Market Update (NASDAQ:MSFT): Li Tong Group’s Consumer Trade-in Program Scores Strong Sustainability, Economic Gains for Microsoft in Hong Kong

[Business Wire] – HONG KONG–(BUSINESSWIRE)– Demonstrating its unique capacity to serve the seemingly disparate goals of reducing clients’ carbon footprints while also boosting sales, the Li Tong Group (LTG) has successfully implemented a technology trade-in program for Microsoft that does exactly that. Since the onset of the program in Hong Kong in May 2015, the all-online electronic product trade-in platform has driven sales of new Microsoft hardware purchases as well as helped the company reach its sustainability goals by reducing the carbon footprint of its manufacturing processes. The program, designed and managed by LTG, offers Hong Kong consumers a convenient way to trade-in Microsoft products in exchange for coupons towards new products available through Microsoft’s online store. Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $420.48B, started trading this morning at $52.00. Shares have traded today between $51.57 and $53.01 per share with its 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 18.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.42x earnings multiple. And for passive income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.75%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.71 per share, which would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.76 which would be a $0.30 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $25.24 Billion. If realized, that would be a 4.65% decrease over the year-ago quarter. In terms of ratings, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight (Jan 13, 2016). Previously, BMO Capital Markets Initiated MSFT at to Outperform. Given all the information above, we should disclose to readers that the average price target is $57.91, which is 11.37% above than it opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Company Update: Microsoft Corporation (NASDAQ:MSFT) – A Microsoft Options Trade That Didn’t Work — What You Can Learn From It Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Smart money makes ‘stupid’ trade on Microsoft Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up