Microsoft (NASDAQ:MSFT) Announces Earnings Results

Microsoft (NASDAQ:MSFT) issued its earnings results on Thursday. The software giant reported $1.37 EPS for the quarter, topping the consensus estimate of $1.21 by $0.16, RTT News reports. The company had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a return on equity of 40.48% and a net margin of 31.18%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS.

Shares of Microsoft stock opened at $136.62 on Friday. The firm’s fifty day simple moving average is $133.73. The company has a quick ratio of 2.93, a current ratio of 2.97 and a debt-to-equity ratio of 0.70. The company has a market cap of $1,046.89 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.46 and a beta of 1.21. Microsoft has a 1-year low of $93.96 and a 1-year high of $140.67.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s payout ratio is currently 38.74%.

In other Microsoft news, EVP Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $126.02, for a total transaction of $630,100.00. Following the sale, the executive vice president now owns 144,934 shares of the company’s stock, valued at approximately $18,264,582.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Bradford L. Smith sold 192,300 shares of Microsoft stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $130.34, for a total value of $25,064,382.00. Following the sale, the president now directly owns 754,442 shares in the company, valued at approximately $98,333,970.28. The disclosure for this sale can be found here. Insiders have sold a total of 216,247 shares of company stock worth $28,204,754 in the last ninety days. 1.38% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in MSFT. Orgel Wealth Management LLC grew its holdings in shares of Microsoft by 1.2% in the 2nd quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock worth $870,000 after acquiring an additional 74 shares during the last quarter. Planning Directions Inc. grew its holdings in shares of Microsoft by 3.2% in the 2nd quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock worth $324,000 after acquiring an additional 74 shares during the last quarter. Harvey Investment Co. LLC grew its holdings in shares of Microsoft by 0.4% in the 2nd quarter. Harvey Investment Co. LLC now owns 18,085 shares of the software giant’s stock worth $2,423,000 after acquiring an additional 80 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Microsoft by 1.4% in the 1st quarter. Merit Financial Group LLC now owns 5,822 shares of the software giant’s stock worth $686,000 after acquiring an additional 82 shares during the last quarter. Finally, Navellier & Associates Inc grew its holdings in shares of Microsoft by 0.6% in the 2nd quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock worth $2,050,000 after acquiring an additional 95 shares during the last quarter. 72.05% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on MSFT shares. Royal Bank of Canada set a $165.00 target price on Allergan and gave the stock a “hold” rating in a research report on Monday, March 25th. DZ Bank reiterated a “sell” rating on shares of Sartorius in a research report on Friday. Bank of America upgraded Air Products & Chemicals from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $170.00 to $215.00 in a research report on Thursday, April 25th. Wells Fargo & Co set a $29.00 target price on Establishment Labs and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, CIBC lifted their target price on Intact Financial from C$120.00 to C$134.00 and gave the stock a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have issued a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $146.41.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Further Reading: Asset Allocation and Your Retirement

Earnings History for Microsoft (NASDAQ:MSFT)

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