William Blair Weighs in on Microsoft Corporation’s Q3 2018 Earnings (MSFT)

Microsoft Corporation (NASDAQ:MSFT) – Stock analysts at William Blair dropped their Q3 2018 EPS estimates for Microsoft Corporation in a research note issued on Friday. William Blair analyst J. Ader now forecasts that the software giant will post earnings of $0.75 per share for the quarter, down from their prior estimate of $0.77. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Microsoft Corporation’s Q4 2018 earnings at $0.93 EPS.

A number of other analysts have also issued reports on MSFT. Oppenheimer Holdings, Inc. boosted their price target on shares of Microsoft Corporation from $80.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday. Vetr upgraded shares of Microsoft Corporation from a “sell” rating to a “hold” rating and set a $82.07 price target on the stock in a research note on Tuesday. Canaccord Genuity reiterated a “buy” rating and set a $94.00 price target (up from $86.00) on shares of Microsoft Corporation in a research note on Friday. Credit Suisse Group reiterated a “buy” rating and set a $95.00 price target on shares of Microsoft Corporation in a research note on Friday. Finally, Barclays PLC reiterated an “overweight” rating and set a $89.00 price target (up from $82.00) on shares of Microsoft Corporation in a research note on Friday. Two 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. The company presently has an average rating of “Buy” and a consensus price target of $82.61.

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Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.49% on Monday, reaching $83.48. 15,016,718 shares of the company’s stock traded hands. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $86.20. The firm has a market capitalization of $642.98 billion, a P/E ratio of 30.80 and a beta of 1.01. The firm’s 50 day moving average is $76.36 and its 200 day moving average is $72.24.

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

Large investors have recently modified their holdings of the business. Appropriate Balance Financial Services Inc. boosted its stake in Microsoft Corporation by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after buying an additional 29 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Microsoft Corporation by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares during the last quarter. Hefty Wealth Partners boosted its stake in Microsoft Corporation by 65.6% in the 2nd 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 last quarter. Asset Planning Services Ltd. boosted its stake in Microsoft Corporation by 93.0% in the 1st 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 last quarter. Finally, Ullmann Financial Group Inc. acquired a new stake in Microsoft Corporation in the 1st quarter worth about $132,000. 73.35% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now owns 537,519 shares of the company’s stock, valued at $39,776,406. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,081,763 shares of company stock worth $513,899,512. Corporate insiders own 1.49% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.

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.

Earnings History and Estimates for Microsoft Corporation (NASDAQ:MSFT)

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