Intel Corporation (INTC) Scheduled to Post Earnings on Thursday
Intel Corporation (NASDAQ:INTC) will post its quarterly earnings results after the market closes on Thursday, October 26th. Analysts expect Intel Corporation to post earnings of $0.80 per share for the quarter. Intel Corporation has set its Q3 guidance at $0.75-0.85 EPS and its FY17 guidance at $2.85-3.15 EPS.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts expect Intel Corporation to post $3.01 EPS for the current fiscal year and $3.11 EPS for the next fiscal year.
Intel Corporation (NASDAQ INTC) opened at 40.25 on Thursday. The company has a market capitalization of $189.13 billion, a PE ratio of 15.36 and a beta of 1.07. The firm has a 50-day moving average of $37.61 and a 200-day moving average of $36.03. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $40.29.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Monday, November 6th. Intel Corporation’s payout ratio is 41.76%.
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A number of equities research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and set a $46.00 target price on shares of Intel Corporation in a report on Friday, July 28th. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Vetr lowered shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price on the stock. in a report on Tuesday, August 8th. Mizuho reissued a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Intel Corporation in a report on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) reissued a “hold” rating on shares of Intel Corporation in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.94.
In related news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diane M. Bryant sold 1,639 shares of Intel Corporation stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the transaction, the executive vice president now directly owns 114,542 shares in the company, valued at $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold 81,608 shares of company stock worth $3,095,110 over the last three months. Insiders own 0.08% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC increased its stake in shares of Intel Corporation by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the period. Horizon Investment Services LLC bought a new stake in Intel Corporation in the second quarter valued at $202,000. Clearwater Capital Partners LLC boosted its holdings in Intel Corporation by 3.8% in the second quarter. Clearwater Capital Partners LLC now owns 6,007 shares of the chip maker’s stock valued at $202,000 after acquiring an additional 219 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in Intel Corporation by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 29 shares in the last quarter. Finally, Krilogy Financial LLC boosted its holdings in Intel Corporation by 3.8% in the second quarter. Krilogy Financial LLC now owns 7,906 shares of the chip maker’s stock valued at $267,000 after acquiring an additional 290 shares in the last quarter. 67.02% of the stock is currently owned by institutional investors.
Intel Corporation Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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