Jefferies Group Weighs in on Microsoft Corporation’s Q3 2018 Earnings (MSFT)
Microsoft Corporation (NASDAQ:MSFT) – Stock analysts at Jefferies Group upped their Q3 2018 EPS estimates for shares of Microsoft Corporation in a report issued on Friday. Jefferies Group analyst J. Difucci now forecasts that the software giant will post earnings per share of $0.76 for the quarter, up from their prior estimate of $0.74. Jefferies Group currently has a “Sell” rating and a $57.00 target price on the stock. Jefferies Group also issued estimates for Microsoft Corporation’s Q3 2019 earnings at $0.86 EPS and FY2019 earnings at $3.54 EPS.
Other equities research analysts have also recently issued reports about the stock. Vetr cut shares of Microsoft Corporation from a “hold” rating to a “sell” rating and set a $78.90 price target for the company. in a report on Monday. Stifel Nicolaus upped their price target on shares of Microsoft Corporation from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Credit Suisse Group set a $84.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Raymond James Financial, Inc. upped their price target on shares of Microsoft Corporation to $84.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Barclays PLC restated an “overweight” rating and set a $82.00 price target (up from $77.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.40.
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Microsoft Corporation (NASDAQ:MSFT) opened at 83.81 on Monday. The stock has a market capitalization of $645.53 billion, a price-to-earnings ratio of 30.93 and a beta of 1.01. The firm has a 50-day moving average price of $76.09 and a 200 day moving average price of $72.00. Microsoft Corporation has a 52-week low of $57.28 and a 52-week high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of MSFT. Acrospire Investment Management LLC raised its holdings in Microsoft Corporation by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Hefty Wealth Partners raised its holdings in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Asset Planning Services Ltd. raised its holdings in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares during the period. Ullmann Financial Group Inc. acquired a new stake in Microsoft Corporation in the first quarter worth $132,000. Finally, Stelac Advisory Services LLC raised its holdings in Microsoft Corporation by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Institutional investors own 73.35% of the company’s stock.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 55,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction 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 $37,097,878.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,081,763 shares of company stock worth $513,899,512. Insiders own 1.49% of the company’s stock.
The firm also recently disclosed 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. 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 dividend on an annualized basis and a yield of 2.00%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.
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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