Microsoft Corporation to Post Q1 2018 Earnings of $0.76 Per Share, KeyCorp Forecasts (MSFT)
Microsoft Corporation (NASDAQ:MSFT) – Research analysts at KeyCorp issued their Q1 2018 earnings estimates for Microsoft Corporation in a report issued on Sunday. KeyCorp analyst B. Bracelin expects that the software giant will post earnings of $0.76 per share for the quarter. KeyCorp also issued estimates for Microsoft Corporation’s Q2 2018 earnings at $0.90 EPS, Q3 2018 earnings at $0.78 EPS and Q4 2018 earnings at $0.81 EPS.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, April 27th. The software giant reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $23.62 billion. Microsoft Corporation had a return on equity of 33.75% and a net margin of 20.42%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/18/microsoft-corporation-to-post-q1-2018-earnings-of-0-76-per-share-keycorp-forecasts-msft.html.
Other analysts also recently issued reports about the company. Pacific Crest restated a “buy” rating and issued a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Goldman Sachs Group, Inc. (The) boosted their target price on Microsoft Corporation from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Morgan Stanley reiterated a “buy” rating and set a $72.00 target price on shares of Microsoft Corporation in a research report on Thursday, April 20th. Deutsche Bank AG reiterated a “buy” rating and set a $75.00 target price on shares of Microsoft Corporation in a research report on Thursday, April 6th. Finally, Morningstar, Inc. reiterated a “buy” rating on shares of Microsoft Corporation in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $71.46.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 0.579% on Tuesday, hitting $72.925. The stock had a trading volume of 10,705,672 shares. Microsoft Corporation has a one year low of $52.93 and a one year high of $73.39. The firm’s 50-day moving average is $69.88 and its 200-day moving average is $66.02. The company has a market cap of $563.02 billion, a price-to-earnings ratio of 32.182 and a beta of 1.00.
A number of large investors have recently added to or reduced their stakes in MSFT. 3G Capital Partners LP increased its stake in Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock worth $99,955,000 after buying an additional 106,728 shares during the last quarter. Wealthfront Inc. increased its stake in Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after buying an additional 31,364 shares during the last quarter. AMF Pensionsforsakring AB increased its stake in Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock worth $408,862,000 after buying an additional 606,188 shares during the last quarter. Dodge & Cox bought a new stake in Microsoft Corporation during the fourth quarter worth $2,658,504,000. Finally, Amtrust Financial Services Inc. bought a new stake in Microsoft Corporation during the fourth quarter worth $2,672,000. 72.74% of the stock is currently owned by institutional investors.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $68.85, for a total transaction of $481,950,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jean Philippe Courtois sold 26,694 shares of Microsoft Corporation stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $69.00, for a total value of $1,841,886.00. Following the sale, the insider now directly owns 607,688 shares in the company, valued at $41,930,472. The disclosure for this sale can be found here. Insiders have sold 12,060,786 shares of company stock worth $831,893,332 over the last ninety days. Company insiders own 2.99% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 69.03%.
About Microsoft Corporation
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.
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