Microsoft Corp. Rating Reiterated by TheStreet (MSFT)
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Thursday, Analyst Ratings Network.com reports.
The analysts wrote, “Microsoft Corporation (MSFT) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Microsoft Corp. (NASDAQ:MSFT) traded up 0.72% on Thursday, hitting $32.74. 9,099,795 shares of the company’s stock traded hands. Microsoft Corp. has a 1-year low of $26.26 and a 1-year high of $36.43. The stock’s 50-day moving average is $32.51 and its 200-day moving average is $32.35. The company has a market cap of $272.7 billion and a P/E ratio of 12.60.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.59 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.16. The company had revenue of $19.90 billion for the quarter, compared to the consensus estimate of $20.73 billion. During the same quarter last year, the company posted $0.73 earnings per share. Microsoft Corp.’s revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that Microsoft Corp. will post $2.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, November 19th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.23.
A number of other firms have also recently commented on MSFT. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Friday, September 20th. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note to investors on Friday, September 20th. Finally, analysts at MKM Partners raised their price target on shares of Microsoft Corp. (NASDAQ:MSFT) from $28.00 to $30.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.62.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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