Wall Street brokerages expect Microsoft Co. (NASDAQ:MSFT) to report $32.46 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Microsoft’s earnings. The lowest sales estimate is $32.19 billion and the highest is $32.94 billion. Microsoft reported sales of $28.92 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The business is expected to announce its next earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Microsoft will report full year sales of $124.08 billion for the current fiscal year, with estimates ranging from $122.80 billion to $125.18 billion. For the next fiscal year, analysts forecast that the business will report sales of $136.51 billion, with estimates ranging from $128.44 billion to $140.82 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Microsoft.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The business had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS.

Several research firms recently issued reports on MSFT. Credit Suisse Group set a $125.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday. Macquarie set a $125.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Monday. Oppenheimer set a $127.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Monday. BidaskClub lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $124.00 target price on shares of Microsoft in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Microsoft presently has an average rating of “Buy” and a consensus target price of $121.88.

In other news, CFO Amy Hood sold 118,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the completion of the transaction, the chief financial officer now owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 36,500 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $111.28, for a total transaction of $4,061,720.00. Following the transaction, the executive vice president now directly owns 226,801 shares of the company’s stock, valued at approximately $25,238,415.28. The disclosure for this sale can be found here. Insiders have sold 479,080 shares of company stock valued at $52,100,893 in the last ninety days. Insiders own 1.38% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Copeland Capital Management LLC increased its stake in Microsoft by 291.0% in the first quarter. Copeland Capital Management LLC now owns 37,012 shares of the software giant’s stock valued at $3,378,000 after purchasing an additional 27,547 shares in the last quarter. Picton Mahoney Asset Management increased its stake in Microsoft by 55.7% in the first quarter. Picton Mahoney Asset Management now owns 568,700 shares of the software giant’s stock valued at $51,904,000 after purchasing an additional 203,400 shares in the last quarter. AGF Investments Inc. increased its stake in Microsoft by 3.1% in the first quarter. AGF Investments Inc. now owns 481,267 shares of the software giant’s stock valued at $43,925,000 after purchasing an additional 14,262 shares in the last quarter. Ffcm LLC bought a new stake in Microsoft in the first quarter valued at $2,517,000. Finally, Financial Gravity Wealth Inc. bought a new stake in Microsoft in the first quarter valued at $221,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ MSFT traded down $2.91 during trading hours on Thursday, hitting $101.71. 63,997,199 shares of the stock were exchanged, compared to its average volume of 30,105,701. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $833.81 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 1.97 and a beta of 1.26. Microsoft has a 1-year low of $80.70 and a 1-year high of $116.18.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.81%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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