Brokerages Expect Intel Co. (INTC) to Announce $0.71 EPS

Analysts expect Intel Co. (NASDAQ:INTC) to announce earnings per share (EPS) of $0.71 for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Intel’s earnings, with estimates ranging from $0.70 to $0.72. Intel posted earnings per share of $0.66 during the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The firm is expected to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Intel will report full year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.55. For the next fiscal year, analysts forecast that the firm will report earnings of $3.80 per share, with EPS estimates ranging from $3.31 to $4.29. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Intel.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS.

Several research analysts have weighed in on the stock. UBS Group set a $51.00 price objective on shares of Intel and gave the stock a “buy” rating in a report on Monday, January 29th. MKM Partners raised their price objective on shares of Intel to $55.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Vetr lowered shares of Intel from a “buy” rating to a “sell” rating and set a $47.74 price objective for the company. in a report on Monday, January 29th. Citigroup assumed coverage on shares of Intel in a report on Tuesday, January 30th. They set a “buy” rating and a $58.00 price objective for the company. Finally, Nomura reissued a “buy” rating and set a $50.00 price objective on shares of Intel in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $49.31.

In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the completion of the transaction, the chief executive officer now directly owns 263,382 shares of the company’s stock, valued at approximately $13,011,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $68,474.88. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock valued at $41,387,752 over the last three months. 0.08% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in INTC. Janus Henderson Group PLC raised its holdings in shares of Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after purchasing an additional 20,050,088 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares in the last quarter. Capital World Investors raised its holdings in shares of Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Capital International Investors bought a new stake in shares of Intel in the 3rd quarter worth approximately $339,563,000. Finally, Vanguard Group Inc. raised its holdings in shares of Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Institutional investors own 67.48% of the company’s stock.

Intel (NASDAQ INTC) opened at $43.95 on Monday. The firm has a market cap of $205,686.00, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.07. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. Intel has a fifty-two week low of $33.23 and a fifty-two week high of $50.85.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 6th. Intel’s payout ratio is presently 60.61%.

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Intel 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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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