KeyCorp Comments on Microsoft Co.’s Q1 2019 Earnings (MSFT)
Microsoft Co. (NASDAQ:MSFT) – Equities research analysts at KeyCorp lifted their Q1 2019 earnings per share estimates for Microsoft in a research note issued on Thursday. KeyCorp analyst B. Bracelin now forecasts that the software giant will post earnings of $0.91 per share for the quarter, up from their prior forecast of $0.88. KeyCorp currently has a “Buy” rating and a $94.00 price objective on the stock. KeyCorp also issued estimates for Microsoft’s Q2 2019 earnings at $0.98 EPS, Q3 2019 earnings at $0.91 EPS, Q4 2019 earnings at $1.04 EPS and FY2019 earnings at $3.84 EPS.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same quarter last year, the company earned $0.76 EPS. Microsoft’s revenue for the quarter was up 11.7% compared to the same quarter last year.
MSFT has been the topic of a number of other research reports. Argus upgraded Microsoft from a “hold” rating to a “buy” rating and increased their price objective for the company from $57.28 to $95.00 in a report on Tuesday, October 31st. Goldman Sachs Group set a $92.00 price objective on Microsoft and gave the company a “buy” rating in a report on Friday, October 27th. Vetr downgraded Microsoft from a “hold” rating to a “sell” rating and set a $78.90 price objective on the stock. in a report on Monday, October 30th. Wells Fargo & Co reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Microsoft in a report on Friday, January 12th. Finally, Barclays reiterated an “overweight” rating and issued a $89.00 price objective (up previously from $82.00) on shares of Microsoft in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $87.02.
Microsoft (MSFT) traded up $1.79 on Monday, hitting $90.14. The stock had a trading volume of 25,617,020 shares, compared to its average volume of 23,300,000. Microsoft has a fifty-two week low of $62.03 and a fifty-two week high of $90.79. The stock has a market cap of $695,390.00, a P/E ratio of 30.45, a P/E/G ratio of 2.09 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.86%. Microsoft’s dividend payout ratio (DPR) is currently 56.76%.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 over the last quarter. Company insiders own 1.49% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. River Wealth Advisors LLC lifted its holdings in shares of Microsoft by 6.4% in the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after buying an additional 1,517 shares during the period. Northeast Financial Consultants Inc raised its holdings in Microsoft by 17.4% during the second quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after purchasing an additional 1,500 shares during the last quarter. One Capital Management LLC raised its holdings in Microsoft by 5.0% during the second quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock worth $3,906,000 after purchasing an additional 2,675 shares during the last quarter. JLB & Associates Inc. acquired a new position in Microsoft during the second quarter worth $10,873,000. Finally, First National Bank Sioux Falls raised its holdings in Microsoft by 9.6% during the second quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock worth $1,078,000 after purchasing an additional 1,365 shares during the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.
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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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