Stock Update (NASDAQ:MSFT): The best email app for iOS and Android is from Microsoft, and it’s about to get better

[Business Insider] – When Microsoft announced its intent to shut down Sunrise, the very popular calendar app it bought… Read more on this. Microsoft Corporation (MSFT) , valued at $430.74B, began trading this morning at $54.69. During the trading session, MSFT traded between $54.23 to $54.91 and has traded between $39.72 and $56.85 over the past year. Priced at 19.77x this year’s forecasted earnings, MSFT shares are relatively inexpensive compared to the industry’s 19.98x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.44 per share annually in dividends, yielding 2.59%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.64 per share, which would be $0.03 better than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $2.76 is a $0.30 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.10 Billion. If reported, that would be a 1.70% 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 is $58.80, which is 7.52% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Company Update (NASDAQ:MSFT): Microsoft Buys SwiftKey, Maker of Popular iOS, Android Keyboards Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Rallies on Bullish Coverage, Making its Own SIM Card Stock Update: Microsoft Corporation (NASDAQ:MSFT) – MICROSOFT IS UP 10%: Here’s what a one-point move in MSFT does to the Dow