Microsoft Corporation (NASDAQ:MSFT) Given Price Target Of $59


As per Microsoft Corporation (NASDAQ:MSFT)’s news release on 2016-06-15, its shareholders will get cash dividend of $0.36 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-18 and 2016-09-08, respectively.

The stock will commence trading ex-dividend from 2016-08-16, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Microsoft Corporation (NASDAQ:MSFT) disbursed $0.36 in dividend compared to distribution of $0.36, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 14.876%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Microsoft Corporation (NASDAQ:MSFT) to attain a price target of $59. It is an average estimate figure given by 21 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $65. The low price range is set at $36 for next year while the arithmetic mean is seen at 1.65.

Eyeing Earnings Microsoft Corporation (NASDAQ:MSFT) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.68 for the period ending on 2016-09-30.

In last quarter ended 2016-06-30, Microsoft Corporation (NASDAQ:MSFT) earnings came at $0.69 suggesting a deviation of $0.11. The brokerages targeted EPS of $0.58 for the quarter.

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