$24.25 Billion in Sales Expected for Microsoft Co. (MSFT) This Quarter
Equities research analysts expect Microsoft Co. (NASDAQ:MSFT) to announce $24.25 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Microsoft’s earnings, with estimates ranging from $24.13 billion to $24.61 billion. Microsoft reported sales of $20.61 billion in the same quarter last year, which would suggest a positive year over year growth rate of 17.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, July 20th.
According to Zacks, analysts expect that Microsoft will report full-year sales of $24.25 billion for the current financial year, with estimates ranging from $96.09 billion to $96.68 billion. For the next fiscal year, analysts forecast that the business will post sales of $103.36 billion per share, with estimates ranging from $100.67 billion to $105.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Microsoft.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 27th. The software giant reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.04. The firm had revenue of $23.56 billion for the quarter, compared to analyst estimates of $23.62 billion. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. Microsoft’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS.
Several research analysts have weighed in on MSFT shares. Pacific Crest restated a “buy” rating and set a $78.00 target price (up from $70.00) on shares of Microsoft in a research report on Friday, April 28th. Goldman Sachs Group Inc restated a “buy” rating and set a $72.00 target price (up from $68.00) on shares of Microsoft in a research report on Friday, January 27th. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Microsoft in a research report on Friday, March 17th. Vetr downgraded shares of Microsoft from a “buy” rating to a “hold” rating and set a $71.27 price target on the stock. in a report on Tuesday. Finally, Royal Bank of Canada upped their price target on shares of Microsoft from $65.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.45.
COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/05/27/24-25-billion-in-sales-expected-for-microsoft-co-msft-this-quarter.html.
Microsoft (NASDAQ:MSFT) opened at 69.96 on Friday. Microsoft has a 52 week low of $48.03 and a 52 week high of $70.22. The company has a 50-day moving average of $67.68 and a 200-day moving average of $64.26. The stock has a market capitalization of $540.13 billion, a price-to-earnings ratio of 30.87 and a beta of 1.08.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $1.56 annualized dividend and a dividend yield of 2.23%. Microsoft’s dividend payout ratio is presently 73.59%.
In related news, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total transaction of $173,500,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jean Philippe Courtois sold 26,694 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $69.00, for a total transaction of $1,841,886.00. Following the transaction, the insider now owns 607,688 shares in the company, valued at approximately $41,930,472. The disclosure for this sale can be found here. Insiders sold a total of 12,060,786 shares of company stock worth $831,893,332 in the last 90 days. 2.99% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Manning & Napier Advisors LLC increased its position in shares of Microsoft by 507.4% in the third quarter. Manning & Napier Advisors LLC now owns 4,613,038 shares of the software giant’s stock valued at $265,710,000 after buying an additional 3,853,559 shares during the period. Spero Smith Investment Advisers Inc. OH boosted its stake in shares of Microsoft by 5.8% in the third quarter. Spero Smith Investment Advisers Inc. OH now owns 42,720 shares of the software giant’s stock valued at $2,461,000 after buying an additional 2,340 shares in the last quarter. Vicus Capital boosted its stake in shares of Microsoft by 0.4% in the third quarter. Vicus Capital now owns 122,562 shares of the software giant’s stock valued at $7,060,000 after buying an additional 461 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Microsoft by 0.4% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 12,200,244 shares of the software giant’s stock valued at $702,734,000 after buying an additional 51,665 shares in the last quarter. Finally, SignalPoint Asset Management LLC boosted its stake in shares of Microsoft by 165.4% in the third quarter. SignalPoint Asset Management LLC now owns 42,377 shares of the software giant’s stock valued at $2,441,000 after buying an additional 26,410 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Microsoft Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Co. and related companies with MarketBeat.com's FREE daily email newsletter.