Analysts predict that Intel Corporation (NASDAQ:INTC) will report earnings per share (EPS) of $0.68 for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Intel Corporation’s earnings, with estimates ranging from $0.67 to $0.69. Intel Corporation posted earnings of $0.59 per share in the same quarter last year, which suggests a positive year over year growth rate of 15.3%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, July 27th.
On average, analysts expect that Intel Corporation will report full year earnings of $2.86 per share for the current financial year, with EPS estimates ranging from $2.85 to $2.95. For the next fiscal year, analysts anticipate that the company will report earnings of $2.99 per share, with EPS estimates ranging from $2.86 to $3.34. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Intel Corporation.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. Intel Corporation had a return on equity of 21.48% and a net margin of 18.57%. The company had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same period in the previous year, the company posted $0.54 EPS. Intel Corporation’s revenue was up 8.0% compared to the same quarter last year.
Several brokerages recently commented on INTC. Zacks Investment Research downgraded Intel Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Hilliard Lyons began coverage on Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Intel Corporation in a report on Saturday, June 3rd. Barclays PLC reiterated an “overweight” rating on shares of Intel Corporation in a report on Friday, July 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $38.00 target price on shares of Intel Corporation in a report on Friday, July 14th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.20.
Shares of Intel Corporation (NASDAQ INTC) traded up 0.20% during trading on Thursday, hitting $34.82. The stock had a trading volume of 20,425,434 shares. The company has a market cap of $163.97 billion, a P/E ratio of 15.07 and a beta of 1.00. The stock’s 50-day moving average price is $34.62 and its 200-day moving average price is $35.76. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.14%. Intel Corporation’s dividend payout ratio is currently 47.39%.
In related news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert Holmes Swan purchased 13,888 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of $36.31 per share, for a total transaction of $504,273.28. Following the completion of the transaction, the chief financial officer now owns 8,774 shares in the company, valued at $318,583.94. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 86,739 shares of company stock worth $2,957,492. Corporate insiders own 0.09% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. RB Capital Management LLC acquired a new stake in Intel Corporation during the fourth quarter worth approximately $858,000. Sigma Planning Corp raised its stake in Intel Corporation by 0.5% in the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after buying an additional 335 shares during the period. Ellington Management Group LLC acquired a new stake in Intel Corporation during the fourth quarter worth approximately $203,000. Assenagon Asset Management S.A. acquired a new stake in Intel Corporation during the fourth quarter worth approximately $544,000. Finally, Wsfs Capital Management LLC acquired a new stake in Intel Corporation during the fourth quarter worth approximately $280,000. Institutional investors and hedge funds own 67.40% of the company’s stock.
About Intel Corporation
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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