Intel Co. (INTC) Expected to Post Quarterly Sales of $16.01 Billion

Equities analysts expect that Intel Co. (NASDAQ:INTC) will report sales of $16.01 billion for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Intel’s earnings, with the lowest sales estimate coming in at $16.00 billion and the highest estimate coming in at $16.05 billion. Intel reported sales of $16.07 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The firm is scheduled to report its next earnings results after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that Intel will report full year sales of $70.71 billion for the current year, with estimates ranging from $68.09 billion to $71.55 billion. For the next fiscal year, analysts expect that the firm will report sales of $73.28 billion, with estimates ranging from $69.81 billion to $75.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Intel.

Intel (NASDAQ:INTC) last announced its earnings results 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 return on equity of 30.08% and a net margin of 29.72%. The company had revenue of $18.66 billion for the quarter, compared to analysts’ expectations of $19.02 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Intel’s quarterly revenue was up 9.4% on a year-over-year basis.

Several research firms have weighed in on INTC. BidaskClub raised Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Northland Securities reissued a “sell” rating and issued a $38.00 price objective on shares of Intel in a research report on Friday, March 15th. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday. Deutsche Bank boosted their price objective on Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, Morgan Stanley raised Intel from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $55.00 to $64.00 in a research report on Friday, February 22nd. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and an average price target of $54.51.

In related news, EVP Navin Shenoy sold 14,493 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $768,563.79. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kevin Thomas Mcbride sold 518 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total value of $26,588.94. Following the sale, the vice president now owns 8,274 shares in the company, valued at $424,704.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,261 shares of company stock worth $2,116,147. 0.03% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in INTC. Tributary Capital Management LLC bought a new position in Intel in the 4th quarter worth about $28,000. Next Capital Management LLC bought a new position in Intel in the 4th quarter worth about $46,000. Virtus ETF Advisers LLC bought a new position in Intel in the 4th quarter worth about $48,000. Stevens First Principles Investment Advisors bought a new position in Intel in the 4th quarter worth about $53,000. Finally, Tortoise Investment Management LLC increased its stake in Intel by 86.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after acquiring an additional 580 shares during the last quarter. Institutional investors own 64.67% of the company’s stock.

INTC stock traded up $0.59 during midday trading on Friday, hitting $53.70. The company’s stock had a trading volume of 18,568,667 shares, compared to its average volume of 20,812,948. The company has a current ratio of 1.73, a quick ratio of 1.30 and a debt-to-equity ratio of 0.34. Intel has a 1 year low of $42.36 and a 1 year high of $57.60. The stock has a market cap of $248.47 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.40 and a beta of 0.79.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.35%. Intel’s payout ratio is 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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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