Microsoft Co. (NASDAQ: MSFT) expected $ 50.32 billion in sales this quarter
Stock analysts expect Microsoft Co. (NASDAQ: MSFT) to report $ 50.32 billion in revenue for the current quarter, according to Zacks. Ten analysts have released earnings estimates for Microsoft, with estimates ranging from $ 46.92 billion to $ 51.36 billion. Microsoft reported revenue of $ 43.08 billion in the same quarter of last year, which would suggest a positive year-over-year growth rate of 16.8%. The company is expected to announce its next quarterly results on Tuesday, January 25.
According to Zacks, analysts expect Microsoft to report annual revenue of $ 194.98 billion for the current fiscal year, with estimates ranging from $ 186.80 billion to $ 198.48 billion. dollars. For the next fiscal year, analysts predict the company will post revenue of $ 220.51 billion, with estimates ranging from $ 199.57 billion to $ 231.63 billion. Zacks’ sales calculations are an average based on a survey of research analysts who cover Microsoft.
Microsoft (NASDAQ: MSFT) last reported its results on Monday, October 25. The software giant reported earnings per share of $ 2.27 for the quarter, beating the consensus estimate of $ 2.08 by $ 0.19. Microsoft had a return on equity of 45.80% and a net margin of 38.51%. The company posted revenue of $ 45.32 billion for the quarter, compared to a consensus estimate of $ 44 billion. During the same period last year, the company posted EPS of $ 1.82. The company’s revenue increased 22.0% year-on-year.
Several research analysts weighed on MSFT stocks. Jefferies Financial Group set a target price of $ 375.00 on Microsoft in a research note on Wednesday, December 29. Morgan Stanley raised its price target on Microsoft from $ 331.00 to $ 364.00 and rated the company as “overweight” in a report released on Wednesday, October 27. Mizuho raised its price target on Microsoft from $ 350.00 to $ 360.00 and gave the company a “buy” rating in a report released on Wednesday, October 27. KeyCorp raised its price target on Microsoft from $ 342.00 to $ 365.00 and rated the company as “overweight” in a report released on Monday, October 25. Finally, JPMorgan Chase & Co. raised its price target on Microsoft from $ 310.00 to $ 320.00 and rated the company as “overweight” in a report released on Wednesday, October 27. One equity research analyst rated the stock with a conservation rating, thirty-three assigned a buy rating, and another rated the company a high buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $ 349.63.
In other Microsoft news, CEO Satya Nadella sold 419,292 shares of the company in a transaction dated Monday, November 22. The stock was sold for an average price of $ 344.61, for a total trade of $ 144,492,216.12. The transaction was disclosed in a file with the Securities & Exchange Commission, which is accessible through the SEC website. In addition, director Teri List sold 1,650 shares of the company in a transaction dated Tuesday, December 7. The shares were sold for an average price of $ 334.90, for a total value of $ 552,585. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 530,699 shares of the company valued at $ 181,312,457. Company insiders own 0.05% of the company’s shares.
Several institutional investors and hedge funds have recently changed their holdings to MSFT. Dark Forest Capital Management LP acquired a new position in Microsoft shares during the third quarter valued at approximately $ 71,000. Syverson Strege & Co acquired a new position in Microsoft shares in the third quarter valued at approximately $ 72,000. Yale University acquired a new position in Microsoft shares in the second quarter valued at approximately $ 110,000. First Command Advisory Services Inc. acquired a new position in Microsoft shares in the third quarter valued at approximately $ 127,000. Finally, Cutler Capital Management LLC acquired a new position in Microsoft shares in the second quarter valued at approximately $ 163,000. Institutional investors hold 69.05% of the shares of the company.
MSFT shares opened at $ 336.32 on Monday. The company’s 50-day moving average is $ 332.90 and its two-hundred-day moving average is $ 304.78. Microsoft has a twelve-month low of $ 211.94 and a twelve-month high of $ 349.67. The company has a market cap of $ 2.53 trillion, a P / E ratio of 37.62, a price / earnings-growth ratio of 3.04, and a beta of 0.87. The company has a current ratio of 2.16, a rapid ratio of 2.12 and a debt ratio of 0.33.
The company also recently unveiled a quarterly dividend, which will be paid on Thursday, March 10. Shareholders of record on Thursday, February 17 will receive a dividend of $ 0.62. This represents a dividend of $ 2.48 on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday February 16. Microsoft’s dividend payout ratio is currently 27.74%.
Microsoft announced that its board of directors on Tuesday, September 14 approved a share buyback plan allowing the company to buy back $ 60.00 billion in shares. This buyback authorization allows the software giant to buy up to 2.7% of its shares through open market purchases. Share buyback plans usually indicate that company management believes its shares are undervalued.
Microsoft Corp. engages in the development and support of software, services, devices and solutions. It operates through the following business segments: Productivity and business processes; Intelligent cloud; and more personal computing. The Productivity and Business Processes segment comprises products and services from the company’s productivity, communications and information services portfolio spanning a variety of devices and platforms.
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