Intel Co. (INTC) Expected to Announce Earnings of $1.15 Per Share

Analysts expect that Intel Co. (NASDAQ:INTC) will report $1.15 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Intel’s earnings, with the lowest EPS estimate coming in at $1.13 and the highest estimate coming in at $1.18. Intel reported earnings of $1.01 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.9%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Intel will report full year earnings of $4.16 per share for the current fiscal year, with EPS estimates ranging from $4.11 to $4.20. For the next financial year, analysts forecast that the business will report earnings of $4.25 per share, with EPS estimates ranging from $3.67 to $4.65. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Intel.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. The firm had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share.

A number of equities analysts have weighed in on INTC shares. Morningstar set a $65.00 price target on Intel and gave the stock a “buy” rating in a research report on Monday, October 1st. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, June 27th. BidaskClub downgraded Intel from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Morgan Stanley downgraded Intel from an “equal” rating to a “weight” rating in a research report on Monday, October 1st. Finally, Nomura reissued a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Friday, August 10th. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.08.

In related news, CEO Robert Holmes Swan purchased 5,243 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was acquired at an average cost of $47.69 per share, for a total transaction of $250,038.67. Following the completion of the purchase, the chief executive officer now owns 71,672 shares in the company, valued at approximately $3,418,037.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $47.69, for a total value of $28,661.69. Following the completion of the sale, the executive vice president now owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,077 shares of company stock valued at $205,757. 0.03% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Elmwood Wealth Management Inc. bought a new stake in Intel during the first quarter worth $110,000. Quad Cities Investment Group LLC bought a new stake in Intel during the second quarter worth $107,000. Financial Gravity Wealth Inc. bought a new stake in Intel during the first quarter worth $120,000. WP Advisors LLC bought a new stake in Intel during the second quarter worth $137,000. Finally, Well Done LLC bought a new stake in Intel during the first quarter worth $156,000. Institutional investors and hedge funds own 65.37% of the company’s stock.

Shares of NASDAQ INTC opened at $44.88 on Wednesday. The company has a market cap of $221.24 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57. Intel has a twelve month low of $39.28 and a twelve month high of $57.60.

The company also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, November 6th. Intel’s 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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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