Intel Corp. (INTC) Set to Announce Quarterly Earnings on Tuesday
Intel Corp. (NASDAQ:INTC) will issue its Q313 quarterly earnings data on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $13.47 billion for the quarter.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.39. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.89 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts expect Intel Corp. to post $1.87 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.
Shares of Intel Corp. (NASDAQ:INTC) opened at 23.255 on Monday. Intel Corp. has a 52 week low of $19.23 and a 52 week high of $25.98. The stock has a 50-day moving average of $22.9 and a 200-day moving average of $23.26. The company has a market cap of $115.9 billion and a price-to-earnings ratio of 12.48.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a dividend of $0.23 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Tuesday, November 5th.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Intel Corp. from $18.00 to $20.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. On the ratings front, analysts at Macquarie downgraded shares of Intel Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $22.00 price target on the stock, down previously from $25.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Intel Corp. in a research note to investors on Monday, October 7th. They now have a $24.00 price target on the stock. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.43.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset.
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