Brokerages expect that Intel Co. (NASDAQ:INTC) will post sales of $18.10 billion for the current quarter, according to Zacks. Twelve analysts have issued estimates for Intel’s earnings. The highest sales estimate is $18.24 billion and the lowest is $17.98 billion. Intel reported sales of $16.15 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.1%. The company is expected to announce its next earnings results on Thursday, October 25th.

On average, analysts expect that Intel will report full-year sales of $69.50 billion for the current financial year, with estimates ranging from $68.92 billion to $69.88 billion. For the next year, analysts forecast that the business will report sales of $71.43 billion per share, with estimates ranging from $66.65 billion to $73.62 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Intel.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 net margin of 20.07% and a return on equity of 27.33%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS.

Several research firms have recently weighed in on INTC. Stifel Nicolaus boosted their target price on shares of Intel from $53.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, April 27th. B. Riley boosted their target price on shares of Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 27th. Summit Insights downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. Cowen began coverage on shares of Intel in a research report on Thursday, May 17th. They issued a “market perform” rating and a $55.00 target price for the company. Finally, BNP Paribas reissued a “neutral” rating and issued a $54.00 target price on shares of Intel in a research report on Monday, May 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $55.63.

Shares of INTC traded up $0.68 during midday trading on Wednesday, hitting $47.66. The company had a trading volume of 17,910,481 shares, compared to its average volume of 27,938,934. The company has a market capitalization of $220.11 billion, a P/E ratio of 13.77, a PEG ratio of 1.35 and a beta of 1.00. Intel has a 52 week low of $34.46 and a 52 week high of $57.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Tuesday, August 7th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Monday, August 6th. Intel’s payout ratio is 34.68%.

In other Intel news, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $47.69, for a total transaction of $28,661.69. Following the completion of the transaction, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at approximately $1,950,664.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the transaction, the executive vice president now directly owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The disclosure for this sale can be found here. Insiders have sold a total of 4,077 shares of company stock valued at $205,757 over the last three months. 0.03% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. BancorpSouth Bank acquired a new stake in shares of Intel in the 4th quarter worth approximately $6,306,000. James Hambro & Partners acquired a new stake in shares of Intel in the 4th quarter worth approximately $305,000. Pinebridge Investments L.P. lifted its stake in shares of Intel by 208.2% in the 4th quarter. Pinebridge Investments L.P. now owns 448,507 shares of the chip maker’s stock worth $20,703,000 after acquiring an additional 302,961 shares during the period. RPG Investment Advisory LLC lifted its stake in shares of Intel by 460.3% in the 1st quarter. RPG Investment Advisory LLC now owns 9,592 shares of the chip maker’s stock worth $500,000 after acquiring an additional 7,880 shares during the period. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of Intel by 1.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,297,968 shares of the chip maker’s stock worth $67,598,000 after acquiring an additional 12,285 shares during the period. 66.65% of the stock is owned by hedge funds and other institutional investors.

About Intel

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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