Company Update: EMC Corporation (NYSE:EMC) – Dell and EMC Take the Next Step in Merger

[24/7 Wall St.] – Dell and EMC have now completed one of the regulatory milestones and received clearance from the FTC to go on with their merger. Read more on this. EMC Corporation (EMC) , currently valued at $49.35B, opened at $25.12. Looking at today’s market, EMC one day range is $25.07 to $25.43 with its 52-week range being $22.66 to $29.24. EMC (EMC) shares are currently priced at 13.39x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 5.51x 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 1.84%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.33 per share, which would be $0.02 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $1.87, which would be a $0.05 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.63 Billion. If reported, that would be a 0.36% increase over the year-ago quarter. Recently, Maxim Group upgraded EMC from Hold to Buy (Jan 28, 2016). Previously, Wells Fargo downgraded EMC from Outperform to Market Perform. When considering if the stock is under or overvalued, the average price target is $28.52, which is 13.54% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Company Update (NYSE:EMC): Only an ‘act of God’ could stop Dell merger, EMC exec says Stock Update: EMC Corporation (NYSE:EMC) – EMC exec predicts job growth after Dell merger Stock Update: EMC Corporation (NYSE:EMC) – What Is the Risk-Reward Ratio in the EMC-Dell Merger?