Market Update (NASDAQ:MSFT): Bill Gates talked to Reid Hoffman about being on Microsoft’s board of directors

[Business Insider] – On May 9th, not too long after Microsoft and LinkedIn began their initial talks about the… Read more on this. Microsoft Corporation (MSFT) , with a current value of $402.14B, opened this morning at $51.13. A quick look at the market, the company’s stock traded between $51.07 and $51.72 with its 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 19.16x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.21x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.91%. Consensus earnings for the current quarter by the 29 sell-side analysts covering the stock is an estimate of $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.67, which would be a $0.21 improvement 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 $22.15 Billion. If realized, that would be a 0.14% decrease over the year-ago quarter. More recently, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $58.13, which is 13.69% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Company Update (NASDAQ:MSFT): Is Microsoft Out of the Driverless Cars Market? (MSFT) Market Update (NASDAQ:MSFT): Microsoft-Xiaomi Partnership is a Win-win (MSFT) Market Update (NASDAQ:MSFT): Has Microsoft Become the Ultimate Value Stock? (MSFT)