Equities research analysts forecast that Intel Co. (NASDAQ:INTC) will report earnings per share (EPS) of $0.88 for the current quarter, according to Zacks. Twelve analysts have provided estimates for Intel’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.89. Intel posted earnings of $1.04 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.4%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, July 25th.
On average, analysts expect that Intel will report full year earnings of $4.22 per share for the current year, with EPS estimates ranging from $3.90 to $4.35. For the next year, analysts expect that the business will report earnings of $4.45 per share, with EPS estimates ranging from $3.65 to $5.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Intel.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share.
A number of brokerages have recently issued reports on INTC. BidaskClub raised shares of Winmark from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Wells Fargo & Co lowered their price target on shares of Teva Pharmaceutical Industries from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, May 9th. Argus increased their price target on shares of Microsoft to $145.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Wedbush raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $137.00 target price on shares of Continental in a research note on Friday, April 26th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $53.52.
In other Intel news, EVP Navin Shenoy sold 611 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $51.00, for a total transaction of $31,161.00. Following the transaction, the executive vice president now directly owns 51,619 shares in the company, valued at $2,632,569. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the transaction, the insider now owns 76,855 shares in the company, valued at $4,011,062.45. The disclosure for this sale can be found here. Insiders have sold 48,406 shares of company stock worth $2,477,573 over the last quarter. Company insiders own 0.02% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Intel by 0.8% in the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after purchasing an additional 2,892,357 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Intel by 0.8% in the third quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after purchasing an additional 2,892,357 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Intel by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 24,959,006 shares of the chip maker’s stock worth $1,171,326,000 after purchasing an additional 803,207 shares during the last quarter. FMR LLC grew its holdings in shares of Intel by 5.5% in the first quarter. FMR LLC now owns 21,740,723 shares of the chip maker’s stock worth $1,167,477,000 after purchasing an additional 1,133,474 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Intel by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,417,125 shares of the chip maker’s stock worth $723,526,000 after purchasing an additional 824,109 shares during the last quarter. Hedge funds and other institutional investors own 66.03% of the company’s stock.
NASDAQ INTC traded up $0.33 during trading on Friday, hitting $50.27. 29,137,488 shares of the company’s stock traded hands, compared to its average volume of 17,405,190. The stock has a market capitalization of $225.06 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.59 and a beta of 0.84. Intel has a 12-month low of $42.36 and a 12-month high of $59.59. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $47.30.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Tuesday, August 6th. Intel’s payout ratio is currently 27.51%.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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