Jefferies Group Comments on Microsoft Corporation’s Q2 2018 Earnings (MSFT)
Microsoft Corporation (NASDAQ:MSFT) – Equities researchers at Jefferies Group reduced their Q2 2018 earnings per share (EPS) estimates for Microsoft Corporation in a research note issued on Thursday. Jefferies Group analyst J. Difucci now anticipates that the software giant will post earnings of $0.82 per share for the quarter, down from their prior estimate of $0.87. Jefferies Group has a “Sell” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for Microsoft Corporation’s FY2018 earnings at $3.11 EPS.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results 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. The business had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. TRADEMARK VIOLATION NOTICE: “Jefferies Group Comments on Microsoft Corporation’s Q2 2018 Earnings (MSFT)” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/23/jefferies-group-comments-on-microsoft-corporations-q2-2018-earnings-msft.html.
Other research analysts also recently issued reports about the company. Credit Suisse Group set a $84.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Barclays PLC reiterated an “overweight” rating and set a $82.00 price objective (up from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Raymond James Financial, Inc. increased their price objective on Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a report on Friday, July 21st. MKM Partners reiterated a “neutral” rating and set a $70.00 price objective (up from $66.00) on shares of Microsoft Corporation in a report on Sunday, July 23rd. Finally, BidaskClub downgraded Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have given a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and an average price target of $78.13.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 78.81 on Monday. The firm has a market capitalization of $607.01 billion, a price-to-earnings ratio of 29.08 and a beta of 1.01. The stock’s 50 day moving average price is $75.30 and its 200 day moving average price is $71.50. Microsoft Corporation has a one year low of $57.28 and a one year high of $78.97.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gierl Augustine Investment Management Inc lifted its holdings in Microsoft Corporation by 0.3% during the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after buying an additional 13 shares during the period. New Capital Management LP lifted its holdings in Microsoft Corporation by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after buying an additional 22 shares during the period. Nottingham Advisors Inc. lifted its holdings in Microsoft Corporation by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after buying an additional 22 shares during the period. American Economic Planning Group Inc. ADV lifted its holdings in Microsoft Corporation by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after buying an additional 23 shares during the period. Finally, Carderock Capital Management Inc. lifted its holdings in Microsoft Corporation by 0.7% during the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after buying an additional 26 shares during the period. 73.37% of the stock is currently owned by hedge funds and other institutional investors.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Amy Hood sold 55,000 shares of Microsoft Corporation 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 transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock worth $515,879,974 over the last ninety days. Company insiders own 2.99% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.13%. Microsoft Corporation’s payout ratio is presently 57.78%.
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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