Stock Update: Microsoft Corporation (NYSE:MSFT) – Indie game developers warm to Xbox One, but can Microsoft catch Sony?

Microsoft Corporation (NYSE:MSFT) [at The Verge] – But the fact that the PS4′s headlining experience is an indie game shouldn’t be too surprising: the company has been actively courting smaller developers for some time now. And in the early days after the PS4 and Xbox One were revealed, it seemed clear that Sony’s machine would be the place to go for cool indie games. “This first wave of developers is just the start,” says program director Chris Charla. Microsoft says that it has sent out more than 50 developer kits to studios, with more units being sent out daily, and has reiterated its goal of turning every Xbox One into a dev kit.
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Microsoft Corporation (MSFT), valued at $322.65B, started the session at $38.25.
Looking at today’s trading action, the company’s one day range from $38.12 to $38.68 with its 52-week range being $26.26 to $38.78.
Microsoft (MSFT) shares are currently priced at 14.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -22.13x earnings multiple for the same period.
The company pays shareholders $1.12 per share in dividend income per year, for a current yield of 3.00%.
According to a consensus of 29 analysts, the earnings estimate of $0.69 per share would be $0.07 worse than the year-ago quarter and a $0.08 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.66 would be a $0.01 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $23.67 Billion. If reported, that would be a 10.30% 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.
When considering if the stock is under or overvalued, the average price target is $36.32, which is 5.05% below 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.
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