Wall Street analysts predict that Microsoft Co. (NASDAQ:MSFT) will announce earnings of $1.09 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Microsoft’s earnings, with estimates ranging from $1.05 to $1.13. Microsoft posted earnings per share of $0.96 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.5%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, January 30th.
On average, analysts expect that Microsoft will report full year earnings of $4.43 per share for the current year, with EPS estimates ranging from $4.31 to $4.55. For the next fiscal year, analysts expect that the company will report earnings of $4.94 per share, with EPS estimates ranging from $4.45 to $5.25. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Microsoft.
Microsoft (NASDAQ:MSFT) last issued 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 analysts’ expectations of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share.
Several brokerages have recently issued reports on MSFT. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Thursday. Goldman Sachs Group reissued a “buy” rating and set a $123.00 price target on shares of Microsoft in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $124.00 price target on shares of Microsoft in a research report on Monday, January 21st. Credit Suisse Group reissued a “buy” rating and set a $125.00 price target on shares of Microsoft in a research report on Sunday, January 13th. Finally, Morgan Stanley reissued a “buy” rating and set a $130.00 price target on shares of Microsoft in a research report on Monday, December 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and a consensus price target of $121.78.
Shares of MSFT traded up $0.97 during mid-day trading on Monday, hitting $107.17. 31,181,723 shares of the company’s stock were exchanged, compared to its average volume of 29,408,602. The stock has a market capitalization of $817.72 billion, a PE ratio of 27.62, a P/E/G ratio of 1.92 and a beta of 1.24. Microsoft has a fifty-two week low of $83.83 and a fifty-two week high of $116.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be paid a $0.46 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 annualized dividend and a yield of 1.72%. Microsoft’s dividend payout ratio is currently 47.42%.
In other Microsoft news, insider Frank H. Brod sold 20,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $107.70, for a total value of $2,154,000.00. Following the transaction, the insider now directly owns 66,676 shares in the company, valued at $7,181,005.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $105.50, for a total transaction of $422,000.00. Following the completion of the transaction, the executive vice president now owns 169,931 shares in the company, valued at $17,927,720.50. The disclosure for this sale can be found here. Insiders sold 76,500 shares of company stock worth $8,401,780 over the last quarter. 1.38% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in MSFT. Cascade Investment Advisors Inc. grew its position in shares of Microsoft by 1.2% during the fourth quarter. Cascade Investment Advisors Inc. now owns 23,322 shares of the software giant’s stock worth $2,369,000 after acquiring an additional 275 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Microsoft by 4.9% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 157,754 shares of the software giant’s stock worth $16,024,000 after acquiring an additional 7,424 shares during the last quarter. Ellevest Inc. purchased a new position in shares of Microsoft during the fourth quarter worth approximately $513,000. Adviser Investments LLC grew its position in shares of Microsoft by 3.1% during the fourth quarter. Adviser Investments LLC now owns 98,013 shares of the software giant’s stock worth $9,955,000 after acquiring an additional 2,989 shares during the last quarter. Finally, MCF Advisors LLC grew its position in shares of Microsoft by 3.1% during the fourth quarter. MCF Advisors LLC now owns 20,160 shares of the software giant’s stock worth $2,048,000 after acquiring an additional 605 shares during the last quarter. Institutional investors own 71.64% of the company’s stock.
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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