Wall Street analysts expect that Intel Co. (NASDAQ:INTC) will post $0.88 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Intel’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.83. Intel reported earnings per share of $1.04 during the same quarter last year, which would suggest a negative year-over-year growth rate of 15.4%. The company is expected to announce its next earnings report after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that Intel will report full-year earnings of $4.22 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.35. For the next fiscal year, analysts anticipate that the business will post earnings of $4.45 per share, with EPS estimates ranging from $3.65 to $5.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Intel.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. The business had revenue of $16.10 million during 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 firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share.
INTC has been the subject of a number of analyst reports. Daiwa Capital Markets downgraded shares of Intel from an “outperform” rating to a “neutral” rating in a research report on Monday, April 29th. Royal Bank of Canada reaffirmed a “sell” rating on shares of Intel in a research report on Monday, July 15th. SunTrust Banks raised their target price on shares of Fidelity National Financial to $45.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Credit Suisse Group set a €38.00 ($44.19) target price on shares of Dialog Semiconductor and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Deutsche Bank downgraded shares of Mitsubishi Motors from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.52.
In other news, insider Venkata S. M. Renduchintala sold 37,989 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 76,855 shares in the company, valued at approximately $4,011,062.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Navin Shenoy sold 8,552 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $46.78, for a total transaction of $400,062.56. Following the sale, the executive vice president now owns 68,833 shares of the company’s stock, valued at approximately $3,220,007.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,406 shares of company stock valued at $2,477,573. 0.02% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Tributary Capital Management LLC acquired a new stake in Intel in the 4th quarter worth about $28,000. Ogorek Anthony Joseph NY ADV raised its stake in Intel by 500.0% in the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after purchasing an additional 500 shares in the last quarter. Virtus ETF Advisers LLC acquired a new stake in Intel in the 4th quarter worth about $48,000. Stevens First Principles Investment Advisors acquired a new stake in Intel in the 4th quarter worth about $53,000. Finally, Contravisory Investment Management Inc. raised its stake in Intel by 234.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock worth $55,000 after purchasing an additional 803 shares in the last quarter. Institutional investors and hedge funds own 66.03% of the company’s stock.
Intel stock traded up $0.33 during mid-day trading on Friday, reaching $50.27. The company’s stock had a trading volume of 29,137,488 shares, compared to its average volume of 17,405,190. The stock has a market cap of $225.06 billion, a P/E 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 firm’s 50 day simple moving average is $47.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.13.
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, August 6th. Intel’s dividend payout ratio is presently 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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