Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Report: Microsoft Announcing New Xbox Hardware At E3

[at Forbes] – If Microsoft is indeed announcing new Xbox hardware at E3, the real question than becomes whether this is a “we’re working on it” sort of announcement or a “this is coming out in the fall.” Major platform holder announcements at E3 are often geared towards fall releases, and the manufacturing reports would support that. If Sony is showing up with both PSVR and the Neo in the fall, Microsoft will need something to counter with. Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $395.11B, started trading this morning at $50.62. Looking at today’s trading action, the company’s one day range from $50.26 to $50.77 with a trailing 52-week range being $39.72 to $56.85. Microsoft (MSFT) shares are currently priced at 19.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.73x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.44 per share annually in dividends, yielding 2.78%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $0.59 per share, which would be $0.01 worse than the year-ago quarter and a $0.08 sequential decrease. Investors should also note that the full-year EPS estimate of $2.67 is a $0.21 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 $22.23 Billion. If realized, that would be a 0.23% 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 the stock is under or overvalued, the average price target is $57.86, which is 14.30% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – What Is Sony’s Incentive To Play Nice With Microsoft For PS4-Xbox One Crossplay? Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s gaming boss explains its radical reinvention of the Xbox Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft: Why You Should Be Buying An Xbox One This Holiday Season