Microsoft Corp. (MSFT) Set to Announce Quarterly Earnings on Thursday
Microsoft Corp. (NASDAQ:MSFT) is scheduled to issue its Q117 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.68 per share and revenue of $21.71 billion for the quarter.
Microsoft Corp. (NASDAQ:MSFT) opened at 57.66 on Wednesday. The stock’s 50 day moving average price is $57.37 and its 200-day moving average price is $54.48. Microsoft Corp. has a one year low of $47.09 and a one year high of $58.70. The firm has a market capitalization of $449.32 billion, a price-to-earnings ratio of 27.46 and a beta of 1.09.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.39 dividend. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s payout ratio is currently 70.24%.
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Several research analysts have commented on MSFT shares. Sanford C. Bernstein set a $68.00 price target on Microsoft Corp. and gave the stock a “buy” rating in a research report on Friday, July 15th. Jefferies Group set a $40.00 price objective on Microsoft Corp. and gave the stock a “sell” rating in a report on Tuesday, September 27th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $62.00 price objective on shares of Microsoft Corp. in a report on Friday, July 22nd. Argus reissued a “hold” rating on shares of Microsoft Corp. in a report on Monday, July 25th. Finally, Independent Research GmbH set a $50.00 price objective on Microsoft Corp. and gave the stock a “sell” rating in a report on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.60.
In other Microsoft Corp. news, insider G Mason Morfit sold 18,000,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total value of $1,010,160,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.76% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in MSFT. Glenmede Trust Co. NA raised its stake in Microsoft Corp. by 0.5% in the second quarter. Glenmede Trust Co. NA now owns 2,779,721 shares of the software giant’s stock valued at $142,236,000 after buying an additional 13,515 shares in the last quarter. FFT Wealth Management LLC acquired a new stake in Microsoft Corp. during the second quarter valued at about $206,000. CI Investments Inc. raised its stake in Microsoft Corp. by 3.2% in the second quarter. CI Investments Inc. now owns 2,756,518 shares of the software giant’s stock valued at $141,051,000 after buying an additional 86,200 shares in the last quarter. Davidson & Garrard Inc. raised its stake in Microsoft Corp. by 0.4% in the second quarter. Davidson & Garrard Inc. now owns 119,336 shares of the software giant’s stock valued at $6,106,000 after buying an additional 480 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in Microsoft Corp. by 10.2% in the second quarter. GSA Capital Partners LLP now owns 18,491 shares of the software giant’s stock valued at $946,000 after buying an additional 1,711 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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