Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL)

[at Investopedia] – Losing Apple’s business would be a major blow to Qualcomm, which suffered massive revenue losses after its chip was left out of Samsung’s phones in 2015. Read more on this. QUALCOMM Incorporated (QCOM) , currently valued at $75.78B, opened this morning at $50.00. A quick look at the market, the company’s stock traded between $49.67 and $50.94 with a one year range of $42.24 to $71.90. QCOM shares are currently priced at 12.24x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.88x earnings multiple. And for passive income investors, the company pays shareholders $2.12 per share annually in dividends, yielding 4.17%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.96 per share, which would be $0.44 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $4.10, which would be a $0.56 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.33 Billion. If realized, that would be a 22.64% decrease over the year-ago quarter. Recently, Barclays downgraded QCOM from Overweight to Equal Weight (Mar 28, 2016). Previously, Bernstein upgraded QCOM from Mkt Perform to Outperform. With the above information in mind, readers should note that the average price target is $56.75, which is 13.50% above where the stock opened this morning. See more in (NASDAQ:QCOM) Similar Articles: Stock Update: Qualcomm Incorporated (NASDAQ:QCOM) – Qualcomm (QCOM) Stock Downgraded at Barclays Company Update: Qualcomm Incorporated (NASDAQ:QCOM) – Has Qualcomm Become a Value Stock? (QCOM) Market Update: Qualcomm Incorporated (NASDAQ:QCOM) – Here’s Why Qualcomm (QCOM) Stock is Down Today
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.