LLC now owns 4,018 shares of the iPhone maker’s stock valued at $634,000 after purchasing an additional 139 shares during the last quarter. Accurate Investment Solutions Inc. grew its stake in Apple by 5.8% during the 4th quarter. Accurate Investment Solutions Inc. now owns 6,785 shares of the iPhone maker’s stock valued at $1,070,000 after purchasing an additional 369 shares during the last quarter. Edge Wealth Management LLC grew its stake in Apple by 20.1% during the 4th quarter. Edge Wealth Management LLC now owns 104,783 shares of the iPhone maker’s stock valued at $16,528,000 after purchasing an additional 17,524 shares during the last quarter. Pure Financial Advisors Inc. lifted its holdings in shares of Apple by 14.7% in the 4th quarter. Pure Financial Advisors Inc. now owns 24,065 shares of the iPhone maker’s stock valued at $3,796,000 after buying an additional 3,087 shares during the period. Finally, YHB Investment Advisors Inc. lifted its holdings in shares of Apple by 6.4% in the 4th quarter. YHB Investment Advisors Inc. now owns 129,006 shares of the iPhone maker’s stock valued at $20,349,000 after buying an additional 7,715 shares during the period. Institutional investors and hedge funds own 57.06% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Earnings History and Estimates for Apple (NASDAQ:AAPL)

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