Microsoft Corp. (MSFT) Expected to Post Q1 2017 Earnings of $0.67 Per Share
Microsoft Corp. (NASDAQ:MSFT) – Investment analysts at Griffin Securities lowered their Q1 2017 earnings per share (EPS) estimates for shares of Microsoft Corp. in a research report issued to clients and investors on Tuesday. Griffin Securities analyst J. Vleeschhouwer now anticipates that the firm will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.69. Griffin Securities also issued estimates for Microsoft Corp.’s FY2017 earnings at $3.05 EPS.
Other analysts have also recently issued research reports about the stock. Vetr raised shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 target price on the stock in a report on Tuesday, June 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $57.00 target price on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura reaffirmed a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 target price on shares of Microsoft Corp. and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Microsoft Corp. in a report on Friday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the stock. Microsoft Corp. has a consensus rating of “Buy” and a consensus target price of $59.41.
Microsoft Corp. (NASDAQ:MSFT) opened at 57.60 on Friday. Microsoft Corp. has a 52-week low of $45.70 and a 52-week high of $58.70. The company has a market capitalization of $448.85 billion, a P/E ratio of 27.43 and a beta of 1.08. The firm has a 50-day moving average of $57.50 and a 200 day moving average of $54.21.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The business had revenue of $22.60 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same period last year, the firm earned $0.60 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.71%. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is presently 70.24%.
In related news, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total transaction of $139,850,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 143,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total value of $8,289,710.00. Following the sale, the chief executive officer now directly owns 1,200,822 shares in the company, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of MSFT. Euclid Advisors LLC raised its stake in Microsoft Corp. by 24.6% in the first quarter. Euclid Advisors LLC now owns 672,938 shares of the software giant’s stock valued at $37,166,000 after buying an additional 132,695 shares in the last quarter. First Manhattan Co. raised its stake in Microsoft Corp. by 1.4% in the second quarter. First Manhattan Co. now owns 7,974,066 shares of the software giant’s stock valued at $408,033,000 after buying an additional 108,933 shares in the last quarter. Roffman Miller Associates Inc. PA raised its stake in Microsoft Corp. by 5.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 390,571 shares of the software giant’s stock valued at $19,986,000 after buying an additional 21,496 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its stake in Microsoft Corp. by 24.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 914,066 shares of the software giant’s stock valued at $50,484,000 after buying an additional 182,140 shares in the last quarter. Finally, BlackRock Japan Co. Ltd raised its stake in Microsoft Corp. by 4.7% in the first quarter. BlackRock Japan Co. Ltd now owns 10,180,441 shares of the software giant’s stock valued at $562,266,000 after buying an additional 457,908 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.
About Microsoft Corp.
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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