Analysts forecast that Intel Co. (NASDAQ:INTC) will announce earnings of $1.22 per share for the current quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Intel’s earnings, with estimates ranging from $1.21 to $1.27. Intel reported earnings per share of $1.08 in the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, January 24th.
On average, analysts expect that Intel will report full year earnings of $4.53 per share for the current year, with EPS estimates ranging from $4.49 to $4.57. For the next fiscal year, analysts forecast that the company will report earnings of $4.56 per share, with EPS estimates ranging from $4.22 to $4.85. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Intel.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The company had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion.
INTC has been the subject of several research analyst reports. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Wednesday, September 26th. BidaskClub lowered Intel from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. Evercore ISI reaffirmed a “hold” rating on shares of Intel in a report on Sunday, October 28th. Royal Bank of Canada cut their price objective on Intel from $57.00 to $55.00 and set a “sector perform” rating for the company in a report on Monday, October 1st. Finally, Cowen lifted their target price on Intel from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, October 26th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nineteen have issued a buy rating to the stock. Intel presently has a consensus rating of “Hold” and an average target price of $55.17.
In other news, CEO Robert Holmes Swan bought 5,263 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average cost of $46.74 per share, for a total transaction of $245,992.62. Following the completion of the transaction, the chief executive officer now owns 137,102 shares of the company’s stock, valued at $6,408,147.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 8,552 shares of the business’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $47.93, for a total value of $409,897.36. Following the completion of the sale, the executive vice president now owns 66,871 shares in the company, valued at $3,205,127.03. The disclosure for this sale can be found here. Insiders sold 21,809 shares of company stock worth $1,033,992 over the last quarter. 0.03% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of INTC. Charles Schwab Investment Advisory Inc. bought a new stake in Intel during the second quarter worth approximately $204,242,000. Prudential Financial Inc. increased its stake in Intel by 29.2% during the third quarter. Prudential Financial Inc. now owns 13,125,175 shares of the chip maker’s stock worth $620,690,000 after acquiring an additional 2,968,410 shares during the last quarter. Vanguard Group Inc. increased its stake in Intel by 0.8% during the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after acquiring an additional 2,892,357 shares during the last quarter. Vanguard Group Inc increased its stake in Intel by 0.8% during the third quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after acquiring an additional 2,892,357 shares during the last quarter. Finally, Cantillon Capital Management LLC bought a new stake in Intel during the second quarter worth approximately $121,797,000. Institutional investors own 64.25% of the company’s stock.
Shares of INTC opened at $48.93 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. Intel has a one year low of $42.04 and a one year high of $57.60. The firm has a market capitalization of $224.61 billion, a P/E ratio of 14.14, a PEG ratio of 1.25 and a beta of 0.85.
Intel announced that its board has approved a share repurchase program on Thursday, November 15th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the chip maker to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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