Analysts expect that Intel Co. (NASDAQ:INTC) will report $19.01 billion in sales for the current quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for Intel’s earnings, with the highest sales estimate coming in at $19.09 billion and the lowest estimate coming in at $18.97 billion. Intel reported sales of $17.05 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The company is scheduled to announce its next earnings report on Thursday, January 24th.
On average, analysts expect that Intel will report full-year sales of $71.20 billion for the current financial year, with estimates ranging from $71.16 billion to $71.29 billion. For the next year, analysts expect that the firm will post sales of $73.45 billion, with estimates ranging from $71.33 billion to $77.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Intel.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.15 by $0.25. The business had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion. Intel had a net margin of 21.91% and a return on equity of 29.64%.
INTC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, September 26th. KeyCorp reduced their price objective on shares of Intel from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, July 27th. BidaskClub downgraded shares of Intel from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. Evercore ISI reaffirmed a “hold” rating on shares of Intel in a report on Sunday, October 28th. Finally, Royal Bank of Canada reduced their price objective on shares of Intel from $57.00 to $55.00 and set a “sector perform” rating for the company in a report on Monday, October 1st. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have assigned a buy rating to the company. Intel presently has an average rating of “Hold” and an average target price of $55.27.
In related news, EVP Steven Ralph Rodgers sold 2,235 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $45.66, for a total value of $102,050.10. Following the completion of the transaction, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the completion of the transaction, the vice president now directly owns 14,271 shares of the company’s stock, valued at $649,758.63. The disclosure for this sale can be found here. Insiders sold 8,747 shares of company stock valued at $398,552 over the last three months. 0.03% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Midwest Professional Planners LTD. increased its stake in shares of Intel by 10.7% in the first quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock valued at $522,000 after buying an additional 966 shares in the last quarter. Kingfisher Capital LLC boosted its holdings in Intel by 9.6% during the first quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock worth $578,000 after buying an additional 967 shares during the last quarter. Fiduciary Group LLC boosted its holdings in Intel by 2.9% during the first quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock worth $1,779,000 after buying an additional 969 shares during the last quarter. WealthTrust Fairport LLC boosted its holdings in Intel by 2.9% during the first quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock worth $1,811,000 after buying an additional 971 shares during the last quarter. Finally, Schnieders Capital Management LLC boosted its holdings in Intel by 0.8% during the first quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock worth $6,069,000 after buying an additional 972 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Intel stock traded down $0.88 during trading on Monday, hitting $48.11. 21,752,763 shares of the stock were exchanged, compared to its average volume of 33,445,756. The firm has a market capitalization of $227.93 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.28 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.51. Intel has a 12 month low of $42.04 and a 12 month high of $57.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be given a $0.30 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. Intel’s dividend payout ratio is 34.68%.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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