Equities analysts expect that Intel Corporation (NASDAQ:INTC) will post earnings of $0.86 per share for the current quarter, Zacks reports. Twelve analysts have made estimates for Intel’s earnings, with estimates ranging from $0.86 to $0.87. Intel posted earnings per share of $0.79 in the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The firm is expected to announce its next earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Intel will report full year earnings of $3.25 per share for the current fiscal 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 a mean average based on a survey of research analysts that follow Intel.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the firm posted $0.80 EPS. Intel’s revenue for the quarter was up 2.4% on a year-over-year basis.

INTC has been the subject of several analyst reports. Zacks Investment Research cut Intel from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Canaccord Genuity boosted their target price on Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. ValuEngine cut Intel from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Robert W. Baird reissued an “outperform” rating and set a $45.00 target price on shares of Intel in a research note on Tuesday, September 5th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.68.

In other news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane M. Bryant sold 570 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 110,850 shares of the company’s stock, valued at $4,931,716.50. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock valued at $68,196,589 over the last three months. Company insiders own 0.08% of the company’s stock.

Several institutional investors have recently bought and sold shares of INTC. Lourd Capital LLC raised its stake in Intel by 1.1% during the 1st quarter. Lourd Capital LLC now owns 9,094 shares of the chip maker’s stock valued at $328,000 after acquiring an additional 99 shares during the last quarter. Virtu Financial LLC purchased a new stake in Intel during the 1st quarter valued at approximately $822,000. Alerus Financial NA raised its stake in Intel by 3.5% during the 1st quarter. Alerus Financial NA now owns 66,462 shares of the chip maker’s stock valued at $2,397,000 after acquiring an additional 2,238 shares during the last quarter. Vigilant Capital Management LLC raised its stake in Intel by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in Intel by 0.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 91,792 shares of the chip maker’s stock valued at $3,311,000 after acquiring an additional 706 shares during the last quarter. 67.69% of the stock is owned by institutional investors and hedge funds.

Intel (NASDAQ:INTC) opened at $43.44 on Wednesday. Intel has a one year low of $33.23 and a one year high of $47.30. The company has a market capitalization of $209,102.41, a price-to-earnings ratio of 14.05, a P/E/G ratio of 1.63 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th were issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Monday, November 6th. Intel’s payout ratio is currently 38.11%.

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About Intel

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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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