Intel (INTC) to Release Quarterly Earnings on Thursday

Intel (NASDAQ:INTC) is scheduled to be announcing its earnings results after the market closes on Thursday, January 25th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Intel has set its Q4 guidance at $0.81-0.91 EPS and its FY17 guidance at $3.20-3.30 EPS.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 27.96% and a return on equity of 25.96%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. On average, analysts expect Intel to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Intel (NASDAQ INTC) opened at $44.39 on Thursday. The firm has a market cap of $207,750.00, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. Intel has a 1 year low of $33.23 and a 1 year high of $47.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27.

In other Intel news, EVP Diane M. Bryant sold 2,119 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $41.06, for a total value of $87,006.14. Following the completion of the transaction, the executive vice president now owns 114,091 shares of the company’s stock, valued at approximately $4,684,576.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane M. Bryant sold 1,639 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the completion of the transaction, the executive vice president now directly owns 113,086 shares of the company’s stock, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock valued at $65,800,132 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC raised its holdings in shares of Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares in the last quarter. Clearwater Capital Partners LLC raised its holdings in shares of Intel by 3.8% in the 2nd quarter. Clearwater Capital Partners LLC now owns 6,007 shares of the chip maker’s stock valued at $202,000 after purchasing an additional 219 shares in the last quarter. Horizon Investment Services LLC acquired a new stake in shares of Intel in the 2nd quarter valued at $202,000. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Intel by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 29 shares in the last quarter. Finally, Krilogy Financial LLC raised its holdings in shares of Intel by 3.8% in the 2nd quarter. Krilogy Financial LLC now owns 7,906 shares of the chip maker’s stock valued at $267,000 after purchasing an additional 290 shares in the last quarter. 67.56% of the stock is owned by institutional investors.

A number of brokerages have weighed in on INTC. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price objective for the company. in a research report on Wednesday. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Argus reiterated a “buy” rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, January 5th. JPMorgan Chase & Co. set a $53.00 price objective on shares of Intel and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, B. Riley reiterated a “buy” rating and issued a $53.00 price objective on shares of Intel in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have assigned a buy rating to the stock. Intel presently has a consensus rating of “Buy” and a consensus target price of $44.77.

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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).

Earnings History for Intel (NASDAQ:INTC)

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