Intel (INTC) Scheduled to Post Quarterly Earnings on Thursday

Intel (NASDAQ:INTC) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Intel to post earnings of $0.13 per share for the quarter. Intel has set its Q1 guidance at $0.13 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, analysts expect Intel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Intel Stock Down 0.4 %

NASDAQ:INTC opened at $34.28 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market cap of $144.94 billion, a PE ratio of 87.90, a PEG ratio of 3.07 and a beta of 1.00. Intel has a 52-week low of $26.85 and a 52-week high of $51.28. The stock has a 50-day simple moving average of $41.48 and a 200 day simple moving average of $42.36.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.46%. Intel’s dividend payout ratio is presently 128.21%.

Analyst Ratings Changes

INTC has been the topic of a number of recent analyst reports. Susquehanna dropped their price objective on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. HSBC decreased their price objective on Intel from $44.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday. The Goldman Sachs Group upped their target price on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a report on Friday, January 26th. Mizuho reduced their price objective on Intel from $58.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, UBS Group increased their price objective on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.38.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.