Zacks: Analysts Expect Microsoft Corporation (NASDAQ:MSFT) Will Post Earnings of $0.77 Per Share
Wall Street analysts forecast that Microsoft Corporation (NASDAQ:MSFT) will announce earnings of $0.77 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Microsoft Corporation’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.81. Microsoft Corporation reported earnings of $0.76 per share in the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The business is expected to issue its next earnings results on Thursday, October 19th.
According to Zacks, analysts expect that Microsoft Corporation will report full-year earnings of $3.21 per share for the current year, with EPS estimates ranging from $2.93 to $3.51. For the next financial year, analysts anticipate that the firm will post earnings of $3.59 per share, with EPS estimates ranging from $3.31 to $4.12. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Microsoft Corporation.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’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 earned $0.69 earnings per share.
Several equities research analysts have recently commented on MSFT shares. Pacific Crest reaffirmed a “buy” rating and issued a $78.00 target price (up from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, July 21st. Morningstar, Inc. reissued a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price target for the company. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $77.00 price target on shares of Microsoft Corporation in a research report on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $76.15.
In other news, insider Jean Philippe Courtois sold 26,165 shares of the company’s 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 owns 570,843 shares in the company, valued at $39,388,167. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total value of $207,330.00. Following the sale, the executive vice president now owns 216,507 shares of the company’s stock, valued at approximately $14,962,798.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,060,855 shares of company stock valued at $512,251,908. 2.99% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Northstar Group Inc. raised its position in shares of Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock worth $248,000 after buying an additional 12 shares in the last quarter. Gierl Augustine Investment Management Inc raised its stake in Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after buying an additional 13 shares during the period. New Capital Management LP raised its stake in Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after buying an additional 22 shares during the period. Nottingham Advisors Inc. raised its stake in Microsoft Corporation by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after buying an additional 22 shares during the period. Finally, American Economic Planning Group Inc. ADV raised its stake in Microsoft Corporation by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 72.86% of the company’s stock.
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Microsoft Corporation (NASDAQ MSFT) opened at 72.79 on Friday. The firm has a market cap of $561.07 billion, a price-to-earnings ratio of 26.86 and a beta of 1.01. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The company has a 50-day moving average of $71.41 and a 200 day moving average of $67.60.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
Microsoft Corporation 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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