Microsoft Co. to Post Q1 2020 Earnings of $0.98 Per Share, Griffin Securities Forecasts (MSFT)

Microsoft Co. (NASDAQ:MSFT) – Research analysts at Griffin Securities lifted their Q1 2020 earnings per share (EPS) estimates for Microsoft in a report issued on Monday, October 15th. Griffin Securities analyst J. Vleeschhouwer now anticipates that the software giant will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.96. Griffin Securities currently has a “Buy” rating and a $124.00 target price on the stock. Griffin Securities also issued estimates for Microsoft’s Q1 2021 earnings at $1.12 EPS.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share.

MSFT has been the topic of several other reports. Oppenheimer reiterated a “buy” rating and set a $127.00 price objective on shares of Microsoft in a research report on Monday, September 24th. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, August 27th. Royal Bank of Canada set a $124.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, September 10th. Atlantic Securities upgraded shares of Microsoft from a “neutral” rating to an “overweight” rating in a research report on Monday, June 25th. Finally, Macquarie upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 price objective on the stock in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $120.60.

NASDAQ MSFT opened at $111.00 on Wednesday. The firm has a market capitalization of $880.63 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 2.19 and a beta of 1.28. Microsoft has a 1 year low of $77.25 and a 1 year high of $116.18. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.

Large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Microsoft by 1.4% during the 2nd quarter. BlackRock Inc. now owns 506,636,253 shares of the software giant’s stock worth $49,959,403,000 after acquiring an additional 6,786,483 shares during the last quarter. FMR LLC lifted its position in Microsoft by 2.4% during the 2nd quarter. FMR LLC now owns 231,776,134 shares of the software giant’s stock worth $22,855,445,000 after acquiring an additional 5,367,919 shares during the last quarter. Northern Trust Corp lifted its position in Microsoft by 0.3% during the 2nd quarter. Northern Trust Corp now owns 93,397,574 shares of the software giant’s stock worth $9,209,934,000 after acquiring an additional 258,761 shares during the last quarter. Morgan Stanley lifted its position in Microsoft by 3.6% during the 2nd quarter. Morgan Stanley now owns 58,069,024 shares of the software giant’s stock worth $5,726,188,000 after acquiring an additional 2,007,248 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Microsoft by 1.2% during the 2nd quarter. Janus Henderson Group PLC now owns 48,317,706 shares of the software giant’s stock worth $4,764,670,000 after acquiring an additional 592,272 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

In related news, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the sale, the chief marketing officer now directly owns 190,570 shares in the company, valued at $20,814,055.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margaret L. Johnson sold 47,000 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the completion of the sale, the executive vice president now owns 109,687 shares of the company’s stock, valued at $11,809,999.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 650,042 shares of company stock worth $71,264,850. 1.49% of the stock is currently owned by corporate insiders.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, November 14th. Microsoft’s payout ratio is currently 43.30%.

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 for businesses, 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.

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