Q1 2018 EPS Estimates for Intel Co. Decreased by Analyst (INTC)

Intel Co. (NASDAQ:INTC) – Equities researchers at Oppenheimer reduced their Q1 2018 EPS estimates for shares of Intel in a research note issued on Thursday. Oppenheimer analyst R. Schafer now forecasts that the chip maker will earn $0.70 per share for the quarter, down from their prior forecast of $0.74. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Intel’s Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $1.10 EPS, FY2018 earnings at $3.55 EPS and FY2019 earnings at $3.85 EPS.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.35% and a net margin of 15.30%. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. During the same quarter last year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Several other equities analysts also recently commented on the company. Vetr downgraded Intel from a “buy” rating to a “sell” rating and set a $47.74 price target on the stock. in a report on Monday. MKM Partners increased their price objective on Intel to $55.00 and gave the company a “buy” rating in a research report on Friday. Roth Capital reissued a “buy” rating and issued a $57.00 price objective (up from $50.00) on shares of Intel in a research report on Friday. Deutsche Bank reissued a “buy” rating and issued a $55.00 price objective on shares of Intel in a research report on Friday. Finally, B. Riley reissued a “buy” rating and issued a $55.00 price objective on shares of Intel in a research report on Friday. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Intel presently has an average rating of “Buy” and an average price target of $48.56.

Intel (INTC) opened at $50.08 on Monday. Intel has a twelve month low of $33.23 and a twelve month high of $50.15. 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 has a market capitalization of $234,370.00, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. This is a boost from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.40%. Intel’s dividend payout ratio (DPR) is presently 55.05%.

In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $71,777.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 899,330 shares of company stock valued at $39,756,276. Company insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Arthur M. Cohen & Associates LLC acquired a new stake in shares of Intel in the fourth quarter valued at $539,000. Advisor Partners LLC increased its stake in shares of Intel by 12.0% in the fourth quarter. Advisor Partners LLC now owns 96,454 shares of the chip maker’s stock valued at $4,323,000 after buying an additional 10,353 shares in the last quarter. Eagle Ridge Investment Management increased its stake in shares of Intel by 1.8% in the fourth quarter. Eagle Ridge Investment Management now owns 370,221 shares of the chip maker’s stock valued at $17,089,000 after buying an additional 6,407 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Intel by 3.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 290,035 shares of the chip maker’s stock valued at $13,388,000 after buying an additional 8,408 shares in the last quarter. Finally, Parsec Financial Management Inc. increased its stake in shares of Intel by 1.4% in the fourth quarter. Parsec Financial Management Inc. now owns 639,733 shares of the chip maker’s stock valued at $29,530,000 after buying an additional 8,593 shares in the last quarter. 67.48% of the stock is owned by institutional investors.

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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 and Estimates for Intel (NASDAQ:INTC)

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