Stock Update (NASDAQ:MSFT): Microsoft Surface’s Route To Success From Failure

[at Forbes] – The iPad Pro sold more than the Microsoft Surface family. That’s it, game over. At least that’s how many read the IDC report on tablet market sales released last week. Which is why the question of ‘is the Microsoft Surface range a winning family of devices’? is a better question than ‘did it beat the iPad’. Read more on this. Microsoft Corporation (MSFT) , with a current value of $384.71B, started the session at $49.56. Today, shares have traded between $48.19 and $49.57 per share with its 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 18.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.87%. Consensus earnings for the current quarter by the 29 sell-side analysts covering the stock is an estimate of $0.64 per share, which would be $0.03 better than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.76, which would be a $0.30 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.09 Billion. If reported, that would be a 1.66% increase 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. The average price target for MSFT shares is $58.89, which is 18.83% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – MICROSOFT IS UP 10%: Here’s what a one-point move in MSFT does to the Dow Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Up on New Financial Reporting Structure Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up