Stock Update (NASDAQ:QCOM): Qualcomm Schedules First Quarter Fiscal 2016 Earnings Release and Conference Call

[PR Newswire] – SAN DIEGO, Jan. 13, 2016 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company’s financial results for its first quarter fiscal 2016 on Wednesday, January … Read more on this. QUALCOMM Incorporated (QCOM) , valued at $71.56B, began trading this morning at $47.48. During today’s session, QCOM traded between $47.23 to $47.97 with the price of the stock fluctuating between $45.33 to $74.09 over the last 52 weeks. QCOM shares are currently priced at 11.16x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.54x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.92 per share annually in dividends, yielding 4.19%. According to a consensus of 29 analysts, the earnings estimate of $0.90 per share would be $0.44 worse than the year-ago quarter and a $0.19 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.17, which would be a $0.49 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.68 Billion. If reported, that would be a 20.00% decrease over the year-ago quarter. More recently, JP Morgan upgraded QCOM from Neutral to Overweight (Dec 17, 2015). Previously, Nomura downgraded QCOM from Buy to Neutral. The average price target for QCOM shares by the analysts covering the stock is $62.20, which is 31.00% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm Schedules Fourth Quarter and Fiscal 2015 Earnings Release and Conference Call Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Earnings Report: Q3 2015 Conference Call Transcript Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Stock Down in After-hours Trading Following Earnings Results