Analysts Anticipate Intel Corporation $INTC to Post $0.86 Earnings Per Share

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Equities research analysts expect Intel Corporation (NASDAQ:INTC) to post earnings per share (EPS) of $0.86 for the current quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Intel’s earnings. The lowest EPS estimate is $0.86 and the highest is $0.87. Intel posted earnings of $0.79 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The business is expected to report its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that Intel will report full-year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $3.28. For the next fiscal year, analysts forecast that the firm will post earnings of $3.28 per share, with EPS estimates ranging from $2.92 to $3.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Intel.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. Intel’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share.

INTC has been the topic of several research reports. Credit Suisse Group reissued an “outperform” rating on shares of Intel in a report on Thursday, August 31st. Stifel Nicolaus lifted their price objective on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, September 6th. BidaskClub lowered shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Vetr raised shares of Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 price objective on the stock in a report on Wednesday, October 11th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.68.

In related news, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the completion of the transaction, the chief executive officer now directly owns 543,948 shares in the company, valued at $21,072,545.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders have sold 1,548,914 shares of company stock valued at $68,196,589 over the last quarter. Insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Capital World Investors increased its holdings in Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Capital Research Global Investors increased its holdings in Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Intel by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after buying an additional 397,082 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Intel by 2.0% in the third quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after buying an additional 502,225 shares in the last quarter. Institutional investors own 67.69% of the company’s stock.

Shares of Intel (INTC) traded up $0.27 during mid-day trading on Wednesday, reaching $43.35. 22,833,083 shares of the company traded hands, compared to its average volume of 24,413,346. The stock has a market capitalization of $201,614.41, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel has a 12 month low of $33.23 and a 12 month high of $47.30.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.2725 per share. The ex-dividend date was Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.51%. Intel’s payout ratio is currently 38.11%.

About Intel

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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