Microsoft Co. (NASDAQ:MSFT) – Equities research analysts at Oppenheimer lifted their Q2 2019 earnings per share estimates for Microsoft in a research note issued on Thursday, October 25th. Oppenheimer analyst T. Horan now forecasts that the software giant will post earnings of $1.12 per share for the quarter, up from their prior forecast of $1.07. Oppenheimer currently has a “Buy” rating and a $127.00 price objective on the stock. Oppenheimer also issued estimates for Microsoft’s Q4 2019 earnings at $1.23 EPS, FY2019 earnings at $4.52 EPS and FY2020 earnings at $5.14 EPS.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The company had revenue of $29.08 billion during the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share.
NASDAQ MSFT opened at $106.96 on Friday. The company has a market cap of $844.13 billion, a PE ratio of 27.57, a PEG ratio of 2.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86. Microsoft has a 1-year low of $80.70 and a 1-year high of $116.18.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Wednesday, November 14th. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s payout ratio is currently 43.30%.
In other Microsoft news, CEO Satya Nadella sold 203,418 shares of Microsoft stock in a transaction on Friday, October 26th. The shares were sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the completion of the sale, the chief executive officer now owns 1,014,247 shares of the company’s stock, valued at approximately $108,199,869.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the sale, the executive vice president now directly owns 339,972 shares of the company’s stock, valued at approximately $37,842,283.32. The disclosure for this sale can be found here. Insiders have sold a total of 853,460 shares of company stock valued at $92,965,482 in the last ninety days. Company insiders own 1.38% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peak Capital Management LLC bought a new position in shares of Microsoft during the second quarter worth $107,000. Fort L.P. bought a new position in shares of Microsoft during the second quarter worth $119,000. Woodard & Co. Asset Management Group Inc. ADV boosted its position in shares of Microsoft by 90.5% during the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock worth $119,000 after purchasing an additional 498 shares in the last quarter. WP Advisors LLC bought a new position in shares of Microsoft during the second quarter worth $131,000. Finally, Quattro Financial Advisors LLC bought a new position in shares of Microsoft during the third quarter worth $132,000. 71.91% of the stock is owned by hedge funds and other institutional investors.
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 for businesses, 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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