Equities analysts expect that Intel Corporation (NASDAQ:INTC) will announce earnings per share (EPS) of $0.80 for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Intel Corporation’s earnings, with estimates ranging from $0.77 to $0.80. Intel Corporation also posted earnings of $0.80 per share in the same quarter last year. The firm is expected to report its next earnings report on Tuesday, October 17th.

According to Zacks, analysts expect that Intel Corporation will report full year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $3.02. For the next year, analysts anticipate that the firm will post earnings of $3.09 per share, with EPS estimates ranging from $2.86 to $3.34. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Intel Corporation.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS.

INTC has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a research report on Saturday, April 29th. Mizuho reissued a “buy” rating on shares of Intel Corporation in a research report on Friday, April 28th. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Intel Corporation in a research report on Friday, April 28th. Vetr raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $37.01 price objective for the company in a research report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, May 16th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Intel Corporation presently has an average rating of “Hold” and a consensus price target of $40.55.

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In other news, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the sale, the chief executive officer now owns 534,746 shares in the company, valued at $18,015,592.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert Holmes Swan bought 13,888 shares of the stock in a transaction dated Monday, June 5th. The stock was purchased at an average price of $36.31 per share, with a total value of $504,273.28. Following the acquisition, the chief financial officer now owns 8,774 shares of the company’s stock, valued at $318,583.94. The disclosure for this purchase can be found here. In the last quarter, insiders sold 91,921 shares of company stock valued at $3,130,162. 0.09% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in INTC. Jackson Grant Investment Advisers Inc. raised its position in Intel Corporation by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares during the last quarter. Cordasco Financial Network raised its position in Intel Corporation by 0.7% in the first quarter. Cordasco Financial Network now owns 5,699 shares of the chip maker’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. Summit Asset Management LLC raised its position in Intel Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after buying an additional 46 shares during the last quarter. First Hawaiian Bank raised its position in Intel Corporation by 0.9% in the first quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after buying an additional 50 shares during the last quarter. Finally, First Command Financial Services Inc. raised its position in Intel Corporation by 0.4% in the first quarter. First Command Financial Services Inc. now owns 12,607 shares of the chip maker’s stock valued at $455,000 after buying an additional 51 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Intel Corporation (INTC) traded up 1.31% on Monday, reaching $36.34. 18,469,133 shares of the company’s stock were exchanged. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The firm’s 50-day moving average is $34.84 and its 200-day moving average is $35.72. The firm has a market cap of $170.76 billion, a PE ratio of 13.87 and a beta of 1.01.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.00%. Intel Corporation’s dividend payout ratio is currently 41.76%.

Intel Corporation Company Profile

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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Earnings History and Estimates for Intel Corporation (NASDAQ:INTC)

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