Analysts Anticipate Intel Corporation (INTC) Will Announce Earnings of $0.80 Per Share
Equities research analysts forecast that Intel Corporation (NASDAQ:INTC) will report earnings of $0.80 per share for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Intel Corporation’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.80. Intel Corporation also posted earnings of $0.80 per share during the same quarter last year. The firm is expected to announce its next quarterly earnings report after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that Intel Corporation will report full-year earnings of $3.00 per share for the current year, with EPS estimates ranging from $2.98 to $3.05. For the next financial year, analysts anticipate that the company will post earnings of $3.09 per share, with EPS estimates ranging from $2.86 to $3.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Intel Corporation.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year.
A number of research firms recently weighed in on INTC. Jefferies Group LLC reaffirmed an “underperform” rating and set a $30.00 price objective (up previously from $29.00) on shares of Intel Corporation in a research report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Hilliard Lyons began coverage on shares of Intel Corporation in a research report on Wednesday, July 12th. They set a “buy” rating and a $41.00 price objective for the company. Canaccord Genuity reaffirmed a “hold” rating on shares of Intel Corporation in a research report on Saturday, June 3rd. Finally, Northland Securities set a $40.00 price objective on shares of Intel Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.64.
Shares of Intel Corporation (NASDAQ:INTC) traded down 0.43% on Wednesday, hitting $37.07. The company’s stock had a trading volume of 23,957,476 shares. The firm has a market cap of $174.19 billion, a price-to-earnings ratio of 14.15 and a beta of 1.02. The stock has a 50-day moving average price of $35.74 and a 200 day moving average price of $35.53. Intel Corporation has a one year low of $33.23 and a one year high of $38.45.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is presently 41.76%.
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In related news, insider Venkata S. M. Renduchintala sold 13,996 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $35.47, for a total value of $496,438.12. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at $54,481.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. In the last three months, insiders sold 91,921 shares of company stock valued at $3,130,162. Company insiders own 0.08% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Watermark Asset Management Inc. purchased a new stake in Intel Corporation in the first quarter valued at approximately $113,000. Acrospire Investment Management LLC grew its holdings in Intel Corporation by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock valued at $146,000 after purchasing an additional 1,400 shares during the period. Vigilant Capital Management LLC grew its holdings in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after purchasing an additional 805 shares during the period. Finally, Orrstown Financial Services Inc. grew its holdings in Intel Corporation by 23.0% in the second quarter. Orrstown Financial Services Inc. now owns 4,582 shares of the chip maker’s stock valued at $155,000 after purchasing an additional 857 shares during the period. Hedge funds and other institutional investors own 67.03% 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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