Wall Street analysts expect Microsoft Co. (NASDAQ:MSFT) to post sales of $29.83 billion for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Microsoft’s earnings, with the lowest sales estimate coming in at $29.55 billion and the highest estimate coming in at $30.06 billion. Microsoft reported sales of $26.82 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.2%. The firm is scheduled to issue its next earnings report on Thursday, April 25th.
According to Zacks, analysts expect that Microsoft will report full-year sales of $123.87 billion for the current year, with estimates ranging from $122.88 billion to $124.35 billion. For the next year, analysts forecast that the business will post sales of $136.03 billion, with estimates ranging from $130.07 billion to $139.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Microsoft.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $32.47 billion during the quarter, compared to analyst estimates of $32.53 billion. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share.
MSFT has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on Microsoft from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Credit Suisse Group set a $125.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Sunday, December 23rd. ValuEngine downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada increased their target price on Microsoft to $130.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, Sanford C. Bernstein set a $137.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Thursday, January 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $123.01.
NASDAQ MSFT traded up $0.53 during mid-day trading on Monday, reaching $119.89. 15,737,967 shares of the stock were exchanged, compared to its average volume of 28,013,376. Microsoft has a 1-year low of $89.48 and a 1-year high of $120.82. The firm has a market cap of $919.05 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.08 and a current ratio of 3.12.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
In related news, CEO Satya Nadella sold 267,466 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total value of $28,354,070.66. Following the completion of the sale, the chief executive officer now directly owns 1,746,854 shares in the company, valued at approximately $185,183,992.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 10,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.48, for a total value of $1,170,540.00. Following the completion of the transaction, the executive vice president now directly owns 156,866 shares in the company, valued at $17,487,421.68. The disclosure for this sale can be found here. Insiders sold 333,667 shares of company stock worth $35,657,016 in the last 90 days. 1.38% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Highwater Wealth Management LLC acquired a new position in Microsoft in the 4th quarter worth $27,000. Quantamental Technologies LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $26,000. Mackey Komara & Dankovich LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $30,000. Pearl River Capital LLC acquired a new position in shares of Microsoft in the fourth quarter worth about $38,000. Finally, Ayalon Holdings Ltd. acquired a new position in shares of Microsoft in the fourth quarter worth about $41,000. Institutional investors own 72.89% 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, 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.
See Also: Earnings Per Share (EPS)
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