Microsoft Co. (NASDAQ: MSFT) has been forecast to post $44.07Bn in quarterly sales by Wall Street analysts. Estimates have been provided by 10 analysts ranging between $43.63Bn and $44.64Bn. In the same period last year, $38.03Bn in quarterly sales was reported indicating a positive 15.9% yearly growth rate. The next quarterly results on its earnings should be posted on 28th July, Wednesday.
Detailed Overview Of MSFT Stock
The latest quarterly results of MSFT’s earnings were posted on 27th April, Tuesday. An EPS of $1.95 was reported beating the consensus $1.76 estimate. The quarterly revenue stood at $41.71Bn, higher than the consensus $40.83Bn estimate. In the same quarter last year, the EPS stood at $1.40.
Several research analysts have covered MSFT stock recently. BMO Capital Markets increased its target price to $290 from $280 on 28th April, Wednesday. Morgan Stanley reissued a rating of “buy” while giving an objective price of $300 on 26th May, Wednesday. Exane BNP Paribas started covering the stock on 22nd April, Thursday. It issued a rating of “outperform” while giving a target price of $330. Citigroup started covering the stock on 3rd March, Wednesday. It issued a rating of “buy” while giving an objective price of $292. Credit Suisse Group upped its objective price to $300 from $265 while issuing a rating of “outperform” on 28th April, Wednesday.
Christopher C. Capossela, the CMO, sold off 6086 shares of MSFT at a $252.66 average price per share on 7th May, Friday. Bradford L. Smith, the President, sold off 8000 shares at a $250.27 average price per share on 10th May, Monday. Ratan Capital Management LP. Proquility Private Wealth Partners LLC, KB Financial Partners LLC, Tompkins Financial Corp, and Prentice Wealth Management LLC all boosted their holdings of MSFT stock.
