Wedbush Adjusts Earnings Estimates for Apple in Q2 2025

On January 31st, 2025, Wedbush released a report indicating a decrease in their earnings per share estimates for Apple Inc. (NASDAQ:AAPL). Analyst D. Ives revised the expected earnings down to $1.62 per share for the second quarter of 2025, lowering the estimate from a previous forecast of $1.69. Despite this adjustment, Wedbush maintains an “Outperform” rating for the stock with a price target set at $325.00.

In addition to the Q2 estimate, Wedbush provided projections for Apple's future earnings. They anticipate the company will report $1.55 per share for Q3 2025, and $1.87 for Q4 2025. Looking at the entire fiscal year of 2025, they estimate earnings will reach $7.44 per share. Furthermore, for the first quarter of 2026, an earnings estimate of $2.70 per share is expected, with $1.86 for Q2 2026, and $2.05 for Q4 2026, leading to a projected total of $8.35 per share for FY2026.

Apple last reported its quarterly earnings on January 30th, showing earnings of $2.40 per share, which surpassed the consensus estimate of $2.36 by $0.04. The company also revealed a return on equity of 160.83% and a net margin of 24.30%.

Analyst Opinions

Other analysts have also weighed in on Apple’s stock recently. For instance, Moffett Nathanson reiterated a “sell” rating with a price target of $188.00, which is a decrease from $202.00 in an earlier report dated January 7th. Conversely, Citigroup raised their price target from $255.00 to $275.00, assigning a “buy” rating in a report released on Friday. Additionally, Rosenblatt Securities reaffirmed their “buy” rating with a price objective of $262.00, while Raymond James boosted their target price to $250.00, maintaining a “buy” rating.

JPMorgan Chase & Co. also increased their price target from $260.00 to $270.00, giving the stock an “overweight” rating. The overall sentiment from analysts shows a range of ratings, with four analysts urging a sale, ten recommending to hold, and twenty-one advocating for a purchase, alongside one strong buy recommendation. MarketBeat.com data indicates a consensus rating of “Moderate Buy” with an average price target of $242.52 for Apple.

Stock Performance and Dividends

As of Monday, the stock price of Apple (NASDAQ:AAPL) opened at $228.01. The company boasts a market capitalization of $3.43 trillion, a PE ratio of 36.19, a P/E/G ratio of 2.36, and a beta of 1.20. Key financial ratios include a debt-to-equity ratio of 1.26, a quick ratio of 0.88, and a current ratio of 0.92. Over the past few months, Apple’s stock has shown a 50-day moving average of $241.68 and a 200-day moving average of $230.86, with 52-week fluctuations ranging from $164.07 to $260.10.

Recently, Apple announced a quarterly dividend of $0.25 per share, to be paid on February 13th, with investors on record by February 10th. This dividend reflects an annualized payout of $1.00, leading to a yield of 0.44%. Currently, Apple’s payout ratio stands at 15.87%.

Insider Transactions

In recent insider activity, Chris Kondo, an insider at Apple, sold 4,130 shares on November 18th at an average price of $228.87, amounting to approximately $945,233.10. After this transaction, Kondo now owns a total of 15,419 shares valued around $3.53 million. Additionally, COO Jeffrey E. Williams divested 100,000 shares on December 16th, which generated about $25 million, reducing his stakes by 20.41%. Insiders hold just 0.06% of Apple's stock.

Institutional Investor Activity

Multiple hedge funds and institutional investors have made adjustments to their Apple holdings recently. Redmond Asset Management LLC, for example, increased its shares in Apple by 97.6% during the fourth quarter, owning now 17,836 shares worth approximately $4.47 million. Oxbow Advisors LLC also saw a 2.0% increase, owning 114,194 shares valued at about $28.60 million. Other companies like Thompson Davis & Co. and Element Wealth also expanded their stakes in Apple during the same period.

Currently, institutional investors and hedge funds collectively own 67.73% of Apple's stock, suggesting strong institutional confidence in the company.

About Apple Inc.

Apple Inc. designs and manufactures a range of technology products including smartphones, personal computers, tablets, wearables, and accessories. Its flagship products include the iPhone, Mac computers, iPad tablets, as well as various wearables and accessories like the Apple Watch and AirPods.

Apple, Earnings, Estimates, Stocks, Analysts