Equities analysts expect that Intel Co. (NASDAQ:INTC) will report sales of $15.01 billion for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for Intel’s earnings. The lowest sales estimate is $15.00 billion and the highest is $15.07 billion. Intel posted sales of $14.80 billion during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is scheduled to report its next earnings report on Thursday, April 26th.
On average, analysts expect that Intel will report full-year sales of $15.01 billion for the current year, with estimates ranging from $63.56 billion to $65.23 billion. For the next year, analysts anticipate that the business will report sales of $66.96 billion per share, with estimates ranging from $61.71 billion to $70.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Intel.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis.
Intel (NASDAQ INTC) opened at $44.46 on Wednesday. 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 12-month low of $33.23 and a 12-month high of $50.85. The firm has a market capitalization of $209,804.41, a P/E ratio of 22.45, a PEG ratio of 1.52 and a beta of 1.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is 60.61%.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,502 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total value of $66,959.16. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at approximately $68,474.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the transaction, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Insiders sold a total of 932,755 shares of company stock valued at $41,387,752 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.
A number of large investors have recently made changes to their positions in INTC. Renaissance Technologies LLC grew its stake in shares of Intel by 3,222.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,441,594 shares of the chip maker’s stock worth $158,864,000 after acquiring an additional 3,338,000 shares during the period. Focused Wealth Management Inc grew its stake in shares of Intel by 8.4% during the 4th quarter. Focused Wealth Management Inc now owns 45,650 shares of the chip maker’s stock worth $2,107,000 after acquiring an additional 3,530 shares during the period. Scotia Capital Inc. grew its stake in shares of Intel by 12.4% during the 4th quarter. Scotia Capital Inc. now owns 938,802 shares of the chip maker’s stock worth $43,341,000 after acquiring an additional 103,358 shares during the period. American Money Management LLC bought a new position in shares of Intel during the 4th quarter worth $247,000. Finally, CWA Asset Management Group LLC grew its stake in shares of Intel by 6.7% during the 4th quarter. CWA Asset Management Group LLC now owns 67,962 shares of the chip maker’s stock worth $3,137,000 after acquiring an additional 4,283 shares during the period. Hedge funds and other institutional investors own 67.48% of the company’s stock.
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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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