[at Bloomberg] – Oct. 10 (Bloomberg) — In “Company News,” Bloomberg’s Francine Lacqua reports on the top business stories of the day. She speaks on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)…
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Microsoft Corporation (MSFT), currently valued at $278.01B, opened at $33.40.
Looking at the stock, its one day range is $33.26 to $33.59 and has traded between $26.26 and $36.43 over the past year.
MSFT shares are currently priced at 12.16x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -11.12x earnings multiple.
And for passive income investors, the company pays shareholders $1.12 per share annually in dividends, yielding 3.30% .
According to a consensus of 30 analysts, the earnings estimate of $0.55 per share would be $0.02 better than the year-ago quarter but a $0.13 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.72 is $0.07 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.83 Billion. If realized, that would be a 11.37% increase over the year-ago quarter.
In terms of ratings, Stifel downgraded (MSFT) from Buy to Hold (Aug 13, 2013).
Previously, Standpoint Research downgraded (MSFT) from Buy to Hold. Standpoint Research upgraded (MSFT) from Hold to Buy.
With the above information in mind, readers should note that the average price target is $34.44, which is 3.11% above where the stock opened this morning.
Microsoft Corporation (NYSE:MSFT), develops, licenses and supports software, services and hardware devices worldwide. Its is most well known for it’s many Microsoft Operating System, numerous Office Programs, Bing and the various Xbox gaming systems.
Tag Helper ~ Stock Code: MSFT | Common Company name: Microsoft | Full Company name: Microsoft Corporation (NYSE:MSFT) .