Company Update (NYSE:EMC): EMC to Publish Quarterly Financial Results On July 18

[PR Newswire] – EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. EMC is a registered trademark of EMC Corporation in the United States and/or other countries. This communication contains forward-looking information about EMC Corporation and the proposed transaction that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. Read more on this. EMC Corporation (EMC) , with a current market cap of $53.77B, started trading this morning at $27.37. During today’s session, EMC traded between $27.34 to $27.56 and has traded between $22.66 and $28.77 over the past year. EMC (EMC) shares are currently priced at 15.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.55x earnings multiple for the same period. The company pays shareholders $0.46 per share in dividend income per year, for a current yield of 1.69%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $0.42 per share, which would be $0.01 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.80, which would be a $0.02 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 $6.00 Billion. If realized, that would be a 1.15% decrease over the year-ago quarter. In terms of ratings, Sterne Agee CRT downgraded EMC from Buy to Neutral (Jun 2, 2016). Previously, UBS downgraded EMC from Buy to Neutral. With the above information in mind, readers should note that the average price target is $28.91, which is 5.63% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Company Update: EMC Corporation (NYSE:EMC) – How A Worldwide Decline In Storage Systems Sales Impacts EMC Company Update (NYSE:EMC): New EMC {code} Projects Broaden EMC’s Open Source Contributions Market Update: EMC Corporation (NYSE:EMC) – EMC To Announce Fourth-Quarter and Full-Year 2015 Financial Results On January 27