Q1 2017 EPS Estimates for Microsoft Corp. (MSFT) Reduced by Analyst
Microsoft Corp. (NASDAQ:MSFT) – Research analysts at Griffin Securities dropped their Q1 2017 earnings estimates for Microsoft Corp. in a report issued on Tuesday. Griffin Securities analyst J. Vleeschhouwer now expects that the firm will post earnings per share of $0.67 for the quarter, down from their prior forecast of $0.69. Griffin Securities also issued estimates for Microsoft Corp.’s FY2017 earnings at $3.05 EPS.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The firm earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the prior year, the firm earned $0.60 EPS.
Other equities analysts have also issued research reports about the company. Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 price target on the stock in a research note on Tuesday, June 14th. BMO Capital Markets restated a “buy” rating and set a $57.00 price target on shares of Microsoft Corp. in a research note on Sunday, July 17th. Nomura reiterated a “buy” rating on shares of Microsoft Corp. in a research note on Sunday, July 17th. Sanford C. Bernstein set a $69.00 target price on Microsoft Corp. and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, Cowen and Company reiterated an “outperform” rating and issued a $60.00 target price on shares of Microsoft Corp. in a research note on Friday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $59.41.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 57.60 on Friday. Microsoft Corp. has a 52-week low of $45.70 and a 52-week high of $58.70. The stock has a market cap of $448.85 billion, a price-to-earnings ratio of 27.43 and a beta of 1.08. The stock’s 50 day moving average is $57.50 and its 200 day moving average is $54.21.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.39 per share. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 annualized dividend and a yield of 2.71%. Microsoft Corp.’s dividend payout ratio is 70.24%.
In other Microsoft Corp. news, CFO Amy Hood sold 120,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $57.86, for a total transaction of $6,943,200.00. Following the sale, the chief financial officer now owns 523,425 shares in the company, valued at approximately $30,285,370.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 143,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the sale, the chief executive officer now owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The disclosure for this sale can be found here. Company insiders own 3.76% of the company’s stock.
Large investors have recently modified their holdings of the company. Invictus RG acquired a new position in Microsoft Corp. during the first quarter worth approximately $107,000. Riggs Asset Managment Co. Inc. increased its position in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares during the last quarter. Roble Belko & Company Inc increased its position in Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the last quarter. Lowe fs LLC increased its position in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares during the last quarter. Finally, Northstar Group Inc. increased its position in Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock worth $202,000 after buying an additional 14 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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