Q4 2022 EPS Estimates for Microsoft Co. (NASDAQ:MSFT) Lowered by Oppenheimer

Microsoft Co. (NASDAQ:MSFTGet Rating) – Stock analysts at Oppenheimer decreased their Q4 2022 earnings estimates for shares of Microsoft in a research report issued to clients and investors on Wednesday, April 27th. Oppenheimer analyst T. Horan now anticipates that the software giant will earn $2.36 per share for the quarter, down from their previous estimate of $2.41. Oppenheimer currently has a “Outperform” rating and a $340.00 price target on the stock. Oppenheimer also issued estimates for Microsoft’s FY2023 earnings at $10.79 EPS.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.03. Microsoft had a net margin of 38.50% and a return on equity of 45.73%. The firm had revenue of $49.36 billion for the quarter, compared to analysts’ expectations of $49.05 billion. During the same period in the previous year, the company earned $1.95 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis.

Several other analysts have also issued reports on MSFT. Royal Bank of Canada set a $380.00 target price on Microsoft in a research note on Wednesday, January 26th. Credit Suisse Group set a $400.00 price objective on Microsoft in a research note on Monday. Morgan Stanley increased their target price on shares of Microsoft from $364.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 26th. Evercore ISI lowered their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Microsoft from a “sell” rating to a “hold” rating and set a $329.00 price target on the stock in a research note on Thursday, April 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $354.50.

Microsoft stock opened at $283.22 on Thursday. The business’s 50 day simple moving average is $292.52 and its 200 day simple moving average is $310.44. Microsoft has a 12 month low of $238.07 and a 12 month high of $349.67. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.43 and a beta of 0.91. The company has a current ratio of 2.25, a quick ratio of 2.21 and a debt-to-equity ratio of 0.30.

Institutional investors have recently bought and sold shares of the business. Joseph Group Capital Management bought a new stake in Microsoft in the fourth quarter valued at approximately $1,535,000. Shore Point Advisors LLC bought a new stake in Microsoft during the 4th quarter valued at $40,000. Tobam raised its holdings in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. Macroview Investment Management LLC purchased a new stake in Microsoft during the 4th quarter valued at $62,000. Finally, TFO TDC LLC grew its holdings in Microsoft by 6,566.7% in the 4th quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock worth $68,000 after acquiring an additional 197 shares during the last quarter. 69.41% of the stock is owned by institutional investors and hedge funds.

In other Microsoft news, 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 transaction of $8,487,270.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Emma N. Walmsley acquired 1,700 shares of the business’s stock in a transaction dated Friday, January 28th. The stock was acquired at an average cost of $295.48 per share, with a total value of $502,316.00. The disclosure for this purchase can be found here. 0.05% of the stock is owned by corporate insiders.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, May 19th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, May 18th. This represents a $2.48 dividend on an annualized basis and a yield of 0.88%. Microsoft’s dividend payout ratio is presently 26.41%.

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.

Further Reading

Earnings History and Estimates for Microsoft (NASDAQ:MSFT)

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