Market Update (NASDAQ:MSFT): Microsoft Finally Reveals Long-Awaited Xbox One Feature

[at Forbes] – Three years ago, Microsoft made a tantalizing remark about the future of the Xbox One. It was a game console designed to foster creativity and development, the company said, and to that end any retail unit could be converted into a development kit. Microsoft will finally be making good on Read more on this. Microsoft Corporation (MSFT) , with a current value of $436.59B, started the session at $54.93. Today, shares have traded between $54.86 and $55.64 per share with a one year range of $39.72 to $56.85. MSFT shares are currently priced at 19.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.40x earnings multiple. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.66%. 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 $0.04 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 $22.10 Billion. If realized, that would be a 1.70% increase 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. Given all the information above, we should disclose to readers that the average price target is $58.73, which is 6.92% above than it opened this morning. 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) – Microsoft: Why You Should Be Buying An Xbox One This Holiday Season Market Update (NASDAQ:MSFT): Microsoft wants a ‘Halo’ for Xbox One
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