Brokerages Anticipate Intel Co. (NASDAQ:INTC) to Post $0.80 Earnings Per Share

Wall Street analysts expect that Intel Co. (NASDAQ:INTCGet Rating) will report $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Intel’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.81. Intel posted earnings per share of $1.39 in the same quarter last year, which indicates a negative year over year growth rate of 42.4%. The company is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Intel will report full-year earnings of $3.48 per share for the current year, with EPS estimates ranging from $3.31 to $3.65. For the next fiscal year, analysts anticipate that the company will post earnings of $3.65 per share, with EPS estimates ranging from $2.94 to $4.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Intel.

Intel (NASDAQ:INTCGet Rating) last issued its quarterly earnings results on Wednesday, January 26th. The chip maker reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. The firm had revenue of $19.53 billion during the quarter, compared to analysts’ expectations of $18.36 billion. Intel had a net margin of 25.14% and a return on equity of 25.52%. Intel’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS.

A number of research analysts recently commented on INTC shares. Raymond James raised Intel from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 23rd. Mizuho reduced their target price on Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, January 27th. Credit Suisse Group set a $70.00 target price on Intel in a report on Tuesday, February 15th. Truist Financial reduced their target price on Intel from $53.00 to $49.00 in a report on Friday, April 8th. Finally, Sanford C. Bernstein set a $40.00 price target on Intel in a research report on Tuesday, February 15th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.61.

In related news, EVP Steven Ralph Rodgers sold 3,863 shares of the company’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $48.81, for a total transaction of $188,553.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger purchased 5,600 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The shares were purchased at an average price of $44.27 per share, with a total value of $247,912.00. The disclosure for this purchase can be found here. Insiders own 0.02% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC bought a new stake in Intel in the 3rd quarter worth approximately $727,000. Ironwood Wealth Management LLC. increased its stake in Intel by 2.8% in the second quarter. Ironwood Wealth Management LLC. now owns 8,511 shares of the chip maker’s stock worth $478,000 after purchasing an additional 232 shares during the period. Morgan Stanley increased its stake in Intel by 5.3% in the second quarter. Morgan Stanley now owns 27,235,326 shares of the chip maker’s stock worth $1,528,991,000 after purchasing an additional 1,378,548 shares during the period. Keudell Morrison Wealth Management grew its position in shares of Intel by 4.1% during the 3rd quarter. Keudell Morrison Wealth Management now owns 25,823 shares of the chip maker’s stock worth $1,376,000 after buying an additional 1,007 shares in the last quarter. Finally, Meitav Dash Investments Ltd. grew its position in shares of Intel by 141.5% during the 3rd quarter. Meitav Dash Investments Ltd. now owns 93,705 shares of the chip maker’s stock worth $5,002,000 after buying an additional 54,902 shares in the last quarter. 61.73% of the stock is owned by institutional investors.

Shares of INTC stock traded up $0.52 during trading hours on Monday, reaching $47.06. The company had a trading volume of 35,966,058 shares, compared to its average volume of 37,958,137. The company has a market capitalization of $192.41 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 1.82 and a beta of 0.55. Intel has a twelve month low of $43.63 and a twelve month high of $59.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.71 and a current ratio of 2.10. The stock’s fifty day simple moving average is $47.57 and its 200 day simple moving average is $49.86.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Saturday, May 7th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 annualized dividend and a yield of 3.10%. Intel’s dividend payout ratio (DPR) is presently 30.04%.

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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