Oppenheimer Holdings Analysts Cut Earnings Estimates for Microsoft Corporation (MSFT)
Microsoft Corporation (NASDAQ:MSFT) – Equities research analysts at Oppenheimer Holdings lowered their Q1 2018 EPS estimates for Microsoft Corporation in a report released on Friday. Oppenheimer Holdings analyst T. Horan now anticipates that the software giant will earn $0.73 per share for the quarter, down from their previous forecast of $0.76. Oppenheimer Holdings has a “Buy” rating and a $80.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Microsoft Corporation’s Q2 2018 earnings at $0.86 EPS and Q3 2018 earnings at $0.76 EPS.
A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a research note on Monday, September 18th. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, September 18th. Canaccord Genuity reissued a “hold” rating and issued a $76.00 target price on shares of Microsoft Corporation in a research note on Friday, September 15th. Vetr cut Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a research note on Tuesday, September 12th. Finally, KeyCorp reissued a “buy” rating and issued a $82.00 target price on shares of Microsoft Corporation in a research note on Sunday, September 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the stock. Microsoft Corporation currently has an average rating of “Buy” and a consensus price target of $76.72.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 74.41 on Monday. The company has a 50 day moving average of $73.41 and a 200-day moving average of $69.80. The stock has a market cap of $573.12 billion, a price-to-earnings ratio of 27.46 and a beta of 1.00. Microsoft Corporation has a one year low of $56.32 and a one year high of $75.97.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s revenue was up 9.1% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ardsley Advisory Partners grew its holdings in Microsoft Corporation by 388.0% during the 2nd quarter. Ardsley Advisory Partners now owns 122,000 shares of the software giant’s stock worth $8,411,000 after acquiring an additional 97,000 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in Microsoft Corporation during the 2nd quarter worth about $752,000. Frontier Investment Mgmt Co. grew its holdings in Microsoft Corporation by 0.4% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 321,044 shares of the software giant’s stock worth $22,130,000 after acquiring an additional 1,254 shares during the period. Burgundy Asset Management Ltd. grew its holdings in Microsoft Corporation by 1.5% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,182,079 shares of the software giant’s stock worth $288,271,000 after acquiring an additional 62,294 shares during the period. Finally, Intl Fcstone Inc. grew its holdings in Microsoft Corporation by 221.0% during the 2nd quarter. Intl Fcstone Inc. now owns 41,018 shares of the software giant’s stock worth $2,827,000 after acquiring an additional 28,238 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.
In other news, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was 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. Over the last quarter, insiders sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is currently owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s payout ratio is 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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