Company Update (NYSE:EMC): EMC’s Stock Fell 14% in 2015

[Market Realist] – Driven by a slowdown in the PC segment, shares in the technology, storage, and hardware spaces fell last year. EMC fell 14% in 2015 from $29.83 to $25.68. Read more on this. EMC Corporation (EMC) , valued at $47.81B, opened at $24.60. During today’s session, EMC traded between $24.32 to $24.79 and has traded between $22.66 and $29.57 over the past 12 months. EMC (EMC) shares are currently priced at 13.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.37x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.46 per share annually in dividends, yielding 1.88%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.65 per share, which would be $0.04 worse than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.82, which would be a $0.08 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.14 Billion. If realized, that would be a 1.28% increase over the year-ago quarter. More recently, Wells Fargo downgraded EMC from Outperform to Market Perform (Nov 11, 2015). Previously, Stifel downgraded EMC from Buy to Hold. Investors should keep in mind is that the average price target is $29.80, which is 21.14% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Market Update: EMC Corporation (NYSE:EMC) – EMC Sustainability Initiatives Earn Coveted Spot in 2015 Dow Jones Sustainability Index for 5th Consecutive Year Company Update: EMC Corporation (NYSE:EMC) – Research and Markets: China EMC Test Market 2015 Report With Forecasts to 2019 Company Update: EMC Corporation (NYSE:EMC) – EMC Stock Climbs on Possible Downstream Merger With VMware