Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s gaming boss explains its radical reinvention of the Xbox

[Business Insider] – For the past fifteen years, “Microsoft Xbox” has practically been synonymous with video games… Read more on this. Microsoft Corporation (MSFT) , valued at $404.36B, opened this morning at $50.97. A quick look at the market, the company’s stock traded between $50.92 and $51.16 and has traded between $39.72 and $56.85 over the past 12 months. MSFT shares are currently priced at 18.88x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.10x earnings multiple. The company pays shareholders $1.44 per share annually in dividends, yielding 2.81%. 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 predicated on a consensus revenue forecast of $22.08 Billion. If reported, 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. With the above information in mind, readers should note that the average price target is $58.56, which is 14.89% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft: Why You Should Be Buying An Xbox One This Holiday Season Market Update (NASDAQ:MSFT): Microsoft wants a ‘Halo’ for Xbox One Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Former Xbox Head: Xbox One Launch Problems Were Predictable And Preventable