Equities analysts expect Microsoft Co. (NASDAQ:MSFT) to announce $25.71 billion in sales for the current quarter, Zacks reports. Eleven analysts have made estimates for Microsoft’s earnings, with the highest sales estimate coming in at $25.88 billion and the lowest estimate coming in at $25.58 billion. Microsoft reported sales of $23.56 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, April 26th.
On average, analysts expect that Microsoft will report full-year sales of $107.06 billion for the current financial year, with estimates ranging from $105.85 billion to $107.74 billion. For the next year, analysts expect that the firm will report sales of $115.92 billion per share, with estimates ranging from $109.50 billion to $120.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Microsoft.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS.
Several analysts have recently weighed in on MSFT shares. Oppenheimer boosted their price objective on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Citigroup upped their price target on shares of Microsoft to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Goldman Sachs set a $100.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada set a $100.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Tuesday, December 26th. Finally, Deutsche Bank set a $120.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, March 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $100.19.
Shares of NASDAQ:MSFT traded down $0.33 during trading on Friday, hitting $96.11. 23,540,522 shares of the company were exchanged, compared to its average volume of 32,621,443. The company has a market capitalization of $739,719.13, a PE ratio of 29.04, a P/E/G ratio of 2.23 and a beta of 1.07. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. Microsoft has a 12-month low of $65.14 and a 12-month high of $97.24.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.75%. Microsoft’s dividend payout ratio (DPR) is presently 50.76%.
In other news, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,000 shares of company stock worth $930,900. Corporate insiders own 1.49% of the company’s stock.
Large investors have recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings 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 valued at $4,801,874,000 after purchasing an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in 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 holdings in 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 holdings in 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 holdings in 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. 73.84% of the stock is currently owned by institutional investors and hedge funds.
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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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