Brokerages Expect Intel Co. (INTC) Will Announce Quarterly Sales of $15.05 Billion

Wall Street brokerages forecast that Intel Co. (NASDAQ:INTC) will post $15.05 billion in sales for the current fiscal quarter, Zacks reports. Twelve analysts have issued estimates for Intel’s earnings. The lowest sales estimate is $15.00 billion and the highest is $15.47 billion. Intel posted sales of $14.80 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, April 26th.

According to Zacks, analysts expect that Intel will report full-year sales of $64.82 billion for the current year, with estimates ranging from $63.56 billion to $65.50 billion. For the next financial year, analysts forecast that the firm will post sales of $66.81 billion per share, with estimates ranging from $61.71 billion to $71.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Intel.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share.



A number of equities research analysts have recently issued reports on the stock. Tigress Financial raised shares of Intel from a “neutral” rating to a “buy” rating and set a $50.34 target price for the company in a research report on Thursday, April 5th. Morningstar set a $41.00 target price on shares of Intel and gave the company a “neutral” rating in a research report on Friday, January 26th. Morgan Stanley boosted their target price on shares of Intel from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. KeyCorp boosted their target price on shares of Intel from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, ValuEngine cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $50.87.

In other Intel news, VP Kevin Thomas Mcbride sold 686 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total transaction of $31,940.16. Following the completion of the sale, the vice president now owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 8,967 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $436,423.89. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock valued at $6,011,490 in the last three months. Insiders own 0.08% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Whalerock Point Partners LLC grew its position in shares of Intel by 32.8% during the 4th quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock worth $1,730,000 after buying an additional 9,250 shares during the period. Epstein & White Financial LLC bought a new position in shares of Intel in the 4th quarter worth $262,000. Berkshire Asset Management LLC PA lifted its holdings in shares of Intel by 9.0% in the 4th quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock worth $20,477,000 after purchasing an additional 36,802 shares in the last quarter. InterOcean Capital LLC lifted its holdings in shares of Intel by 14.8% in the 2nd quarter. InterOcean Capital LLC now owns 392,898 shares of the chip maker’s stock worth $13,256,000 after purchasing an additional 50,702 shares in the last quarter. Finally, Beacon Financial Group lifted its holdings in shares of Intel by 39.5% in the 3rd quarter. Beacon Financial Group now owns 44,367 shares of the chip maker’s stock worth $1,689,000 after purchasing an additional 12,571 shares in the last quarter. 69.16% of the stock is owned by institutional investors and hedge funds.

Shares of Intel stock traded down $0.86 during trading on Friday, reaching $51.86. The company’s stock had a trading volume of 20,729,732 shares, compared to its average volume of 35,807,805. The stock has a market cap of $239,061.98, a PE ratio of 14.99, a PEG ratio of 1.71 and a beta of 0.95. Intel has a 52 week low of $33.23 and a 52 week high of $53.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio is currently 34.68%.

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Intel 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 (NASDAQ:INTC)

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