Microsoft (MSFT) Posts Quarterly Results
Microsoft (NASDAQ:MSFT) posted its quarterly earnings results on Thursday. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05, American Banking and Market News reports. The company had revenue of $20.40 billion for the quarter, compared to the consensus estimate of $20.38 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis.
Microsoft (NASDAQ:MSFT) traded up 0.43% on Thursday, hitting $39.86. The stock had a trading volume of 42,232,732 shares. Microsoft has a 52 week low of $30.84 and a 52 week high of $41.66. The stock’s 50-day moving average is $39.53 and its 200-day moving average is $37.37. The company has a market cap of $330.9 billion and a price-to-earnings ratio of 14.70. Microsoft also saw some unusual options trading activity on Thursday. Investors purchased 143,966 call options on the company. This represents an increase of approximately 202% compared to the average daily volume of 47,691 call options.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, May 13th.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Microsoft from $47.00 to $46.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Deutsche Bank downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, April 14th. They now have a $42.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Microsoft from $37.00 to $44.00 in a research note on Friday, March 28th. They now have a “sector perform” rating on the stock. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.54.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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