Company Update: EMC Corporation (NYSE:EMC) – EMC Declares Quarterly Cash Dividend

[PR Newswire] – HOPKINTON, Mass., Dec. 18, 2015 /PRNewswire/ — EMC Corporation (NYSE: EMC) today announced that the Company’s Board of Directors has declared a quarterly cash dividend of $0.115 per common share. The … Read more on this. EMC Corporation (EMC) , with a current market cap of $49.26B, started trading this morning at $25.48. Shares have traded today between $25.35 and $26.21 per share and has traded between $22.66 and $30.92 over the past 12 months. EMC shares are currently priced at 14.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.48x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.46 per share annually in dividends, yielding 1.78%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.65 per share, which would be $0.04 worse than the year-ago quarter and a $0.03 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 predicated on a consensus revenue forecast of $7.14 Billion. If reported, that would be a 1.28% increase over the year-ago quarter. Recently, Wells Fargo upgraded EMC from Market Perform to Outperform (Jul 23, 2015). Previously, FBR Capital downgraded EMC from Outperform to Mkt Perform. When considering if the stock is under or overvalued, the average price target is $29.80, which is 16.95% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Stock Update (NYSE:DOV): Dover Declares Regular Quarterly Cash Dividend Market Update (NYSE:PH): Parker Declares Quarterly Cash Dividend Stock Update (NASDAQ:INTC): Intel Declares Quarterly Cash Dividend