Company Update (NASDAQ:MSFT): Microsoft relocating RTP-area office space

[at American City Business Journals] – Perimeter Park in Morrisville, home to the U.S. headquarters of Lenovo, ChannelAdvisor and multiple other international firms, has scored another big-name tech company brand. Technology giant Microsoft … Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $415.71B, began trading this morning at $51.90. A quick look at the market, the company’s stock traded between $51.86 and $52.77 with a one year range of $39.72 to $56.85. MSFT shares are currently priced at 18.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.96x earnings multiple. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.77%. 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. The full-year EPS estimate is $2.76 which would be a $0.30 improvement than last year’s full-year earnings. 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. Recently, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. The average price target for MSFT shares is $58.55, which is 12.81% 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 Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Office update emphasizes collaboration