Company Update (NASDAQ:MSFT): Microsoft Buys SwiftKey, Maker of Popular iOS, Android Keyboards

[at Bloomberg] – Microsoft Inc. has agreed to buy U.K. startup SwiftKey, the application company best known for its free software that replaces the default keyboard on phones and tablets manufactured by Apple Inc and Alphabet … Read more on this. Microsoft Corporation (MSFT) , valued at $421.25B, opened at $53.25. Looking at the equity, the company’s one day range is $53.19 to $53.39 and has traded between $39.72 and $56.85 over the past 12 months. MSFT shares are currently priced at 19.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x earnings multiple. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.61%. According to a consensus of 29 analysts, the earnings estimate of $0.65 per share would be $0.04 better than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $2.78 is a $0.32 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 $22.16 Billion. If realized, that would be a 1.98% increase over the year-ago quarter. More recently, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight (Jan 13, 2016). Previously, BMO Capital Markets Initiated MSFT at to Outperform. Investors should keep in mind is that the average price target is $58.92, which is 10.65% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – MICROSOFT IS UP 10%: Here’s what a one-point move in MSFT does to the Dow Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Up on New Financial Reporting Structure Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up