Equities analysts expect Microsoft Co. (NASDAQ:MSFT) to post earnings per share of $0.85 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Microsoft’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.79. Microsoft posted earnings of $0.73 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.4%. The firm is expected to report its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Microsoft will report full year earnings of $3.65 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.75. For the next year, analysts expect that the company will report earnings of $3.91 per share, with EPS estimates ranging from $3.59 to $4.22. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Microsoft.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion for the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.83 earnings per share.
A number of brokerages have recently weighed in on MSFT. Vetr upgraded Microsoft from a “hold” rating to a “buy” rating and set a $100.04 target price on the stock in a research note on Tuesday. Deutsche Bank set a $120.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a research note on Wednesday, February 14th. Finally, Argus increased their target price on Microsoft from $95.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have issued a buy rating to the company. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $99.41.
Shares of Microsoft (MSFT) traded down $0.56 during midday trading on Friday, hitting $93.85. The stock had a trading volume of 32,127,570 shares, compared to its average volume of 36,000,000. The company has a market capitalization of $722,630.00, a price-to-earnings ratio of 28.79, a P/E/G ratio of 2.23 and a beta of 1.04. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. Microsoft has a one year low of $64.12 and a one year high of $97.24.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio is presently 51.53%.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the firm’s 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 sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 171,278 shares in the company, valued at approximately $15,928,854. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,000 shares of company stock worth $930,900. Company insiders own 1.49% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in MSFT. Chemical Bank raised its position in Microsoft by 2.3% during the 4th quarter. Chemical Bank now owns 101,758 shares of the software giant’s stock worth $8,705,000 after purchasing an additional 2,325 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Microsoft by 7.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 525,814 shares of the software giant’s stock worth $44,978,000 after purchasing an additional 37,939 shares during the last quarter. Certified Advisory Corp bought a new position in Microsoft during the 4th quarter worth $1,271,000. Ackerman Capital Advisors LLC bought a new position in Microsoft during the 4th quarter worth $517,000. Finally, Fairfield Bush & CO. raised its position in Microsoft by 2.5% during the 4th quarter. Fairfield Bush & CO. now owns 202,435 shares of the software giant’s stock worth $17,317,000 after purchasing an additional 5,006 shares during the last quarter. Institutional investors own 73.88% of the company’s stock.
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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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