Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft CEO Satya Nadella on Brexit: We need a ‘connected world’

[Business Insider] – Microsoft CEO Satya Nadella says that the shockwaves of the Brexit vote aren’t going to change… Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $397.27B, opened at $49.91. Shares have traded today between $49.80 and $50.72 per share and has traded between $39.72 and $56.85 over the past 12 months. MSFT shares are currently priced at 18.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.21x forward p/e ratio. 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, 29 sell-side analysts are looking at $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $2.67 is a $0.21 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.16 Billion. If reported, that would be a 0.09% decrease 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 the stock is $57.76, which is 15.73% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update (NASDAQ:MSFT): There’s one key area that Microsoft CEO Satya Nadella hasn’t changed but probably should Stock Update: Microsoft Corporation (NASDAQ:MSFT) – How Microsoft CEO Satya Nadella plans to beat Amazon in the cloud Company Update (NASDAQ:MSFT): Satya Nadella gave us a startling reminder of Microsoft’s global power