Q2 2018 Earnings Forecast for Microsoft Corporation (MSFT) Issued By Oppenheimer Holdings
Microsoft Corporation (NASDAQ:MSFT) – Investment analysts at Oppenheimer Holdings raised their Q2 2018 earnings estimates for shares of Microsoft Corporation in a research report issued on Monday. Oppenheimer Holdings analyst T. Horan now anticipates that the software giant will post earnings per share of $0.90 for the quarter, up from their previous estimate of $0.86. Oppenheimer Holdings has a “Outperform” rating and a $92.00 price target on the stock. Oppenheimer Holdings also issued estimates for Microsoft Corporation’s Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $3.47 EPS and FY2019 earnings at $3.77 EPS.
A number of other equities analysts have also recently issued reports on MSFT. Stifel Nicolaus restated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a report on Sunday, July 9th. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Wednesday, July 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. Microsoft Corporation presently has a consensus rating of “Buy” and a consensus target price of $82.61.
COPYRIGHT VIOLATION WARNING: “Q2 2018 Earnings Forecast for Microsoft Corporation (MSFT) Issued By Oppenheimer Holdings” was posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/q2-2018-earnings-forecast-for-microsoft-corporation-msft-issued-by-oppenheimer-holdings/1676069.html. Microsoft Corporation (NASDAQ:MSFT) last posted its 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 company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. Microsoft Corporation’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change 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 is 53.06%.
In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the company’s 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 transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 537,519 shares in the company, valued at approximately $39,776,406. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,081,763 shares of company stock worth $513,899,512. 1.49% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Advantus Capital Management Inc lifted its holdings in Microsoft Corporation by 0.4% during the 3rd quarter. Advantus Capital Management Inc now owns 782,319 shares of the software giant’s stock worth $58,275,000 after buying an additional 3,263 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in Microsoft Corporation by 224.5% during the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 15,900 shares of the software giant’s stock worth $1,184,000 after buying an additional 11,000 shares in the last quarter. Swiss National Bank lifted its holdings in Microsoft Corporation by 0.8% during the 3rd quarter. Swiss National Bank now owns 27,269,470 shares of the software giant’s stock worth $2,031,303,000 after buying an additional 224,300 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Microsoft Corporation by 393.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 17,638 shares of the software giant’s stock worth $1,314,000 after buying an additional 14,065 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in Microsoft Corporation by 65.1% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 8,589 shares of the software giant’s stock worth $640,000 after buying an additional 3,386 shares in the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
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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