Microsoft Corporation Forecasted to Post Q1 2018 Earnings of $0.76 Per Share (MSFT)
Microsoft Corporation (NASDAQ:MSFT) – Equities researchers at Oppenheimer Holdings lowered their Q1 2018 earnings per share estimates for shares of Microsoft Corporation in a research report issued on Thursday. Oppenheimer Holdings analyst T. Horan now forecasts that the software giant will earn $0.76 per share for the quarter, down from their prior estimate of $0.78. Oppenheimer Holdings currently has a “Buy” rating and a $80.00 target price on the stock. Oppenheimer Holdings also issued estimates for Microsoft Corporation’s Q2 2018 earnings at $0.89 EPS, Q4 2018 earnings at $0.89 EPS and FY2019 earnings at $3.61 EPS.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year.
Several other equities research analysts have also weighed in on the company. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 target price on the stock in a research report on Wednesday. Moffett Nathanson assumed coverage on Microsoft Corporation in a research report on Wednesday. They set a “neutral” rating and a $81.00 target price on the stock. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $90.00 target price on shares of Microsoft Corporation in a research report on Sunday, August 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.66.
Microsoft Corporation (NASDAQ:MSFT) opened at 74.34 on Friday. The stock’s 50 day moving average is $73.11 and its 200 day moving average is $69.16. The firm has a market cap of $572.58 billion, a P/E ratio of 27.43 and a beta of 1.00. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.96.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Intl Fcstone Inc. boosted its position in shares of Microsoft Corporation by 221.0% in the second quarter. Intl Fcstone Inc. now owns 41,018 shares of the software giant’s stock worth $2,827,000 after buying an additional 28,238 shares during the period. Griffin Asset Management Inc. purchased a new stake in shares of Microsoft Corporation in the second quarter worth about $6,356,000. Gs Investments Inc. purchased a new stake in shares of Microsoft Corporation in the second quarter worth about $1,733,000. United Bank VA boosted its position in shares of Microsoft Corporation by 1.3% in the second quarter. United Bank VA now owns 67,878 shares of the software giant’s stock worth $4,679,000 after buying an additional 869 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in shares of Microsoft Corporation in the second quarter worth about $201,000. 73.47% of the stock is owned by institutional investors.
In other news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock valued at $515,879,974 over the last 90 days. 2.99% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.10%. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
Microsoft Corporation 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.
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