Microsoft Corp. (MSFT) to Release Quarterly Earnings on Thursday
Microsoft Corp. (NASDAQ:MSFT) is set to announce its Q114 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $17.83 billion for the quarter.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 1.06% during mid-day trading on Wednesday, hitting $34.2149. 5,815,261 shares of the company’s stock traded hands. Microsoft Corp. has a 52-week low of $26.26 and a 52-week high of $36.43. The stock has a 50-day moving average of $32.27 and a 200-day moving average of $32.03. The company has a market cap of $285.0 billion and a P/E ratio of 13.40.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 12th. Stockholders 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 3.24%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.23.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated a “market perform” rating on shares of Microsoft Corp. in a research note to investors on Friday, October 18th. On a related note, analysts at Jefferies Group upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 15th. They now have a $42.00 price target on the stock, up previously from $33.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.69.
In other Microsoft Corp. news, EVP Anthony John Bates sold 43,984 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $34.88, for a total transaction of $1,534,161.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.