Microsoft Corp (MSFT)

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FY2021 EPS Estimates for Microsoft Co. Increased by Oppenheimer (NASDAQ:MSFT)
By: MarketBeat | February 1, 2021

Microsoft Co. (NASDAQ:MSFT) - Equities research analysts at Oppenheimer upped their FY2021 earnings per share estimates for Microsoft in a research note issued on Wednesday, January 27th. Oppenheimer analyst T. Horan now forecasts that the software giant will post earnings per share of $7.53 for the year, up from their previous forecast of $6.78. Oppenheimer currently has a "Outperform" rating and a $275.00 target price on the stock. Oppenheimer also issued estimates for Microsoft's FY2022 earnings at $8.34 EPS. Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Monday, January 25th. The software giant reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.39. The business had revenue of $43.08 billion during the quarter, compared to analyst estimates of $40.23 billion. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The business's revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 earnings per share.

A number of other equities research analysts have also issued reports on the company. Royal Bank of Canada upped their price target on Microsoft from $250.00 to $290.00 and gave the company an "outperform" rating in a research report on Wednesday, January 27th. Wedbush upped their price target on Microsoft from $270.00 to $285.00 and gave the company an "outperform" rating in a research report on Wednesday, January 27th. Smith Barney Citigroup upgraded Microsoft from a "neutral" rating to a "buy" rating in a report on Monday, December 21st. Raymond James upped their price objective on Microsoft from $235.00 to $275.00 and gave the company a "strong-buy" rating in a report on Wednesday, January 27th. Finally, Fundamental Research upped their price objective on Microsoft from $220.41 to $223.67 and gave the company a "top pick" rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company's stock. The company currently has a consensus rating of "Buy" and a consensus target price of $264.77.

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