Microsoft Corporation to Post FY2018 Earnings of $3.35 Per Share, Oppenheimer Holdings Forecasts (MSFT)

Microsoft Corporation (NASDAQ:MSFT) – Stock analysts at Oppenheimer Holdings upped their FY2018 earnings per share (EPS) estimates for Microsoft Corporation in a research note issued on Thursday. Oppenheimer Holdings analyst T. Horan now anticipates that the software giant will post earnings per share of $3.35 for the year, up from their prior forecast of $3.31. Oppenheimer Holdings currently has a “Buy” rating and a $80.00 price target on the stock.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $24.29 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year.

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MSFT has been the subject of a number of other research reports. UBS AG restated a “buy” rating and set a $82.00 target price (up previously from $73.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Barclays PLC restated an “overweight” rating and set a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Canaccord Genuity raised their target price on shares of Microsoft Corporation from $68.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. BMO Capital Markets raised their target price on shares of Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have assigned a buy rating to the company’s stock. Microsoft Corporation has an average rating of “Buy” and an average price target of $76.80.

Microsoft Corporation (NASDAQ:MSFT) opened at 73.98 on Monday. The company has a 50-day moving average of $73.10 and a 200-day moving average of $69.19. The firm has a market cap of $569.81 billion, a price-to-earnings ratio of 27.30 and a beta of 1.00. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.96.

Several hedge funds have recently bought and sold shares of MSFT. Norges Bank bought a new position in shares of Microsoft Corporation in the fourth quarter worth approximately $4,334,099,000. Capital Research Global Investors increased its position in shares of Microsoft Corporation by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Dodge & Cox bought a new position in shares of Microsoft Corporation in the fourth quarter worth approximately $2,658,504,000. Janus Henderson Group PLC increased its position in shares of Microsoft Corporation by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Microsoft Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares during the last quarter. Institutional investors own 73.47% of the company’s stock.

In other news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction dated Tuesday, July 25th. 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 directly owns 544,080 shares in the company, valued at $40,261,920. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,108,526 shares of company stock worth $515,879,974. Company insiders own 2.99% of the company’s stock.

The business also recently declared 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 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio 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.

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

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