Brokerages Expect Intel Co. (NASDAQ:INTC) Will Post Quarterly Sales of $18.04 Billion

Wall Street analysts expect Intel Co. (NASDAQ:INTC) to report $18.04 billion in sales for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Intel’s earnings, with the lowest sales estimate coming in at $17.90 billion and the highest estimate coming in at $18.30 billion. Intel posted sales of $19.16 billion in the same quarter last year, which would indicate a negative year over year growth rate of 5.8%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Intel will report full-year sales of $69.37 billion for the current year, with estimates ranging from $68.83 billion to $70.00 billion. For the next fiscal year, analysts anticipate that the business will post sales of $70.87 billion, with estimates ranging from $65.95 billion to $73.92 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Intel.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. During the same quarter last year, the business earned $1.04 earnings per share. Intel’s revenue was down 2.7% compared to the same quarter last year.



INTC has been the topic of a number of research analyst reports. Wedbush lifted their price target on shares of Intel from $37.50 to $42.90 and gave the company an “underperform” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Intel from a “sell” rating to a “hold” rating and set a $54.00 price target on the stock in a report on Monday, July 29th. UBS Group reiterated a “buy” rating and issued a $58.00 price target on shares of Intel in a report on Friday, July 26th. Sanford C. Bernstein reiterated a “sell” rating and issued a $39.00 price target on shares of Intel in a report on Friday, July 26th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $58.00 price target (up previously from $54.00) on shares of Intel in a report on Friday, July 26th. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $54.09.

In other news, Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.92, for a total value of $127,758.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navin Shenoy sold 8,551 shares of Intel stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $52.06, for a total transaction of $445,165.06. Following the completion of the transaction, the executive vice president now directly owns 70,276 shares of the company’s stock, valued at $3,658,568.56. The disclosure for this sale can be found here. Insiders sold a total of 39,032 shares of company stock valued at $2,006,895 in the last three months. Insiders own 0.02% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Delta Asset Management LLC TN boosted its stake in Intel by 0.9% during the 2nd quarter. Delta Asset Management LLC TN now owns 23,170 shares of the chip maker’s stock valued at $1,109,000 after purchasing an additional 200 shares during the period. Mount Vernon Associates Inc. MD raised its position in shares of Intel by 0.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 46,004 shares of the chip maker’s stock worth $2,202,000 after buying an additional 200 shares in the last quarter. NTV Asset Management LLC raised its position in shares of Intel by 0.7% during the 2nd quarter. NTV Asset Management LLC now owns 28,219 shares of the chip maker’s stock worth $1,351,000 after buying an additional 208 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC raised its position in shares of Intel by 3.0% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,066 shares of the chip maker’s stock worth $340,000 after buying an additional 209 shares in the last quarter. Finally, Apriem Advisors raised its position in shares of Intel by 3.1% during the 4th quarter. Apriem Advisors now owns 7,074 shares of the chip maker’s stock worth $332,000 after buying an additional 210 shares in the last quarter. 65.89% of the stock is owned by institutional investors and hedge funds.

Shares of INTC traded up $1.20 during mid-day trading on Friday, reaching $51.02. The company had a trading volume of 16,522,450 shares, compared to its average volume of 23,295,652. The stock has a market cap of $224.69 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90. The firm has a fifty day simple moving average of $48.46 and a 200-day simple moving average of $49.79. Intel has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.

The business also recently announced a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be given a $0.315 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 6th. Intel’s payout ratio is currently 27.51%.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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