$0.69 Earnings Per Share Expected for Intel Co. (NASDAQ:INTC) This Quarter

Equities research analysts expect that Intel Co. (NASDAQ:INTCGet Rating) will report earnings of $0.69 per share for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Intel’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.71. Intel reported earnings of $1.28 per share during the same quarter last year, which would indicate a negative year over year growth rate of 46.1%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Intel will report full year earnings of $3.53 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.60. For the next year, analysts anticipate that the business will report earnings of $3.69 per share, with EPS estimates ranging from $2.94 to $4.00. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Intel.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $18.40 billion during the quarter, compared to analysts’ expectations of $18.32 billion. Intel had a return on equity of 21.67% and a net margin of 31.68%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS.

INTC has been the subject of several research reports. DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Thursday, February 24th. JPMorgan Chase & Co. set a $64.00 price objective on Intel in a report on Thursday, January 27th. Morgan Stanley cut Intel from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $55.00 to $47.00 in a report on Thursday, March 3rd. Truist Financial dropped their price objective on Intel from $53.00 to $49.00 in a report on Friday, April 8th. Finally, Bank of America dropped their price objective on Intel from $55.00 to $52.00 and set an “underperform” rating for the company in a report on Thursday, January 27th. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.82.

NASDAQ:INTC opened at $43.60 on Monday. The stock has a market cap of $178.28 billion, a P/E ratio of 7.24, a PEG ratio of 1.62 and a beta of 0.61. The stock has a 50 day simple moving average of $46.87 and a 200 day simple moving average of $49.06. The company has a current ratio of 2.13, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. Intel has a 1-year low of $42.01 and a 1-year high of $58.42.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Saturday, May 7th will be given a dividend of $0.365 per share. The ex-dividend date is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a yield of 3.35%. Intel’s dividend payout ratio is currently 24.25%.

In related news, Director Omar Ishrak purchased 11,025 shares of Intel stock in a transaction on Tuesday, February 22nd. The shares were purchased at an average price of $45.11 per share, for a total transaction of $497,337.75. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Zinsner purchased 5,500 shares of Intel stock in a transaction on Tuesday, May 3rd. The stock was bought at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the transaction, the chief financial officer now directly owns 8,803 shares in the company, valued at approximately $393,758.19. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,125 shares of company stock worth $991,265 in the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ulland Investment Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at about $26,000. Lansing Street Advisors acquired a new position in shares of Intel in the 1st quarter valued at about $28,000. Lloyd Advisory Services LLC. lifted its stake in shares of Intel by 2,835.0% in the 1st quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock valued at $29,000 after purchasing an additional 567 shares during the period. Landmark Wealth Management LLC acquired a new position in shares of Intel in the 1st quarter valued at about $31,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of Intel by 64.0% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock valued at $34,000 after purchasing an additional 256 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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