Market Update (NASDAQ:MSFT): Microsoft-Xiaomi Partnership is a Win-win (MSFT)

[at Investopedia] – Microsoft has agreed to sell 1500 patents to Xiaomi. Here’s what this means for the two companies and their businesses Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $411.97B, opened at $52.65. Looking at today’s market, MSFT one day range is $51.83 to $52.74 and has traded between $39.72 and $56.85 over the past 12 months. Microsoft (MSFT) shares are currently priced at 19.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.28x earnings multiple for the same period. The company pays shareholders $1.44 per share annually in dividends, yielding 2.72%. According to a consensus of 29 analysts, the earnings estimate of $0.58 per share would be $0.02 worse than the year-ago quarter and a $0.09 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 predicated on a consensus revenue forecast of $22.17 Billion. If reported, that would be a 0.05% decrease 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. The average price target for MSFT shares by the analysts covering it is $57.66, which is 9.52% above where the stock opened. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Here’s Why Microsoft (MSFT) Stock Is Advancing Today Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Azure: The Engine in BMW’s Mobile App (MSFT, AMZN) Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft and Acer expand partnership to bring Microsoft services to more customers on more devices