[at Motley Fool] – Despite the sell-off in the Dow Jones Industrial Average, shares of Microsoft are rallying early on Friday. Shares of Hewlett-Packard and Gogo are dropping.
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Microsoft Corporation (MSFT), valued at $300.07B, began trading this morning at $35.94.
Today’s price range has been between $35.83 and $36.15 per share and has traded between $26.28 and $38.98 over the past 12 months.
Microsoft (MSFT) shares are currently priced at 13.31x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -23.12x earnings multiple for the same period.
And for income investors, the company pays shareholders $1.12 per share annually in dividends, yielding 3.10%.
Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.07 worse than the year-ago quarter and a $0.06 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.67 would be a $0.02 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.
More recently, Stifel downgraded MSFT from Buy to Hold (Aug 13, 2013). Previously, Standpoint Research downgraded MSFT from Buy to Hold.
Investors should keep in mind is that the average price target is $36.69, which is 2.09% 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) .