Microsoft Co. (NASDAQ:MSFT) Expected to Announce Quarterly Sales of $40.94 Billion


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Wall Street brokerages predict that Microsoft Co. (NASDAQ:MSFT) will announce sales of $40.94 billion for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Microsoft’s earnings, with estimates ranging from $40.54 billion to $41.39 billion. Microsoft posted sales of $35.02 billion in the same quarter last year, which indicates a positive year over year growth rate of 16.9%. The business is scheduled to report its next quarterly earnings results on Wednesday, May 5th.

On average, analysts expect that Microsoft will report full-year sales of $163.51 billion for the current financial year, with estimates ranging from $159.11 billion to $165.52 billion. For the next fiscal year, analysts expect that the company will report sales of $180.62 billion, with estimates ranging from $168.71 billion to $185.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Microsoft.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Monday, January 25th. The software giant reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.39. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The company had revenue of $43.08 billion for the quarter, compared to analysts’ expectations of $40.23 billion. During the same period in the previous year, the firm posted $1.51 EPS. Microsoft’s revenue was up 16.7% compared to the same quarter last year.

Several research analysts have recently weighed in on MSFT shares. Oppenheimer boosted their target price on Microsoft from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Credit Suisse Group boosted their target price on Microsoft from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Argus boosted their target price on Microsoft from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, January 28th. Cowen boosted their target price on Microsoft from $245.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Finally, Royal Bank of Canada boosted their target price on Microsoft from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $268.12.

In other news, EVP Kathleen T. Hogan sold 30,000 shares of the company’s stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $212.43, for a total transaction of $6,372,900.00. Following the sale, the executive vice president now owns 189,064 shares of the company’s stock, valued at $40,162,865.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jean Philippe Courtois sold 18,358 shares of the company’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $239.60, for a total value of $4,398,576.80. Following the sale, the executive vice president now directly owns 593,915 shares in the company, valued at approximately $142,302,034. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of MSFT. Regentatlantic Capital LLC grew its stake in shares of Microsoft by 30.0% during the third quarter. Regentatlantic Capital LLC now owns 309,239 shares of the software giant’s stock worth $65,042,000 after purchasing an additional 71,441 shares in the last quarter. D. Scott Neal Inc. boosted its stake in Microsoft by 9.1% in the third quarter. D. Scott Neal Inc. now owns 2,498 shares of the software giant’s stock valued at $525,000 after acquiring an additional 209 shares in the last quarter. Cutler Investment Counsel LLC boosted its stake in Microsoft by 5.1% in the third quarter. Cutler Investment Counsel LLC now owns 84,155 shares of the software giant’s stock valued at $17,700,000 after acquiring an additional 4,068 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its stake in Microsoft by 25.7% in the third quarter. Measured Wealth Private Client Group LLC now owns 12,192 shares of the software giant’s stock valued at $2,564,000 after acquiring an additional 2,493 shares in the last quarter. Finally, Retirement Planning Group boosted its stake in Microsoft by 1.7% in the third quarter. Retirement Planning Group now owns 4,899 shares of the software giant’s stock valued at $1,030,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.

MSFT stock traded down $1.24 during trading on Tuesday, hitting $233.27. The stock had a trading volume of 30,153,900 shares, compared to its average volume of 29,577,211. The stock has a market capitalization of $1.76 trillion, a P/E ratio of 37.57, a PEG ratio of 2.44 and a beta of 0.83. The company’s 50-day moving average price is $230.54 and its two-hundred day moving average price is $218.05. Microsoft has a twelve month low of $132.52 and a twelve month high of $246.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 2.49.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 11th. Stockholders of record on Thursday, February 18th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Wednesday, February 17th. Microsoft’s dividend payout ratio is currently 38.89%.

Microsoft Company Profile

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 small and medium businesses, large organizations, and divisions of enterprises.

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