Microsoft (MSFT) Set to Announce Quarterly Earnings on Monday

Microsoft (NASDAQ:MSFT - Get Free Report) is scheduled to issue its quarterly earnings data on Monday, January 22nd. Microsoft has set its Q2 2024 guidance at EPS.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.34. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The firm had revenue of $56.52 billion for the quarter, compared to the consensus estimate of $54.52 billion. During the same quarter in the prior year, the firm posted $2.35 earnings per share. The business's revenue was up 12.8% on a year-over-year basis. On average, analysts expect Microsoft to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Microsoft Stock Up 1.2 %

MSFT opened at $398.67 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $376.04 and a 200-day moving average price of $347.59. Microsoft has a twelve month low of $230.90 and a twelve month high of $398.67. The stock has a market capitalization of $2.96 trillion, a price-to-earnings ratio of 38.59, a PEG ratio of 2.32 and a beta of 0.88.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $3.00 annualized dividend and a dividend yield of 0.75%. Microsoft's payout ratio is 29.04%.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 24,681 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the completion of the transaction, the executive vice president now owns 183,761 shares in the company, valued at $67,807,809. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Microsoft

Several institutional investors have recently bought and sold shares of the business. High Pines Wealth Management LLC lifted its position in Microsoft by 1.3% during the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant's stock valued at $712,000 after purchasing an additional 28 shares during the last quarter. Sonen Capital LLC raised its stake in shares of Microsoft by 0.3% in the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant's stock valued at $3,199,000 after acquiring an additional 28 shares during the period. Perritt Capital Management Inc. raised its stake in shares of Microsoft by 3.3% in the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant's stock valued at $296,000 after acquiring an additional 30 shares during the period. Strategic Investment Solutions Inc. IL raised its stake in shares of Microsoft by 0.8% in the first quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant's stock valued at $1,213,000 after acquiring an additional 32 shares during the period. Finally, Arbor Capital Management Inc. ADV raised its stake in shares of Microsoft by 0.5% in the first quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant's stock valued at $2,074,000 after acquiring an additional 33 shares during the period. Institutional investors own 69.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Microsoft from $410.00 to $425.00 and gave the company an "overweight" rating in a report on Tuesday, November 14th. Wedbush boosted their price objective on shares of Microsoft from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Thursday, December 28th. Truist Financial started coverage on shares of Microsoft in a report on Wednesday, December 13th. They set a "buy" rating for the company. Loop Capital started coverage on shares of Microsoft in a report on Tuesday, October 17th. They set a "buy" rating and a $425.00 target price for the company. Finally, Citigroup upped their target price on shares of Microsoft from $430.00 to $432.00 and gave the company a "buy" rating in a report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the company's stock. According to data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $403.16.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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