Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft and Acer expand partnership to bring Microsoft services to more customers on more devices

[PR Newswire] – REDMOND, Wash., and TAIPEI, Taiwan, Feb. 10, 2016 /PRNewswire/ — Microsoft Corp. and Acer Inc. announced on Wednesday the expansion of their global partnership to bring Microsoft mobile productivity services to more consumers. From the second half of 2016, Acer will begin pre-installing Microsoft services and apps on its portfolio of Android smartphones and tablets. Specifically, customers will benefit from the productivity tools including Microsoft Word, Excel, PowerPoint, Outlook, OneNote, OneDrive and Skype on select Android smartphones and tablets from Acer. Read more on this. Microsoft Corporation (MSFT) , valued at $393.17B, opened at $49.89. Looking at today’s market, MSFT one day range is $49.52 to $50.39 with a one year range of $39.72 to $56.85. MSFT shares are currently priced at 17.90x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 5.13x earnings multiple. And for passive income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.87%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.64 per share, which would be $0.03 better than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.76 would be a $0.30 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.09 Billion. If realized, that would be a 1.66% increase over the year-ago quarter. More recently, 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 by the analysts covering the stock is $58.89, which is 18.04% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Company Update (NASDAQ:MSFT): Microsoft Windows 10 Reaches 200 Million Devices After 6 Months Company Update: Microsoft Corporation (NASDAQ:MSFT) – Cloud services bolster Microsoft results, shares soar Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up