Intel Co. (INTC) Expected to Post Earnings of $0.87 Per Share

Equities analysts expect that Intel Co. (NASDAQ:INTC) will post earnings per share of $0.87 for the current quarter, according to Zacks. Eleven analysts have made estimates for Intel’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.86. Intel also reported earnings per share of $0.87 during the same quarter last year. The business is expected to announce its next quarterly earnings results on Thursday, April 25th.

According to Zacks, analysts expect that Intel will report full year earnings of $4.50 per share for the current financial year, with EPS estimates ranging from $4.19 to $4.61. For the next financial year, analysts expect that the firm will post earnings of $4.73 per share, with EPS estimates ranging from $3.84 to $5.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Intel.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The company had revenue of $18.66 billion during the quarter, compared to the consensus estimate of $19.02 billion. During the same quarter last year, the company earned $1.08 earnings per share. Intel’s revenue for the quarter was up 9.4% on a year-over-year basis.

INTC has been the subject of several recent research reports. UBS Group downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. DZ Bank downgraded shares of Intel from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Thursday, November 29th. ValuEngine raised shares of Intel from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Northland Securities downgraded shares of Intel from a “market perform” rating to an “under perform” rating in a research report on Tuesday, December 4th. Finally, BNP Paribas set a $53.00 price objective on shares of Intel and gave the company a “neutral” rating in a research report on Tuesday, December 4th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $54.33.

Shares of NASDAQ:INTC opened at $53.26 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. Intel has a 52-week low of $42.36 and a 52-week high of $57.60. The company has a market capitalization of $249.17 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.41 and a beta of 0.79.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is currently 27.51%.

In other Intel news, EVP Navin Shenoy sold 1,821 shares of Intel stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $46.74, for a total value of $85,113.54. Following the completion of the transaction, the executive vice president now owns 52,693 shares of the company’s stock, valued at $2,462,870.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 11,734 shares of Intel stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $622,254.02. The disclosure for this sale can be found here. Insiders have sold 40,261 shares of company stock valued at $2,116,147 in the last three months. Corporate insiders own 0.03% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Atwater Malick LLC bought a new stake in Intel in the fourth quarter valued at $4,403,000. Pinnacle Bank bought a new stake in Intel in the fourth quarter valued at $1,425,000. Occidental Asset Management LLC lifted its stake in Intel by 2.0% in the fourth quarter. Occidental Asset Management LLC now owns 13,853 shares of the chip maker’s stock valued at $650,000 after buying an additional 275 shares during the last quarter. Centric Wealth Management bought a new stake in Intel in the fourth quarter valued at $512,000. Finally, CMC Financial Group bought a new stake in Intel in the fourth quarter valued at $1,203,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

About Intel

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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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