Market Update: Microsoft Corporation (NASDAQ:MSFT) – The first version of Microsoft’s insane holographic goggles will cost $3,000 and have these games

[Business Insider] – Today, Microsoft released a flood of new details on the first, developer-focused version of its… Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $405.75B, opened at $51.35. During today’s session, MSFT traded between $51.00 to $51.38 with a trailing 52-week range being $39.72 to $56.85. Microsoft (MSFT) shares are currently priced at 18.88x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.75x earnings multiple for the same period. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.76%. 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. What we find to be interesting is that the full-year EPS estimate of $2.76 is a $0.30 better 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 $22.08 Billion. If realized, that would be a 1.61% 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 it is $58.56, which is 14.04% above where the stock opened. 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 Market Update: Microsoft Corporation (NASDAQ:MSFT) – At Microsoft, the Clouds Are Lifting Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up
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