Company Update (NASDAQ:MSFT): Microsoft announces quarterly earnings release date

[PR Newswire] – REDMOND, Wash., April 8, 2016 /PRNewswire/ — Microsoft Corp. will publish fiscal year 2016 third-quarter financial results after the close of the market on Thursday, April 21, 2016, on the Microsoft Investor … Read more on this. Microsoft Corporation (MSFT) , valued at $431.83B, began trading this morning at $54.72. Looking at today’s trading action, the company’s one day range from $54.49 to $55.28 and has traded between $39.72 and $56.85 over the past 12 months. MSFT shares are currently priced at 19.73x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.98x forward p/e ratio. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.64%. 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 $0.04 sequential decrease. Investors should also note 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 $22.10 Billion. If realized, that would be a 1.70% increase over the year-ago quarter. In terms of ratings, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $58.80, which is 7.46% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Is Scared To Release HoloLens Because Of The Kinect’s Failure Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Earnings: Cloud Growth Shines Through As PC sales Play Spoil Sports Company Update: Microsoft Corporation (NASDAQ:MSFT) – Buy Microsoft Before Q1 Earnings: FBR