Market Update: EMC Corporation (NYSE:EMC) – EMC To Announce Fourth-Quarter and Full-Year 2015 Financial Results On January 27

[PR Newswire] – HOPKINTON, Mass., Jan. 13, 2016 /PRNewswire/ — EMC Corporation (NYSE: EMC) will publish its fourth-quarter and full-year 2015 financial results on January 27, 2016 at approximately 7:00 a.m. ET. EMC … Read more on this. EMC Corporation (EMC) , valued at $46.90B, opened this morning at $24.67. Looking at today’s trading action, the company’s one day range from $24.17 to $24.83 with its 52-week range being $22.66 to $29.24. Priced at 13.55x this year’s forecasted earnings, EMC shares are relatively expensive compared to the industry’s 8.37x forward p/e ratio. And for passive income investors, 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. What we find to be interesting is that the full-year EPS estimate of $1.82 is a $0.08 worse when compared to the previous 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. In terms of ratings, Wells Fargo downgraded EMC from Outperform to Market Perform (Nov 11, 2015). Previously, Stifel downgraded EMC from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $29.80, which is 20.79% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Market Update (NYSE:PPG): PPG to Announce Fourth Quarter and Full-Year 2015 Results Jan. 21, 2016 Market Update: EMC Corporation (NYSE:EMC) – EMC To Announce Third-Quarter Financial Results On October 21 Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker to Announce Fiscal 2015 Fourth Quarter and Full Year Earnings on August 4; Conference Call and Webcast Scheduled for 11 a.m. Eastern