Analysts Anticipate Intel Corporation (INTC) to Announce $0.86 EPS
Equities analysts expect Intel Corporation (NASDAQ:INTC) to announce earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Intel Corporation’s earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $0.87. Intel Corporation posted earnings of $0.79 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The business is expected to issue its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Intel Corporation will report full-year earnings of $3.25 per share for the current year, with EPS estimates ranging from $3.24 to $3.27. For the next fiscal year, analysts forecast that the firm will post earnings of $3.28 per share, with EPS estimates ranging from $2.92 to $3.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Intel Corporation.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.80 earnings per share.
Several equities analysts have recently weighed in on INTC shares. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Stifel Nicolaus raised their price target on shares of Intel Corporation from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 price target on the stock in a research note on Wednesday, October 11th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $43.40.
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In related news, EVP Diane M. Bryant sold 570 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.49, for a total value of $25,359.30. Following the sale, the executive vice president now directly owns 110,850 shares of the company’s stock, valued at approximately $4,931,716.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 659,036 shares of company stock worth $28,872,880. 0.08% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Murphy Capital Management Inc. grew its stake in Intel Corporation by 18.4% in the 2nd quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after acquiring an additional 4,928 shares during the last quarter. Papp L Roy & Associates lifted its holdings in Intel Corporation by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares in the last quarter. Crescent Grove Advisors LLC purchased a new position in Intel Corporation in the 2nd quarter valued at about $555,000. United Bank lifted its holdings in Intel Corporation by 108.0% in the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in Intel Corporation by 182.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares in the last quarter. 67.17% of the stock is currently owned by hedge funds and other institutional investors.
Intel Corporation (NASDAQ INTC) opened at $44.63 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The firm has a market cap of $213,640.00, a PE ratio of 14.42, a PEG ratio of 1.68 and a beta of 1.09. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.2725 per share. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.44%. Intel Corporation’s dividend payout ratio (DPR) is presently 38.25%.
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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