Microsoft Corporation (NASDAQ:MSFT) – Jefferies Group upped their Q2 2018 earnings estimates for shares of Microsoft Corporation in a research report issued to clients and investors on Friday. Jefferies Group analyst J. Difucci now expects that the software giant will earn $0.87 per share for the quarter, up from their prior forecast of $0.78. Jefferies Group has a “Sell” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for Microsoft Corporation’s Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $3.15 EPS, Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.81 EPS, Q4 2019 earnings at $0.85 EPS and FY2019 earnings at $3.38 EPS.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year.
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Several other equities analysts have also commented on MSFT. Stifel Nicolaus set a $80.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company set a $82.50 price target on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday. UBS AG set a $82.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity raised their price target on Microsoft Corporation from $68.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday. Finally, William Blair restated an “outperform” rating on shares of Microsoft Corporation in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have given a buy rating to the stock. Microsoft Corporation has a consensus rating of “Buy” and an average price target of $75.83.
Microsoft Corporation (NASDAQ:MSFT) opened at 73.79 on Monday. The firm’s 50-day moving average is $70.77 and its 200-day moving average is $66.84. The company has a market capitalization of $568.77 billion, a P/E ratio of 27.23 and a beta of 1.00. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.30.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hefty Wealth Partners raised its position 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 buying an additional 653 shares during the period. Asset Planning Services Ltd. raised its position 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 buying an additional 837 shares during the period. Ullmann Financial Group Inc. acquired a new position in Microsoft Corporation during the first quarter worth $132,000. Opera Trading Capital raised its position in Microsoft Corporation by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after buying an additional 2,283 shares during the period. Finally, Pacific Center for Financial Services acquired a new position in Microsoft Corporation during the fourth quarter worth $155,000. 72.74% of the stock is currently owned by institutional investors and hedge funds.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the transaction, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at approximately $14,718,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,165 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the transaction, the insider now directly owns 570,843 shares in the company, valued at $39,388,167. The disclosure for this sale can be found here. Insiders have sold a total of 12,060,786 shares of company stock worth $831,893,332 over the last 90 days. Insiders own 2.99% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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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