Brokers Offer Predictions for Microsoft Co.’s Q2 2018 Earnings (MSFT)

Microsoft Co. (NASDAQ:MSFT) – Research analysts at Oppenheimer boosted their Q2 2018 EPS estimates for shares of Microsoft in a research note issued on Tuesday, Zacks Investment Research reports. Oppenheimer analyst T. Horan now anticipates that the software giant will post earnings per share of $0.91 for the quarter, up from their prior estimate of $0.90. Oppenheimer currently has a “Outperform” rating and a $115.00 target price on the stock. Oppenheimer also issued estimates for Microsoft’s Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.55 EPS and FY2019 earnings at $4.01 EPS.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue was up 11.9% compared to the same quarter last year.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus restated a “buy” rating on shares of Microsoft in a research report on Thursday, October 12th. Canaccord Genuity upgraded shares of Microsoft from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $86.00 in a research report on Thursday, October 5th. Credit Suisse Group restated a “buy” rating and set a $95.00 target price on shares of Microsoft in a research report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $94.00 price target on shares of Microsoft in a research note on Friday, October 27th. Finally, Goldman Sachs Group set a $88.00 price target on Microsoft and gave the company a “buy” rating in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirty have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $98.43.

Microsoft (MSFT) traded down $0.75 during trading on Wednesday, reaching $94.26. 46,857,875 shares of the company’s stock were exchanged, compared to its average volume of 24,330,000. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft has a 52 week low of $62.75 and a 52 week high of $96.07. The firm has a market cap of $727,180.00, a P/E ratio of 64.12, a PEG ratio of 2.18 and a beta of 0.99.

Institutional investors and hedge funds have recently modified their holdings of the company. Appropriate Balance Financial Services Inc. boosted its holdings in shares of Microsoft by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at approximately $103,000. Cerebellum GP LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at approximately $134,000. Acrospire Investment Management LLC boosted its holdings in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares during the last quarter. Finally, Hefty Wealth Partners boosted its holdings in shares of Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. 73.26% of the stock is owned by institutional investors.

In related news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the completion of the sale, the executive vice president now directly owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,000 shares of company stock valued at $2,498,220. 1.49% of the stock is owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.78%. Microsoft’s payout ratio is 114.29%.

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Microsoft Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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