$52.85 Billion in Sales Expected for Microsoft Co. (NASDAQ:MSFT) This Quarter

Analysts expect Microsoft Co. (NASDAQ:MSFT – Get Rating) to report $52.85 billion in sales for the current quarter, according to Zacks. Eleven analysts have issued estimates for Microsoft’s earnings, with the lowest sales estimate coming in at $52.74 billion and the highest estimate coming in at $53.21 billion. Microsoft posted sales of $46.15 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.5%. The business is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Microsoft will report full-year sales of $198.86 billion for the current year, with estimates ranging from $194.42 billion to $199.61 billion. For the next fiscal year, analysts anticipate that the company will post sales of $226.18 billion, with estimates ranging from $212.32 billion to $230.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Microsoft.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The firm had revenue of $49.36 billion for the quarter, compared to analyst estimates of $49.05 billion. During the same period last year, the company earned $1.95 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis.

Several equities analysts have recently weighed in on the company. Summit Insights reaffirmed a “buy” rating on shares of Microsoft in a research note on Tuesday, January 25th. JPMorgan Chase & Co. set a $320.00 target price on Microsoft in a report on Wednesday, April 27th. Stifel Nicolaus dropped their target price on Microsoft from $380.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. UBS Group set a $360.00 price objective on Microsoft in a report on Monday, April 11th. Finally, William Blair restated an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $356.37.

In related news, insider Bradford L. Smith sold 27,860 shares of the business’s stock in a transaction that occurred on Tuesday, February 8th. The stock was sold at an average price of $304.64, for a total transaction of $8,487,270.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Steward Financial Group LLC acquired a new position in Microsoft during the 4th quarter worth $330,000. Oppenheimer Asset Management Inc. boosted its position in Microsoft by 0.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 717,041 shares of the software giant’s stock worth $241,156,000 after acquiring an additional 3,421 shares during the period. Zimmermann Investment Management & Planning LLC bought a new stake in shares of Microsoft in the 4th quarter worth $2,550,000. Principal Street Partners LLC raised its stake in shares of Microsoft by 3.2% in the 4th quarter. Principal Street Partners LLC now owns 27,004 shares of the software giant’s stock worth $9,082,000 after buying an additional 830 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. raised its stake in shares of Microsoft by 1.8% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 198,595 shares of the software giant’s stock worth $66,791,000 after buying an additional 3,512 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.

Shares of NASDAQ:MSFT opened at $277.35 on Friday. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.42 and a beta of 0.94. Microsoft has a 12-month low of $238.07 and a 12-month high of $349.67. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $291.82 and its two-hundred day moving average price is $309.86.

The business 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 0.89%. Microsoft’s dividend payout ratio is currently 25.89%.

About Microsoft (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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