Microsoft Co. (MSFT) Expected to Post Quarterly Sales of $25.71 Billion

Wall Street analysts expect that Microsoft Co. (NASDAQ:MSFT) will announce sales of $25.71 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Microsoft’s earnings, with the lowest sales estimate coming in at $25.58 billion and the highest estimate coming in at $25.88 billion. Microsoft reported sales of $23.56 billion in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, April 26th.

On average, analysts expect that Microsoft will report full year sales of $107.06 billion for the current fiscal year, with estimates ranging from $105.85 billion to $107.74 billion. For the next year, analysts anticipate that the company will post sales of $115.92 billion per share, with estimates ranging from $109.50 billion to $120.57 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Microsoft.

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Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS.

MSFT has been the topic of several research analyst reports. Oppenheimer set a $100.00 price target on Microsoft and gave the company a “buy” rating in a research note on Tuesday, December 26th. Royal Bank of Canada set a $100.00 price target on Microsoft and gave the company a “buy” rating in a research note on Tuesday, December 26th. Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Tuesday, December 26th. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Piper Jaffray restated a “buy” rating on shares of Microsoft in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirty-one have given a buy rating to the company. Microsoft currently has an average rating of “Buy” and a consensus price target of $100.19.

Microsoft stock traded down $1.11 during trading hours on Friday, hitting $95.00. 31,154,377 shares of the stock traded hands, compared to its average volume of 33,479,612. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. The company has a market cap of $740,027.13, a PE ratio of 28.70, a PEG ratio of 2.23 and a beta of 1.07. Microsoft has a 1 year low of $65.45 and a 1 year high of $97.24.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.77%. Microsoft’s payout ratio is currently 50.76%.

In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now owns 174,778 shares of the company’s stock, valued at $16,254,354. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock valued at $930,900 in the last three months. Insiders own 1.49% of the company’s stock.

Several institutional investors have recently made changes to their positions in MSFT. Chemical Bank grew its position in Microsoft by 2.3% in the fourth quarter. Chemical Bank now owns 101,758 shares of the software giant’s stock worth $8,705,000 after acquiring an additional 2,325 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Microsoft by 7.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 525,814 shares of the software giant’s stock worth $44,978,000 after acquiring an additional 37,939 shares during the period. Certified Advisory Corp purchased a new position in Microsoft in the fourth quarter worth approximately $1,271,000. Ackerman Capital Advisors LLC purchased a new position in Microsoft in the fourth quarter worth approximately $517,000. Finally, Fairfield Bush & CO. grew its position in Microsoft by 2.5% in the fourth quarter. Fairfield Bush & CO. now owns 202,435 shares of the software giant’s stock worth $17,317,000 after acquiring an additional 5,006 shares during the period. 73.84% of the stock is owned by institutional investors and hedge funds.

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Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

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Earnings History and Estimates for Microsoft (NASDAQ:MSFT)

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