Jefferies Financial Group Analysts Decrease Earnings Estimates for Microsoft Co. (NASDAQ:MSFT)

Microsoft Co. (NASDAQ:MSFTGet Rating) – Jefferies Financial Group reduced their Q4 2022 earnings per share (EPS) estimates for Microsoft in a report released on Wednesday, April 27th. Jefferies Financial Group analyst B. Thill now anticipates that the software giant will post earnings of $2.32 per share for the quarter, down from their previous forecast of $2.38. Jefferies Financial Group also issued estimates for Microsoft’s Q1 2023 earnings at $2.54 EPS, Q2 2023 earnings at $2.74 EPS, Q3 2023 earnings at $2.61 EPS and Q4 2023 earnings at $2.82 EPS.

Several other equities analysts have also weighed in on MSFT. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Microsoft from $390.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research report on Wednesday. Barclays set a $363.00 price objective on shares of Microsoft in a research report on Wednesday. Finally, StockNews.com started coverage on shares of Microsoft in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Buy” and a consensus price target of $356.65.

Shares of Microsoft stock opened at $289.63 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.25 and a quick ratio of 2.21. The company has a market capitalization of $2.17 trillion, a P/E ratio of 30.84, a PEG ratio of 2.43 and a beta of 0.91. The business’s fifty day moving average price is $292.56 and its two-hundred day moving average price is $310.40. Microsoft has a 1-year low of $238.07 and a 1-year high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.03. 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 analyst estimates of $49.05 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year.

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $24,401,940,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $2,952,329,000. State Street Corp grew its position in shares of Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after buying an additional 8,108,943 shares during the period. MFA Wealth Advisors LLC grew its position in shares of Microsoft by 25,253.5% during the 3rd quarter. MFA Wealth Advisors LLC now owns 7,462,051 shares of the software giant’s stock worth $7,924,000 after buying an additional 7,432,619 shares during the period. Finally, Castleview Partners LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $11,872,000. 69.41% of the stock is owned by institutional investors and hedge funds.

In other news, Director Emma N. Walmsley acquired 1,600 shares of Microsoft stock in a transaction that occurred on Monday, January 31st. The shares were acquired at an average price of $311.53 per share, for a total transaction of $498,448.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 27,860 shares of the company’s stock in a transaction dated 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. Insiders own 0.05% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 9th. Investors of record on Thursday, May 19th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $2.48 dividend on an annualized basis and a yield of 0.86%. Microsoft’s dividend payout ratio is currently 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.

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Earnings History and Estimates for Microsoft (NASDAQ:MSFT)

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