Microsoft Corporation (NASDAQ:MSFT) – Jefferies Group lifted their Q3 2018 EPS estimates for shares of Microsoft Corporation in a report released on Friday, Zacks Investment Research reports. Jefferies Group analyst J. Difucci now forecasts that the software giant will earn $0.76 per share for the quarter, up from their previous forecast of $0.74. Jefferies Group currently has a “Sell” rating and a $57.00 price objective on the stock. Jefferies Group also issued estimates for Microsoft Corporation’s Q3 2019 earnings at $0.86 EPS and FY2019 earnings at $3.54 EPS.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the business earned $0.76 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year.
A number of other equities analysts have also recently issued reports on the company. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 target price on the stock in a report on Monday. Zacks Investment Research lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Friday. UBS AG set a $105.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research report on Thursday, November 9th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday, November 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $100.00 target price on shares of Microsoft Corporation in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the stock. Microsoft Corporation presently has a consensus rating of “Buy” and a consensus target price of $83.86.
Shares of Microsoft Corporation (MSFT) traded up $0.06 on Monday, reaching $83.93. The company’s stock had a trading volume of 14,196,800 shares, compared to its average volume of 22,458,014. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 12-month low of $57.28 and a 12-month high of $86.20. The company has a market capitalization of $648,410.00, a PE ratio of 24.81, a P/E/G ratio of 1.96 and a beta of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is 52.70%.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold a total of 100,763 shares of company stock valued at $7,574,552 in the last three months. 1.49% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Appropriate Balance Financial Services Inc. grew its position in shares of Microsoft Corporation by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares during the last quarter. Acrospire Investment Management LLC grew its position in shares of Microsoft Corporation by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares during the last quarter. Hefty Wealth Partners grew its position in shares of Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. grew its position in shares of Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the last quarter. Finally, Ullmann Financial Group Inc. bought a new stake in shares of Microsoft Corporation in the 1st quarter valued at about $132,000. 73.37% of the stock is owned by institutional investors and hedge funds.
About Microsoft Corporation
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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