Stock Update: Microsoft Corporation (NASDAQ:MSFT) – What Is Sony’s Incentive To Play Nice With Microsoft For PS4-Xbox One Crossplay?

[at Forbes] – Microsoft says that they have the ability for PSN-Xbox Live crossplay, but what exactly is Sony’s motivation to play nice, when they’re so far in the lead this console generation? Read more on this. Microsoft Corporation (MSFT) , valued at $423.86B, started the session at $52.80. Today, shares have traded between $52.74 and $53.59 per share and has traded between $39.72 and $56.85 over the past 12 months. MSFT shares are currently priced at 19.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.79x earnings multiple. The company pays shareholders $1.44 per share annually in dividends, yielding 2.71%. According to a consensus of 29 analysts, the earnings estimate of $0.64 per share would be $0.03 better than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.76, which would be a $0.30 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.08 Billion. If realized, that would be a 1.61% increase over the year-ago quarter. Recently, 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 $58.55, which is 10.89% above where the stock opened. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s gaming boss explains its radical reinvention of the Xbox Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Options Insight: How to Play Microsoft Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft: Why You Should Be Buying An Xbox One This Holiday Season