Zacks: Analysts Expect Intel Co. (NASDAQ:INTC) to Announce $1.25 Earnings Per Share

Analysts expect Intel Co. (NASDAQ:INTC) to report $1.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Intel’s earnings, with the highest EPS estimate coming in at $1.26 and the lowest estimate coming in at $1.24. Intel posted earnings of $1.28 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, January 23rd.

On average, analysts expect that Intel will report full-year earnings of $4.61 per share for the current financial year, with EPS estimates ranging from $4.59 to $4.64. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.72 per share, with EPS estimates ranging from $3.80 to $5.20. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Intel.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.18. The business had revenue of $19.19 billion for the quarter, compared to analyst estimates of $18.07 billion. Intel had a return on equity of 28.28% and a net margin of 27.46%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS.

INTC has been the subject of several research reports. Northland Securities reiterated a “buy” rating and set a $69.00 price objective on shares of Intel in a research note on Tuesday, November 5th. KeyCorp reiterated a “hold” rating on shares of Intel in a report on Friday, October 25th. Susquehanna Bancshares raised their price objective on Intel from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $65.00 target price (up previously from $58.00) on shares of Intel in a research report on Friday, October 25th. They noted that the move was a valuation call. Finally, Royal Bank of Canada boosted their price target on Intel from $47.00 to $48.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.32.

Shares of NASDAQ:INTC traded down $1.46 during trading on Thursday, reaching $56.20. 2,111,387 shares of the stock were exchanged, compared to its average volume of 15,098,742. The firm’s 50-day moving average price is $56.23 and its 200 day moving average price is $50.19. The firm has a market cap of $252.52 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. Intel has a 12-month low of $42.86 and a 12-month high of $59.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20.

Intel announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 24th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the chip maker to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The company also recently announced a — dividend, which was paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th were given a $0.315 dividend. This represents a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, November 6th. Intel’s dividend payout ratio (DPR) is 27.51%.

In other news, Chairman Andy D. Bryant sold 46,932 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $58.24, for a total value of $2,733,319.68. Following the completion of the transaction, the chairman now owns 425,491 shares of the company’s stock, valued at $24,780,595.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Navin Shenoy sold 8,551 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $52.06, for a total value 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 approximately $3,658,568.56. The disclosure for this sale can be found here. Insiders sold 68,738 shares of company stock worth $3,692,492 in the last 90 days. 0.02% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Nuveen Asset Management LLC boosted its position in shares of Intel by 1,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 25,170,134 shares of the chip maker’s stock valued at $1,204,894,000 after purchasing an additional 23,911,014 shares in the last quarter. Davis Selected Advisers lifted its holdings in shares of Intel by 806.0% in the second quarter. Davis Selected Advisers now owns 7,473,706 shares of the chip maker’s stock valued at $357,766,000 after purchasing an additional 6,648,828 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Intel by 214.8% in the second quarter. Pictet Asset Management Ltd. now owns 9,620,463 shares of the chip maker’s stock worth $460,532,000 after buying an additional 6,564,340 shares during the period. Man Group plc boosted its position in shares of Intel by 978.3% in the third quarter. Man Group plc now owns 5,306,135 shares of the chip maker’s stock worth $273,424,000 after buying an additional 4,814,051 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Intel by 762.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,174,969 shares of the chip maker’s stock valued at $215,136,000 after buying an additional 3,691,057 shares in the last quarter. 65.33% of the stock is owned by institutional investors and hedge funds.

About Intel

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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