$15.01 Billion in Sales Expected for Intel Co. (INTC) This Quarter

Brokerages forecast that Intel Co. (NASDAQ:INTC) will report $15.01 billion in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Intel’s earnings. The lowest sales estimate is $15.00 billion and the highest is $15.07 billion. Intel posted sales of $14.80 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The business is expected to issue its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Intel will report full year sales of $15.01 billion for the current fiscal year, with estimates ranging from $63.56 billion to $65.23 billion. For the next financial year, analysts anticipate that the company will report sales of $66.96 billion per share, with estimates ranging from $61.71 billion to $70.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Intel.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share.

Several research analysts recently commented on the company. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 price target for the company. in a research report on Tuesday, February 13th. Macquarie set a $55.00 price target on Intel and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Wells Fargo & Co set a $55.00 target price on Intel and gave the company a “buy” rating in a research report on Monday, February 5th. Citigroup began coverage on Intel in a research report on Tuesday, January 30th. They set a “buy” rating and a $58.00 target price for the company. Finally, UBS Group set a $51.00 target price on Intel and gave the company a “buy” rating in a research report on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $49.33.

Intel (INTC) traded down $0.36 on Wednesday, reaching $45.56. The company had a trading volume of 21,133,346 shares, compared to its average volume of 36,240,000. The stock has a market capitalization of $213,220.00, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.54 and a beta of 1.07. Intel has a 12 month low of $33.23 and a 12 month high of $50.85. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a $0.30 dividend. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.63%. Intel’s payout ratio is 38.34%.

In other news, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the transaction, the chief executive officer now directly owns 263,382 shares of the company’s stock, valued at $13,011,070.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. Insiders sold 932,755 shares of company stock valued at $41,387,752 in the last three months. 0.08% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of INTC. Stonebridge Capital Management Inc. grew its holdings in shares of Intel by 1.3% during the second quarter. Stonebridge Capital Management Inc. now owns 235,805 shares of the chip maker’s stock valued at $7,956,000 after buying an additional 2,950 shares during the last quarter. Hamlin Capital Management LLC grew its holdings in shares of Intel by 64.3% during the second quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock valued at $76,172,000 after buying an additional 883,525 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Intel by 3.1% during the second quarter. CIBC Asset Management Inc now owns 578,128 shares of the chip maker’s stock valued at $19,506,000 after buying an additional 17,224 shares during the last quarter. Lourd Capital LLC grew its holdings in shares of Intel by 5.8% during the second quarter. Lourd Capital LLC now owns 9,624 shares of the chip maker’s stock valued at $325,000 after buying an additional 530 shares during the last quarter. Finally, Nwam LLC grew its holdings in shares of Intel by 18.8% during the second quarter. Nwam LLC now owns 45,896 shares of the chip maker’s stock valued at $1,549,000 after buying an additional 7,262 shares during the last quarter. 67.74% of the stock is currently owned by institutional investors and hedge funds.

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About Intel

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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