Stock Update (NASDAQ:MSFT): Microsoft Revenue, Earnings Face Drag From Declining PC Sales

[at Investor’s Business Daily] – Microsoft’s (MSFT) cloud computing businesses continue to grow at a brisk pace, but declining personal computer sales remain a drag on the company’s overall performance, says Jefferies. In a research report … Read more on this. Microsoft Corporation (MSFT) , valued at $387.25B, opened at $48.92. Today, shares have traded between $48.67 and $49.40 per share and has traded between $39.72 and $56.85 over the past year. Microsoft (MSFT) shares are currently priced at 18.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.21x earnings multiple for the same period. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.89%. Consensus earnings for the current quarter by the 29 sell-side analysts covering the stock is an estimate of $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.67 is a $0.21 improvement 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. When considering if the stock is under or overvalued, the average price target is $57.76, which is 18.07% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Earnings: Cloud Growth Shines Through As PC sales Play Spoil Sports Stock Update (NASDAQ:MSFT): Microsoft’s Earnings Are All About Cloud Momentum Stock Update (NASDAQ:MSFT): Read A Year’s Worth Of Microsoft Spinning Xbox One NPD Sales