Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Is Scared To Release HoloLens Because Of The Kinect’s Failure

[at Forbes] – While Sony is gearing up to release PlayStation VR by the end of the year, likely following two other VR releases by HTC and Oculus, Microsoft is approaching the new market with a bit more hesitancy. Though they have deals worked out with Oculus (which is why you get an Read more on this. Microsoft Corporation (MSFT) , valued at $414.92B, began trading this morning at $52.35. Shares have traded today between $52.31 and $53.00 per share with a trailing 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 18.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.67x earnings multiple for the same period. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.78%. According to a consensus of 28 analysts, the earnings estimate of $0.64 per share would be $0.03 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $2.76, which would be a $0.30 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.08 Billion. If realized, that would be a 1.61% 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 $58.56, which is 11.86% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Company Update (NASDAQ:MSFT): Microsoft Offers Tantalizing Glimpse Of HoloLens-Powered Super Bowl Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft opens NY studio to showcase HoloLens headset Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up