Stock Update (NASDAQ:MSFT): Who’s Hiring: Microsoft posts 500 Puget Sound jobs in one week

[at American City Business Journals] – Recruiting: That’s the No. 1 concern we hear from business leaders in the Puget Sound region. Whether the challenges are in finding enough talent to fill thousands of open positions, or recruiting the right mix of people to increase diversity, as PSBJ reporter Ashley Stewart wrote in this week’s paper, there’s no shortage of news. As the PSBJ reported, Microsoft’s change to its consulting policy could put thousands of tech workers out into the hiring pool. Read more on this. Microsoft Corporation (MSFT) , valued at $416.25B, began trading this morning at $51.98. During today’s session, MSFT traded between $51.78 to $52.24 with the price of the stock fluctuating between $39.72 to $56.85 over the last 52 weeks. Priced at 18.29x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry ’s 12.46x forward p/e ratio. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.75%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.71 per share, which would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.76, which would be a $0.30 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $25.26 Billion. If realized, that would be a 4.57% decrease over the year-ago quarter. More recently, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight (Jan 13, 2016). Previously, BMO Capital Markets Initiated MSFT at to Outperform. When considering if the stock is under or overvalued, the average price target is $58.00, which is 11.58% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – MICROSOFT IS UP 10%: Here’s what a one-point move in MSFT does to the Dow Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Up on New Financial Reporting Structure Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up
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