Several brokerages have updated their recommendations and price targets on shares of Microsoft Corp. (NASDAQ: MSFT) in the last few weeks:
Microsoft Corp. (NASDAQ:MSFT) traded down 0.098% during midday trading on Friday, hitting $60.341. The company had a trading volume of 4,298,070 shares. The company has a 50 day moving average price of $59.10 and a 200 day moving average price of $55.68. Microsoft Corp. has a 1-year low of $48.04 and a 1-year high of $61.37. The firm has a market capitalization of $469.17 billion, a P/E ratio of 28.899 and a beta of 1.16.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. The company had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $21.71 billion. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Equities research analysts forecast that Microsoft Corp. will post $2.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.39 per share. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is currently 75.00%.