Zacks: Analysts Expect Intel Co. (NASDAQ:INTC) Will Announce Earnings of $0.69 Per Share

Equities analysts expect that Intel Co. (NASDAQ:INTCGet Rating) will announce $0.69 earnings per share for the current quarter, according to Zacks. Eleven analysts have issued estimates for Intel’s earnings, with estimates ranging from $0.60 to $0.71. Intel posted earnings of $1.28 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 46.1%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Intel will report full-year earnings of $3.53 per share for the current year, with EPS estimates ranging from $3.26 to $3.60. For the next year, analysts expect that the company will report earnings of $3.69 per share, with EPS estimates ranging from $2.94 to $4.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Intel.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $18.40 billion for the quarter, compared to analyst estimates of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 earnings per share.

A number of research firms have weighed in on INTC. DZ Bank downgraded shares of Intel from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research note on Thursday, February 24th. Wedbush reaffirmed an “underperform” rating and set a $45.00 price target on shares of Intel in a research note on Thursday, April 21st. Morgan Stanley downgraded shares of Intel from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $55.00 to $47.00 in a research note on Thursday, March 3rd. Bank of America cut their price target on shares of Intel from $55.00 to $52.00 and set an “underperform” rating on the stock in a research note on Thursday, January 27th. Finally, Citigroup cut their price target on shares of Intel from $58.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, January 27th. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $53.54.

NASDAQ INTC traded down $0.36 during mid-day trading on Monday, reaching $41.65. 44,781,009 shares of the stock were exchanged, compared to its average volume of 39,219,116. Intel has a 1-year low of $40.31 and a 1-year high of $58.42. The business’s fifty day simple moving average is $46.50 and its 200 day simple moving average is $48.83. The stock has a market capitalization of $170.31 billion, a PE ratio of 6.92, a PEG ratio of 1.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, May 5th. Intel’s dividend payout ratio is 24.25%.

In related news, CFO David Zinsner bought 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average cost of $44.73 per share, for a total transaction of $246,015.00. Following the purchase, the chief financial officer now directly owns 8,803 shares in the company, valued at $393,758.19. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Omar Ishrak bought 11,025 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were bought at an average price of $45.11 per share, with a total value of $497,337.75. The disclosure for this purchase can be found here. Insiders bought 22,125 shares of company stock valued at $991,265 over the last 90 days. 0.02% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Intel by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 349,634,956 shares of the chip maker’s stock worth $17,327,909,000 after acquiring an additional 5,076,202 shares during the last quarter. BlackRock Inc. grew its holdings in Intel by 3.0% during the 1st quarter. BlackRock Inc. now owns 341,450,251 shares of the chip maker’s stock worth $16,922,274,000 after acquiring an additional 10,103,061 shares during the last quarter. State Street Corp grew its holdings in Intel by 1.1% during the 1st quarter. State Street Corp now owns 178,991,617 shares of the chip maker’s stock worth $8,870,825,000 after acquiring an additional 1,874,534 shares during the last quarter. Geode Capital Management LLC grew its holdings in Intel by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 78,100,727 shares of the chip maker’s stock worth $4,013,364,000 after acquiring an additional 1,554,610 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in shares of Intel by 9.8% in the 1st quarter. Primecap Management Co. CA now owns 43,253,961 shares of the chip maker’s stock valued at $2,143,666,000 after purchasing an additional 3,852,666 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

Intel Company Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Earnings History and Estimates for Intel (NASDAQ:INTC)

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