Company Update: Microsoft Corporation (NASDAQ:MSFT) – Why Microsoft Just Bought More Minecraft

[at Fortune] – MinecraftEdu is part of Microsoft’s growing effort to use the popular video game as a teaching tool in schools worldwide. Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $404.07B, opened at $51.48. During today’s session, MSFT traded between $50.06 to $51.68 with a one year range of $39.72 to $56.85. Priced at 18.47x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry’s 12.46x forward p/e ratio. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.82%. According to a consensus of 28 analysts, the earnings estimate of $0.71 per share would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $2.76 is a $0.30 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 $25.27 Billion. If realized, that would be a 4.53% decrease 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. When considering if the stock is under or overvalued, the average price target is $58.00, which is 12.67% 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