Microsoft Co. (NASDAQ:MSFT) Expected to Post Earnings of $1.24 Per Share

Equities analysts expect Microsoft Co. (NASDAQ:MSFT) to post $1.24 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Microsoft’s earnings, with the lowest EPS estimate coming in at $1.19 and the highest estimate coming in at $1.32. Microsoft reported earnings per share of $1.14 during the same quarter last year, which suggests a positive year-over-year growth rate of 8.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Microsoft will report full year earnings of $5.22 per share for the current year, with EPS estimates ranging from $5.13 to $5.41. For the next year, analysts anticipate that the company will post earnings of $5.89 per share, with EPS estimates ranging from $5.53 to $6.27. Zacks’ EPS calculations are an average based on a survey of research firms that cover Microsoft.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year.

MSFT has been the subject of several recent research reports. Mizuho set a $152.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Friday, September 6th. Canaccord Genuity upped their price objective on Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Microsoft in a research note on Wednesday, July 24th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Microsoft in a research note on Thursday, August 29th. Finally, Macquarie upped their price objective on Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $149.21.

In other Microsoft news, CMO Christopher C. Capossela sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $135.58, for a total transaction of $1,220,220.00. Following the transaction, the chief marketing officer now directly owns 119,579 shares in the company, valued at approximately $16,212,520.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 99,837 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $137.20, for a total value of $13,697,636.40. Following the transaction, the chief executive officer now owns 1,124,339 shares in the company, valued at $154,259,310.80. The disclosure for this sale can be found here. Insiders have sold a total of 318,757 shares of company stock worth $43,735,918 over the last 90 days. Company insiders own 1.38% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Calamos Advisors LLC lifted its holdings in shares of Microsoft by 4.8% in the 4th quarter. Calamos Advisors LLC now owns 3,422,119 shares of the software giant’s stock worth $347,585,000 after purchasing an additional 156,334 shares in the last quarter. Eldridge Investment Advisors Inc. lifted its holdings in shares of Microsoft by 10.2% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 7,365 shares of the software giant’s stock worth $748,000 after purchasing an additional 684 shares in the last quarter. Pflug Koory LLC lifted its holdings in shares of Microsoft by 6.2% in the 4th quarter. Pflug Koory LLC now owns 15,905 shares of the software giant’s stock worth $1,615,000 after purchasing an additional 930 shares in the last quarter. Evermay Wealth Management LLC lifted its holdings in shares of Microsoft by 6.3% in the 4th quarter. Evermay Wealth Management LLC now owns 16,929 shares of the software giant’s stock worth $1,719,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Jentner Corp lifted its holdings in shares of Microsoft by 10.8% in the 4th quarter. Jentner Corp now owns 2,168 shares of the software giant’s stock worth $220,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 72.39% of the company’s stock.

Shares of Microsoft stock traded down $0.20 on Friday, hitting $137.32. The stock had a trading volume of 16,359,913 shares, compared to its average volume of 25,676,770. The stock has a 50 day moving average of $137.19 and a 200 day moving average of $128.64. Microsoft has a twelve month low of $93.96 and a twelve month high of $141.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. The firm has a market capitalization of $1,039.03 billion, a P/E ratio of 28.91, a PEG ratio of 2.37 and a beta of 1.22.

About Microsoft

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

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Earnings History and Estimates for Microsoft (NASDAQ:MSFT)

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