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Company Update (NASDAQ:MSFT): Convey Supports Microsoft Office Sway Content from Microsoft Corp.

[GlobeNewswire] – ATLANTA, June 08, 2016– Convey Services today announced that the Convey online platform now directly supports Microsoft Office Sway content within catalog posts and pages. The company’ s‘ Convey for Channel’ … Read more on this. Microsoft Corporation (MSFT) , with a current value of $410.20B, opened this morning at $52.02. A quick look at the market, the company’s stock traded between $51.87 and $52.44 with a one year range of $39.72 to $56.85. MSFT shares are currently priced at 19.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.90x forward p/e ratio. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.76%. Consensus earnings for the current quarter by the 29 sell-side analysts covering the stock is an estimate of $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $2.67 is a $0.21 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.17 Billion. If reported, that would be a 0.05% decrease over the year-ago quarter. More recently, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $57.73, which is 10.98% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Sues DoJ Over Data Request Order (MSFT) Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Azure: The Engine in BMW’s Mobile App (MSFT, AMZN) Company Update (NASDAQ:MSFT): Microsoft relocating RTP-area office space
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