Intel Co. (INTC) Expected to Post Earnings of $0.86 Per Share
Equities analysts expect Intel Co. (NASDAQ:INTC) to post earnings per share of $0.86 for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Intel’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.86. Intel reported earnings per share of $0.79 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The company is expected to announce its next earnings results after the market closes on Thursday, January 25th.
On average, analysts expect that Intel will report full-year earnings of $3.25 per share for the current year, with EPS estimates ranging from $3.24 to $3.28. For the next year, analysts forecast that the company will report earnings of $3.28 per share, with EPS estimates ranging from $2.92 to $3.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Intel.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $16.15 billion during 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%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share.
Several equities analysts recently weighed in on the stock. Mizuho restated a “buy” rating and set a $47.00 price target on shares of Intel in a research report on Tuesday, December 26th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price target for the company. in a research report on Tuesday, January 2nd. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity increased their price target on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Finally, Barclays restated a “buy” rating and set a $55.00 price target on shares of Intel in a research report on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.78.
Intel (NASDAQ:INTC) opened at $44.74 on Tuesday. The firm has a market cap of $209,380.00, a PE ratio of 15.70, a P/E/G ratio of 1.62 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 1 year low of $33.23 and a 1 year high of $47.64.
In other news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the transaction, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The disclosure for this sale can be found here. Insiders sold 1,487,054 shares of company stock valued at $65,800,132 over the last 90 days. 0.08% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in INTC. Janus Henderson Group PLC raised its stake in Intel by 4,951.1% in the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares in the last quarter. Capital Research Global Investors raised its stake 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 purchasing an additional 10,744,753 shares in the last quarter. Capital World Investors raised its stake 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 purchasing an additional 10,257,260 shares in the last quarter. Capital International Investors purchased a new stake in Intel in the third quarter valued at approximately $339,563,000. Finally, Vanguard Group Inc. raised its stake 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 purchasing an additional 8,087,302 shares in the last quarter. Institutional investors own 67.54% of the company’s stock.
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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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