Microsoft Corp Stock Rating Reaffirmed by Longbow Research (MSFT)
Shares of Microsoft Corp traded up 0.09% during mid-day trading on Tuesday, hitting $27.895. Microsoft Corp has a one year low of $26.26 and a one year high of $32.95. The stock’s 50-day moving average is currently $27.77. The company has a market cap of $233.7 billion and a P/E ratio of 15.31.
Microsoft Corp last released its earnings data on Thursday, January 24th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $21.46 billion for the quarter, compared to the consensus estimate of $21.53 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that Microsoft Corp will post $2.85 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp in a research note to investors on Tuesday. Separately, analysts at MKM Partners cut their price target on shares of Microsoft Corp from $28.00 to $27.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Jyske Bank reiterated a “buy” rating on shares of Microsoft Corp in a research note to investors on Thursday, March 7th. They now have a $32.00 price target on the stock.
Eighteen analysts have rated the stock with a buy rating, six have given an overweight rating, and sixteen have issued a hold rating to the company’s stock. The company presently has a consensus rating of “overweight” and a consensus price target of $32.95.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, May 14th.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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