Analysts expect Microsoft Co. (NASDAQ:MSFT) to report $0.85 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Microsoft’s earnings, with estimates ranging from $0.79 to $0.90. Microsoft reported earnings per share of $0.73 during the same quarter last year, which suggests a positive year over year growth rate of 16.4%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that Microsoft will report full-year earnings of $3.64 per share for the current financial year, with EPS estimates ranging from $3.35 to $3.75. For the next fiscal year, analysts expect that the business will report earnings of $3.91 per share, with EPS estimates ranging from $3.59 to $4.22. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Microsoft.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. The firm had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share.
Several research firms have recently weighed in on MSFT. Credit Suisse Group set a $115.00 price objective on Microsoft and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research downgraded Microsoft from a “hold” rating to a “sell” rating in a report on Wednesday. Vetr raised Microsoft from a “buy” rating to a “strong-buy” rating and set a $104.63 price objective for the company in a report on Tuesday, April 3rd. Morgan Stanley increased their price objective on Microsoft from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, March 26th. Finally, William Blair reissued a “buy” rating on shares of Microsoft in a report on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $100.14.
MSFT traded up $1.72 on Thursday, reaching $93.58. The company’s stock had a trading volume of 26,683,998 shares, compared to its average volume of 33,567,539. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $715,156.75, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. Microsoft has a fifty-two week low of $64.89 and a fifty-two week high of $97.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s payout ratio is 50.76%.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares in the company, valued at $16,633,337.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the transaction, the executive vice president now owns 174,778 shares of the company’s stock, valued at approximately $16,254,354. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock valued at $930,900 in the last quarter. 1.49% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Capital Research Global Investors boosted its stake in Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Microsoft by 52.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 26,474,151 shares of the software giant’s stock valued at $2,264,601,000 after purchasing an additional 9,092,634 shares in the last quarter. Finally, Tiger Global Management LLC lifted its stake in shares of Microsoft by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after purchasing an additional 8,369,500 shares in the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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