Zacks: Brokerages Anticipate Microsoft Corporation (MSFT) Will Announce Quarterly Sales of $24.04 Billion
Equities analysts predict that Microsoft Corporation (NASDAQ:MSFT) will post $24.04 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Microsoft Corporation’s earnings. The lowest sales estimate is $23.81 billion and the highest is $24.33 billion. Microsoft Corporation reported sales of $20.45 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The business is scheduled to issue its next earnings results on Thursday, October 19th.
On average, analysts expect that Microsoft Corporation will report full year sales of $24.04 billion for the current financial year, with estimates ranging from $101.57 billion to $105.60 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $111.19 billion per share, with estimates ranging from $107.70 billion to $117.39 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Microsoft Corporation.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS.
A number of research firms have recently commented on MSFT. UBS AG reaffirmed a “buy” rating and set a $82.00 price target (up previously from $73.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and set a $82.00 price target (up previously from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Canaccord Genuity lifted their target price on Microsoft Corporation from $68.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, July 21st. BMO Capital Markets lifted their target price on Microsoft Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have given a buy rating to the company. Microsoft Corporation presently has an average rating of “Buy” and an average price target of $76.15.
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In related news, insider Jean Philippe Courtois sold 26,165 shares of Microsoft Corporation stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the sale, the insider now directly owns 570,843 shares of the company’s stock, valued at approximately $39,388,167. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of Microsoft Corporation stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total value of $338,731.25. Following the sale, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,855 shares of company stock valued at $4,331,908. 2.99% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Glovista Investments LLC purchased a new stake in Microsoft Corporation during the fourth quarter valued at $254,000. Bayesian Capital Management LP boosted its stake in Microsoft Corporation by 106.3% in the fourth quarter. Bayesian Capital Management LP now owns 29,300 shares of the software giant’s stock valued at $1,821,000 after buying an additional 15,100 shares during the last quarter. Citizens & Northern Corp boosted its stake in Microsoft Corporation by 2.0% in the fourth quarter. Citizens & Northern Corp now owns 23,665 shares of the software giant’s stock valued at $1,471,000 after buying an additional 469 shares during the last quarter. Monetary Management Group Inc. boosted its stake in Microsoft Corporation by 16.4% in the fourth quarter. Monetary Management Group Inc. now owns 105,898 shares of the software giant’s stock valued at $6,581,000 after buying an additional 14,920 shares during the last quarter. Finally, Stelliam Investment Management LP boosted its stake in Microsoft Corporation by 10.8% in the fourth quarter. Stelliam Investment Management LP now owns 997,500 shares of the software giant’s stock valued at $61,985,000 after buying an additional 97,500 shares during the last quarter. 72.86% of the stock is owned by institutional investors and hedge funds.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.040% during midday trading on Tuesday, hitting $72.429. The company had a trading volume of 4,899,544 shares. The firm has a market capitalization of $558.28 billion, a P/E ratio of 26.727 and a beta of 1.01. The firm’s 50-day moving average is $71.23 and its 200-day moving average is $67.50. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.15%. Microsoft Corporation’s payout ratio is currently 57.78%.
About Microsoft Corporation
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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