Intel Co. (NASDAQ:INTC) Expected to Post Earnings of $1.25 Per Share

Wall Street analysts expect that Intel Co. (NASDAQ:INTC) will report earnings of $1.25 per share for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Intel’s earnings, with estimates ranging from $1.24 to $1.26. Intel posted earnings of $1.28 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.3%. The business is expected to report its next quarterly earnings report on Thursday, January 23rd.

On average, analysts expect that Intel will report full year earnings of $4.61 per share for the current fiscal year, with EPS estimates ranging from $4.59 to $4.64. For the next financial year, analysts forecast that the business will report earnings of $4.72 per share, with EPS estimates ranging from $3.80 to $5.20. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Intel.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.18. The company had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.07 billion. Intel had a net margin of 27.46% and a return on equity of 28.28%. Intel’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS.

Several analysts recently issued reports on INTC shares. Robert W. Baird increased their price target on shares of Intel from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wedbush increased their price target on shares of Intel from $42.90 to $46.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Atlantic Securities started coverage on shares of Intel in a research report on Monday, July 22nd. They set an “underweight” rating and a $38.00 price target on the stock. Deutsche Bank reiterated a “buy” rating and set a $62.00 price target (up previously from $60.00) on shares of Intel in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. set a $68.00 price target on shares of Intel and gave the stock an “overweight” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $55.81.

In other Intel news, CEO Robert Holmes Swan purchased 10,918 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average price of $45.70 per share, with a total value of $498,952.60. Following the completion of the purchase, the chief executive officer now owns 168,955 shares of the company’s stock, valued at $7,721,243.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Navin Shenoy sold 8,551 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $52.06, for a total transaction of $445,165.06. Following the transaction, the executive vice president now directly owns 70,276 shares of the company’s stock, valued at approximately $3,658,568.56. The disclosure for this sale can be found here. Insiders sold 17,482 shares of company stock worth $911,044 in the last 90 days. Company insiders own 0.02% of the company’s stock.

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Hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its stake in Intel by 1,899.0% during the second quarter. Nuveen Asset Management LLC now owns 25,170,134 shares of the chip maker’s stock worth $1,204,894,000 after buying an additional 23,911,014 shares during the last quarter. Davis Selected Advisers raised its stake in Intel by 806.0% during the second quarter. Davis Selected Advisers now owns 7,473,706 shares of the chip maker’s stock worth $357,766,000 after buying an additional 6,648,828 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Intel by 214.8% during the second quarter. Pictet Asset Management Ltd. now owns 9,620,463 shares of the chip maker’s stock worth $460,532,000 after buying an additional 6,564,340 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Intel by 762.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,174,969 shares of the chip maker’s stock worth $215,136,000 after buying an additional 3,691,057 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its stake in Intel by 4,885.4% during the second quarter. Thoroughbred Financial Services LLC now owns 2,548,597 shares of the chip maker’s stock worth $254,860,000 after buying an additional 2,497,476 shares during the last quarter. 67.21% of the stock is owned by hedge funds and other institutional investors.

Shares of INTC stock traded up $0.22 on Tuesday, reaching $58.27. The stock had a trading volume of 11,888,800 shares, compared to its average volume of 22,595,813. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $250.34 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.66 and a beta of 0.93. The firm’s 50-day moving average is $52.89 and its two-hundred day moving average is $49.43. Intel has a 12 month low of $42.86 and a 12 month high of $59.59.

Intel announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 24th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the chip maker to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be given a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio is currently 27.51%.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Earnings History and Estimates for Intel (NASDAQ:INTC)

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