Microsoft Corporation (MSFT) Set to Announce Quarterly Earnings on Wednesday
Microsoft Corporation (NASDAQ:MSFT) is scheduled to announce its earnings results after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.78 per share for the quarter.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $24.29 billion. During the same period in the prior year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts expect Microsoft Corporation to post $3.20 EPS for the current fiscal year and $3.62 EPS for the next fiscal year.
Microsoft Corporation (NASDAQ:MSFT) opened at 76.29 on Wednesday. The firm has a market capitalization of $587.60 billion, a price-to-earnings ratio of 28.15 and a beta of 1.01. The stock has a 50 day moving average of $74.32 and a 200 day moving average of $70.89. Microsoft Corporation has a one year low of $56.32 and a one year high of $76.63.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. 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 2.20%. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Amy Hood sold 55,000 shares of the business’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 sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. 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 over the last three months. 2.99% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Microsoft Corporation by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the period. Capital Research Global Investors raised its holdings in Microsoft Corporation by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the period. Janus Henderson Group PLC raised its holdings in Microsoft Corporation by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the period. Legal & General Group Plc raised its holdings in Microsoft Corporation by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after buying an additional 425,485 shares during the period. Finally, Swiss National Bank raised its holdings in Microsoft Corporation by 3.0% during the 2nd quarter. Swiss National Bank now owns 27,045,170 shares of the software giant’s stock worth $1,864,224,000 after buying an additional 799,500 shares during the period. Hedge funds and other institutional investors own 73.40% of the company’s stock.
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Several research firms recently issued reports on MSFT. Credit Suisse Group set a $84.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. Barclays PLC reissued an “overweight” rating and issued a $82.00 target price (up from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Raymond James Financial, Inc. raised their target price on shares of Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. MKM Partners reissued a “neutral” rating and issued a $70.00 target price (up from $66.00) on shares of Microsoft Corporation in a research report on Sunday, July 23rd. Finally, BidaskClub cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $77.44.
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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