Equities analysts expect Intel Co. (NASDAQ:INTC) to report $1.24 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Intel’s earnings. The highest EPS estimate is $1.26 and the lowest is $1.23. Intel reported earnings per share of $1.28 during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, January 23rd.

According to Zacks, analysts expect that Intel will report full-year earnings of $4.61 per share for the current financial year, with EPS estimates ranging from $4.59 to $4.64. For the next fiscal 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’ EPS calculations are a mean average based on a survey of research analysts that cover Intel.

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

A number of research firms have recently commented on INTC. BidaskClub downgraded Intel from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup boosted their price objective on Intel from $53.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird boosted their price objective on Intel from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Zacks Investment Research raised Intel from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective on the stock in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. set a $68.00 price objective on Intel and gave the stock an “overweight” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $56.88.

In other news, Chairman Andy D. Bryant sold 46,932 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $58.24, for a total transaction of $2,733,319.68. Following the completion of the sale, the chairman now owns 425,491 shares in the company, valued at approximately $24,780,595.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 1,404 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.94, for a total value of $78,539.76. Following the sale, the executive vice president now owns 58,168 shares of the company’s stock, valued at approximately $3,253,917.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,284 shares of company stock valued at $4,517,194. 0.02% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower View Investment Management & Research LLC acquired a new position in shares of Intel during the 4th quarter worth about $31,000. Corbenic Partners LLC acquired a new position in shares of Intel during the 4th quarter worth about $41,000. Intercontinental Wealth Advisors LLC lifted its position in shares of Intel by 83.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock worth $51,000 after purchasing an additional 450 shares during the last quarter. Lenox Wealth Advisors LLC lifted its position in shares of Intel by 117.4% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after purchasing an additional 540 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC acquired a new position in shares of Intel during the 3rd quarter worth about $62,000. Institutional investors own 65.28% of the company’s stock.

Shares of INTC traded down $0.06 during midday trading on Friday, reaching $59.60. The stock had a trading volume of 21,346,021 shares, compared to its average volume of 16,796,630. Intel has a 52 week low of $42.86 and a 52 week high of $60.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85. The firm’s 50 day moving average price is $58.57 and its 200-day moving average price is $53.16. The company has a market capitalization of $259.52 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.69 and a beta of 0.91.

Intel announced that its board has initiated a stock repurchase program on Thursday, October 24th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the chip maker to buy up to 8.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Intel Company Profile

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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