Microsoft Co. (MSFT) Expected to Announce Quarterly Sales of $28.34 Billion

Wall Street brokerages predict that Microsoft Co. (NASDAQ:MSFT) will report $28.34 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Microsoft’s earnings, with the highest sales estimate coming in at $28.57 billion and the lowest estimate coming in at $28.20 billion. Microsoft reported sales of $26.07 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Microsoft will report full year sales of $28.34 billion for the current financial year, with estimates ranging from $104.78 billion to $106.99 billion. For the next year, analysts anticipate that the business will post sales of $113.82 billion per share, with estimates ranging from $108.61 billion to $119.48 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Microsoft.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS.

Several research analysts have weighed in on the stock. Argus raised shares of Microsoft from a “hold” rating to a “buy” rating and increased their price target for the company from $57.28 to $95.00 in a report on Tuesday, October 31st. Goldman Sachs Group set a $92.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, October 27th. Vetr cut shares of Microsoft from a “hold” rating to a “sell” rating and set a $78.90 target price on the stock. in a report on Monday, October 30th. Barclays reaffirmed an “overweight” rating and set a $89.00 target price (up from $82.00) on shares of Microsoft in a report on Friday, October 27th. Finally, UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $85.87.

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the sale, the executive vice president now owns 185,278 shares in the company, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock worth $3,759,420 in the last 90 days. Company insiders own 1.49% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Washington Trust Bank lifted its holdings in shares of Microsoft by 5.2% during the fourth quarter. Washington Trust Bank now owns 199,990 shares of the software giant’s stock worth $17,108,000 after purchasing an additional 9,951 shares during the period. Neville Rodie & Shaw Inc. raised its stake in Microsoft by 0.6% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 186,697 shares of the software giant’s stock worth $15,970,000 after buying an additional 1,145 shares during the last quarter. Atlantic Trust Group LLC raised its stake in Microsoft by 40.7% during the third quarter. Atlantic Trust Group LLC now owns 6,573,548 shares of the software giant’s stock worth $489,663,000 after buying an additional 1,901,312 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Microsoft by 4.9% during the third quarter. Parametric Portfolio Associates LLC now owns 19,522,906 shares of the software giant’s stock worth $1,454,261,000 after buying an additional 913,251 shares during the last quarter. Finally, Affiance Financial LLC raised its stake in Microsoft by 14.0% during the third quarter. Affiance Financial LLC now owns 6,121 shares of the software giant’s stock worth $456,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 73.16% of the company’s stock.

Microsoft (MSFT) traded up $0.41 during trading on Wednesday, reaching $85.95. 22,481,201 shares of the company’s stock traded hands, compared to its average volume of 20,599,301. The company has a market cap of $666,150.00, a PE ratio of 29.04, a P/E/G ratio of 1.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft has a 52-week low of $61.95 and a 52-week high of $87.50.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.95%. Microsoft’s dividend payout ratio is 56.76%.

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Microsoft 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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