Research Analysts Set Expectations for Microsoft Co.’s Q2 2018 Earnings (MSFT)
Microsoft Co. (NASDAQ:MSFT) – Equities researchers at Oppenheimer increased their Q2 2018 earnings per share (EPS) estimates for Microsoft in a research report issued on Tuesday. Oppenheimer analyst T. Horan now anticipates that the software giant will post earnings per share of $0.91 for the quarter, up from their prior forecast of $0.90. Oppenheimer currently has a “Outperform” rating and a $115.00 target price on the stock. Oppenheimer also issued estimates for Microsoft’s Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.55 EPS and FY2019 earnings at $4.01 EPS.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share.
Other equities research analysts have also recently issued reports about the company. KeyCorp reiterated a “buy” rating and issued a $94.00 price target on shares of Microsoft in a research note on Friday, October 27th. Stifel Nicolaus boosted their price target on Microsoft from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Goldman Sachs Group set a $88.00 price target on Microsoft and gave the company a “buy” rating in a research note on Thursday, October 19th. Royal Bank of Canada set a $85.00 price target on Microsoft and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Canaccord Genuity upgraded Microsoft from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $86.00 in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have given a buy rating to the stock. Microsoft currently has an average rating of “Buy” and a consensus target price of $86.30.
Shares of Microsoft (NASDAQ MSFT) traded down $0.06 during mid-day trading on Wednesday, hitting $88.22. The company had a trading volume of 19,483,500 shares, compared to its average volume of 22,576,766. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $676,320.00, a PE ratio of 29.80, a P/E/G ratio of 2.06 and a beta of 0.99. Microsoft has a fifty-two week low of $61.95 and a fifty-two week high of $88.73.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.90%. Microsoft’s dividend payout ratio (DPR) is presently 56.76%.
In other news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total transaction of $333,920.00. Following the transaction, the executive vice president now directly owns 185,278 shares in the company, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $3,759,420 in the last three months. Insiders own 1.49% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. lifted its position in Microsoft by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after acquiring an additional 29 shares in the last quarter. Acrospire Investment Management LLC lifted its position in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares in the last quarter. Hefty Wealth Partners lifted its position in Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after acquiring an additional 653 shares in the last quarter. Stelac Advisory Services LLC lifted its position in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares in the last quarter. Finally, Pacific Center for Financial Services lifted its position in Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after acquiring an additional 75 shares in the last quarter. 73.16% of the stock is currently owned by institutional investors.
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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