Microsoft Corporation (MSFT) Expected to Announce Quarterly Sales of $23.63 Billion
Analysts expect that Microsoft Corporation (NASDAQ:MSFT) will report sales of $23.63 billion for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Microsoft Corporation’s earnings. The highest sales estimate is $23.98 billion and the lowest is $23.35 billion. Microsoft Corporation posted sales of $20.45 billion during the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The company is scheduled to announce its next earnings results on Thursday, October 19th.
On average, analysts expect that Microsoft Corporation will report full year sales of $23.63 billion for the current year, with estimates ranging from $102.32 billion to $105.85 billion. For the next year, analysts expect that the firm will post sales of $111.70 billion per share, with estimates ranging from $107.80 billion to $116.91 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Microsoft Corporation.
Microsoft Corporation (NASDAQ:MSFT) last announced 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 company had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the previous year, the company earned $0.69 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year.
Several equities research analysts recently commented on MSFT shares. ValuEngine upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 target price on shares of Microsoft Corporation in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research report on Sunday, July 9th. Cowen and Company reiterated an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of Microsoft Corporation in a research report on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $76.72.
In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were 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 owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock valued at $515,879,974 in the last 90 days. Corporate insiders own 2.99% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Microsoft Corporation by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares in the last quarter. State Street Corp increased its position in Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after acquiring an additional 2,552,473 shares in the last quarter. Norges Bank acquired a new stake in Microsoft Corporation in the 4th quarter valued at about $4,334,099,000. Capital Research Global Investors increased its position in Microsoft Corporation by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Microsoft Corporation by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares in the last quarter. Hedge funds and other institutional investors own 73.47% of the company’s stock.
Shares of Microsoft Corporation (MSFT) traded up 0.35% during mid-day trading on Thursday, hitting $75.47. 4,752,090 shares of the stock traded hands. Microsoft Corporation has a 52 week low of $55.98 and a 52 week high of $75.48. The stock has a 50-day moving average of $73.16 and a 200-day moving average of $69.41. The company has a market cap of $581.29 billion, a price-to-earnings ratio of 27.85 and a beta of 1.00.
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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