KeyCorp Comments on Microsoft Corporation’s Q2 2018 Earnings (MSFT)
Microsoft Corporation (NASDAQ:MSFT) – Analysts at KeyCorp increased their Q2 2018 earnings per share estimates for shares of Microsoft Corporation in a note issued to investors on Thursday. KeyCorp analyst B. Bracelin now forecasts that the software giant will post earnings of $0.88 per share for the quarter, up from their prior forecast of $0.81. KeyCorp has a “Buy” rating and a $94.00 price objective on the stock. KeyCorp also issued estimates for Microsoft Corporation’s Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.93 EPS, Q1 2019 earnings at $0.88 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.87 EPS, Q4 2019 earnings at $1.02 EPS and FY2019 earnings at $3.70 EPS.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter last year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year.
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A number of other analysts also recently commented on MSFT. Stifel Nicolaus restated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research note on Sunday, July 9th. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Wednesday, July 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. Microsoft Corporation currently has an average rating of “Buy” and a consensus target price of $82.61.
Microsoft Corporation (NASDAQ MSFT) traded down 0.50% on Monday, hitting $83.47. The stock had a trading volume of 12,856,566 shares. Microsoft Corporation has a 52-week low of $57.28 and a 52-week high of $86.20. The company has a 50 day moving average price of $76.36 and a 200-day moving average price of $72.24. The company has a market cap of $642.91 billion, a price-to-earnings ratio of 30.80 and a beta of 1.01.
A number of institutional investors have recently bought and sold shares of the business. Palisade Capital Management LLC NJ raised its stake in Microsoft Corporation by 15.2% in the third quarter. Palisade Capital Management LLC NJ now owns 9,331 shares of the software giant’s stock valued at $695,000 after buying an additional 1,230 shares in the last quarter. Perennial Advisors LLC raised its stake in Microsoft Corporation by 4.3% in the third quarter. Perennial Advisors LLC now owns 49,774 shares of the software giant’s stock valued at $3,708,000 after buying an additional 2,033 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in Microsoft Corporation by 0.5% in the third quarter. Bbva Compass Bancshares Inc. now owns 289,591 shares of the software giant’s stock valued at $21,571,000 after buying an additional 1,532 shares in the last quarter. Crossvault Capital Management LLC raised its stake in Microsoft Corporation by 23.0% in the third quarter. Crossvault Capital Management LLC now owns 74,361 shares of the software giant’s stock valued at $5,539,000 after buying an additional 13,900 shares in the last quarter. Finally, Deltec Asset Management LLC raised its stake in Microsoft Corporation by 50.4% in the third quarter. Deltec Asset Management LLC now owns 103,500 shares of the software giant’s stock valued at $7,710,000 after buying an additional 34,700 shares in the last quarter. Institutional investors own 73.35% of the company’s stock.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,081,763 shares of company stock valued at $513,899,512. 1.49% of the stock is currently owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. Microsoft Corporation’s dividend payout ratio (DPR) is 53.06%.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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