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

Equities analysts expect Microsoft Co. (NASDAQ:MSFTGet Rating) to post sales of $52.85 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Microsoft’s earnings. The lowest sales estimate is $52.74 billion and the highest is $53.21 billion. Microsoft posted sales of $46.15 billion during 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 results on Monday, January 1st.

On average, analysts expect that Microsoft will report full year sales of $198.86 billion for the current financial year, with estimates ranging from $194.42 billion to $199.61 billion. For the next fiscal year, analysts forecast that the business will report sales of $226.18 billion, with estimates ranging from $212.32 billion to $230.13 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Microsoft.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The firm had revenue of $49.36 billion during the quarter, compared to analysts’ expectations of $49.05 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis.

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Microsoft from $390.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Evercore ISI reduced their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research report on Wednesday, April 27th. JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a research report on Wednesday, April 27th. Credit Suisse Group set a $400.00 price objective on Microsoft in a research report on Monday, April 25th. Finally, Wolfe Research upped their price objective on Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $353.87.

NASDAQ:MSFT opened at $265.90 on Friday. Microsoft has a 1 year low of $243.00 and a 1 year 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 has a market cap of $1.99 trillion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.15 and a beta of 0.94. The stock has a 50-day moving average price of $283.43 and a two-hundred day moving average price of $303.74.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, May 19th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Wednesday, May 18th. Microsoft’s dividend payout ratio is presently 25.89%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC boosted its holdings in shares of Microsoft by 0.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 166,754 shares of the software giant’s stock valued at $51,412,000 after acquiring an additional 627 shares in the last quarter. Gradient Investments LLC raised its position in Microsoft by 1.5% during the 1st quarter. Gradient Investments LLC now owns 155,345 shares of the software giant’s stock worth $47,894,000 after purchasing an additional 2,358 shares during the last quarter. Martin Currie Ltd. raised its position in Microsoft by 3.5% during the 1st quarter. Martin Currie Ltd. now owns 492,235 shares of the software giant’s stock worth $151,761,000 after purchasing an additional 16,647 shares during the last quarter. Ninety One UK Ltd raised its position in Microsoft by 1.1% during the 1st quarter. Ninety One UK Ltd now owns 8,915,509 shares of the software giant’s stock worth $2,748,741,000 after purchasing an additional 98,819 shares during the last quarter. Finally, Sutton Place Investors LLC raised its position in Microsoft by 34.6% during the 1st quarter. Sutton Place Investors LLC now owns 2,987 shares of the software giant’s stock worth $819,000 after purchasing an additional 768 shares during the last quarter. 69.99% of the stock is currently owned by 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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