Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Corporation Remains A Software Giant Amid Headwinds

Microsoft Corporation (NASDAQ:MSFT) [at Seeking Alpha] – The PC market, a category that included desktops and laptops, continues to shrink as consumers shift towards tablets and “phablets” (smartphones with larger displays). The stagnant rate of PC …
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Microsoft Corporation (MSFT), valued at $310.70B, opened this morning at $37.64.
Today’s price range has been between $37.19 and $37.74 per share and has traded between $27.33 and $38.98 over the past 12 months.
MSFT shares are currently priced at 13.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -14.27x earnings multiple.
The company pays shareholders $1.12 per share in dividend income per year, for a current yield of 2.90%.
Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.63 per share, which would be $0.09 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.71 which would be a $0.06 improvement than last year’s full-year earnings.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.39 Billion. If realized, that would be a 0.49% decrease over the year-ago quarter.
Recently, Deutsche Bank upgraded MSFT from Hold to Buy (Jan 23, 2014). Previously, Barclays upgraded MSFT from Equal Weight to Overweight.
Investors should keep in mind is that the average price target is $38.42, which is 2.07% above where the stock opened this morning.
Microsoft Corporation (NASDAQ: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 (NASDAQ:MSFT) .

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