Microsoft Corporation Expected to Earn Q1 2018 Earnings of $0.68 Per Share (MSFT)
Microsoft Corporation (NASDAQ:MSFT) – Equities researchers at Griffin Securities cut their Q1 2018 earnings per share (EPS) estimates for shares of Microsoft Corporation in a report issued on Wednesday. Griffin Securities analyst J. Vleeschhouwer now anticipates that the software giant will post earnings of $0.68 per share for the quarter, down from their previous forecast of $0.73. Griffin Securities also issued estimates for Microsoft Corporation’s Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $2.98 EPS, Q1 2019 earnings at $0.76 EPS, Q4 2019 earnings at $0.89 EPS, FY2019 earnings at $3.42 EPS and Q1 2020 earnings at $0.80 EPS.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter last year, the company earned $0.69 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/12/microsoft-corporation-expected-to-earn-q1-2018-earnings-of-0-68-per-share-msft.html.
A number of other analysts have also recently issued reports on the company. ValuEngine upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morgan Stanley restated an “overweight” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research report on Sunday, July 9th. Cowen and Company restated an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of Microsoft Corporation in a research report on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $77.44.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.20%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
In other news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now directly owns 537,519 shares of the company’s stock, valued at $39,776,406. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,108,526 shares of company stock valued at $515,879,974. Corporate insiders own 2.99% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. First National Bank of Mount Dora Trust Investment Services lifted its holdings in Microsoft Corporation by 30.9% during the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 57,133 shares of the software giant’s stock worth $4,256,000 after purchasing an additional 13,473 shares during the last quarter. Beacon Financial Group lifted its holdings in Microsoft Corporation by 15.5% during the 3rd quarter. Beacon Financial Group now owns 31,409 shares of the software giant’s stock worth $2,340,000 after purchasing an additional 4,218 shares during the last quarter. McQueen Ball & Associates Inc. lifted its holdings in Microsoft Corporation by 9.5% during the 3rd quarter. McQueen Ball & Associates Inc. now owns 10,054 shares of the software giant’s stock worth $749,000 after purchasing an additional 874 shares during the last quarter. Eqis Capital Management Inc. lifted its holdings in Microsoft Corporation by 5.5% during the 3rd quarter. Eqis Capital Management Inc. now owns 47,288 shares of the software giant’s stock worth $3,522,000 after purchasing an additional 2,462 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its holdings in Microsoft Corporation by 87.6% during the 3rd quarter. Curbstone Financial Management Corp now owns 51,616 shares of the software giant’s stock worth $3,845,000 after purchasing an additional 24,108 shares during the last quarter. 73.40% of the stock is owned by institutional investors and hedge funds.
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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