Microsoft (NASDAQ:MSFT) Issues Quarterly Earnings Results

Microsoft (NASDAQ:MSFTGet Rating) posted its quarterly earnings results on Tuesday. The software giant reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.19 by $0.03, MarketWatch Earnings reports. Microsoft had a return on equity of 45.73% and a net margin of 38.50%. The business had revenue of $49.36 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same period in the prior year, the company posted $1.95 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year.

Shares of NASDAQ:MSFT traded up $13.83 during trading on Wednesday, hitting $284.05. The stock had a trading volume of 3,614,741 shares, compared to its average volume of 36,328,359. Microsoft has a 12-month low of $238.07 and a 12-month high of $349.67. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. The company has a quick ratio of 2.21, a current ratio of 2.25 and a debt-to-equity ratio of 0.30. The stock has a 50-day simple moving average of $292.67 and a two-hundred day simple moving average of $310.52.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Thursday, May 19th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, May 18th. Microsoft’s payout ratio is 26.41%.

Several analysts have recently issued reports on the company. Barclays set a $363.00 price objective on Microsoft in a report on Wednesday. Morgan Stanley upped their price objective on Microsoft from $364.00 to $372.00 and gave the stock an “overweight” rating in a report on Wednesday, January 26th. JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a report on Wednesday, January 26th. Summit Insights reaffirmed a “buy” rating on shares of Microsoft in a report on Tuesday, January 25th. Finally, Stifel Nicolaus decreased their price target on Microsoft from $380.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Buy” and a consensus price target of $355.63.

In related news, Director Emma N. Walmsley purchased 1,600 shares of Microsoft stock in a transaction that occurred on Monday, January 31st. The stock was bought at an average cost of $311.53 per share, for a total transaction of $498,448.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 27,860 shares of Microsoft stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $304.64, for a total value of $8,487,270.40. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.

Large investors have recently modified their holdings of the company. OLD Mission Capital LLC purchased a new position in Microsoft during the third quarter worth approximately $1,254,000. Carl Stuart Investment Advisor Inc. purchased a new stake in Microsoft in the fourth quarter valued at $928,000. Flow Traders U.S. LLC purchased a new stake in Microsoft in the fourth quarter valued at $828,000. Ulland Investment Advisors LLC purchased a new stake in Microsoft in the fourth quarter valued at $800,000. Finally, ETF Store Inc. purchased a new stake in Microsoft in the fourth quarter valued at $669,000. 69.41% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Company Profile (Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Earnings History for Microsoft (NASDAQ:MSFT)

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