Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Intel may have totally sunk Microsoft’s latest plan to conquer smartphones

[Business Insider] – Microsoft’s phone business is struggling: Sales of its flagship Lumia brands are down 72% over… Read more on this. Microsoft Corporation (MSFT) , currently valued at $391.29B, opened this morning at $50.34. Looking at today’s market, MSFT one day range is $49.60 to $50.41 and has traded between $39.72 and $56.85 over the past year. Microsoft (MSFT) shares are currently priced at 19.03x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x earnings multiple for the same period. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.89%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.10 sequential decrease. Investors should also note that the full-year EPS estimate of $2.66 is a $0.20 improvement 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 $22.17 Billion. If realized, 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. Investors should keep in mind is that the average price target is $57.73, which is 14.68% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Stock Still a Buy on Cloud Momentum (MSFT) Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Sues DoJ Over Data Request Order (MSFT) Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Rallies on Bullish Coverage, Making its Own SIM Card
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