Brokerages expect Intel Co. (NASDAQ:INTC) to announce earnings of $0.71 per share for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for Intel’s earnings, with estimates ranging from $0.70 to $0.75. Intel reported earnings per share of $0.66 in the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The business is expected to report its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Intel will report full year earnings of $3.51 per share for the current financial year, with EPS estimates ranging from $3.26 to $3.65. For the next fiscal year, analysts expect that the business will post earnings of $3.77 per share, with EPS estimates ranging from $3.30 to $4.29. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Intel.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for 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 company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share.
Several research analysts have weighed in on the company. Vetr upgraded Intel from a “hold” rating to a “buy” rating and set a $54.41 target price on the stock in a report on Monday, March 12th. Bank of America reiterated a “buy” rating and set a $61.00 target price (up from $52.00) on shares of Intel in a report on Thursday, March 8th. UBS set a $51.00 target price on Intel and gave the stock a “buy” rating in a report on Monday, January 29th. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. Finally, ValuEngine lowered Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.04.
In related news, EVP Navin Shenoy sold 8,967 shares of Intel stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $436,423.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of Intel stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total value of $880,610.22. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $75,371.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,914 shares of company stock worth $6,011,490. 0.08% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of INTC. Oaktop Capital Management II L.P. acquired a new position in Intel during the second quarter valued at approximately $1,114,000. Swiss National Bank raised its position in Intel by 2.9% during the second quarter. Swiss National Bank now owns 17,274,702 shares of the chip maker’s stock valued at $582,848,000 after purchasing an additional 483,200 shares in the last quarter. Flippin Bruce & Porter Inc. raised its position in Intel by 5.2% during the second quarter. Flippin Bruce & Porter Inc. now owns 141,409 shares of the chip maker’s stock valued at $4,771,000 after purchasing an additional 6,989 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Intel during the second quarter valued at approximately $1,407,000. Finally, InterOcean Capital LLC raised its position in Intel by 14.8% during the second quarter. InterOcean Capital LLC now owns 392,898 shares of the chip maker’s stock valued at $13,256,000 after purchasing an additional 50,702 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.
INTC stock traded up $0.01 during mid-day trading on Friday, reaching $51.56. The company’s stock had a trading volume of 23,220,817 shares, compared to its average volume of 36,137,641. 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 company has a market capitalization of $237,274.45, a price-to-earnings ratio of 26.04, a PEG ratio of 1.72 and a beta of 1.01. Intel has a 52-week low of $33.23 and a 52-week high of $53.78.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio is currently 60.61%.
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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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