Microsoft Co. (NASDAQ:MSFT) will be issuing its quarterly earnings data after the market closes on Thursday, July 20th. Analysts expect the company to announce earnings of $0.71 per share for the quarter.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Microsoft had a net margin of 21.73% and a return on equity of 27.80%. The business had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $23.62 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect Microsoft to post $3.03 EPS for the current fiscal year and $3.32 EPS for the next fiscal year.
Shares of Microsoft Co. (MSFT) opened at 73.35 on Tuesday. The company has a market capitalization of $566.30 billion, a P/E ratio of 32.37 and a beta of 1.00. Microsoft Co. has a 12-month low of $52.93 and a 12-month high of $73.45. The company has a 50 day moving average of $69.88 and a 200-day moving average of $66.02.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, August 15th. Microsoft’s dividend payout ratio is currently 69.03%.
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In other Microsoft news, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares of the company’s stock, valued at $14,718,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $69.40, for a total value of $173,500,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,060,786 shares of company stock valued at $831,893,332. 2.99% of the stock is owned by insiders.
Several research analysts have recently issued reports on MSFT shares. Pacific Crest reaffirmed a “buy” rating and issued a $78.00 target price (up previously from $70.00) on shares of Microsoft in a research note on Friday, April 28th. Goldman Sachs Group, Inc. (The) raised their target price on shares of Microsoft from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Morgan Stanley reaffirmed a “buy” rating and issued a $72.00 target price on shares of Microsoft in a research note on Thursday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $75.00 target price on shares of Microsoft in a research note on Thursday, April 6th. Finally, Morningstar, Inc. reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $71.18.
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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