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Market Update (NASDAQ:MSFT): Microsoft’s stock drop is just ‘short-term noise’

[at MarketWatch] – Microsoft missed third-quarter earnings expectations, but many analysts say the miss and the resulting stock plunge was just a short-term blip in a bullish longer-term outlook. Read more on this. Microsoft Corporation (MSFT) , currently valued at $410.33B, opened this morning at $51.78. Looking at today’s trading action, the company’s one day range from $51.63 to $52.10 with its 52-week range being $39.72 to $56.85. Priced at 19.32x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry’s 16.73x forward p/e ratio. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.78%. According to a consensus of 30 analysts, the earnings estimate of $0.59 per share would be $0.01 worse than the year-ago quarter and a $0.11 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.68 would be a $0.22 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 $22.28 Billion. If realized, that would be a 0.45% 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. Investors should keep in mind is that the average price target is $58.02, which is 12.05% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s stock drop is just short-term noise Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Azure: The Engine in BMW’s Mobile App (MSFT, AMZN) Market Update (NASDAQ:MSFT): Has Microsoft Become the Ultimate Value Stock? (MSFT)
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