$0.80 Earnings Per Share Expected for Intel Corporation (INTC) This Quarter

Equities analysts expect that Intel Corporation (NASDAQ:INTC) will post earnings per share of $0.80 for the current quarter, according to Zacks. Thirteen analysts have made estimates for Intel Corporation’s earnings. The highest EPS estimate is $0.82 and the lowest is $0.80. Intel Corporation also reported earnings per share of $0.80 during the same quarter last year. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Intel Corporation will report full year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.98 to $3.08. For the next financial year, analysts expect that the firm will post earnings of $3.11 per share, with EPS estimates ranging from $2.86 to $3.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Intel Corporation.

Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS.

INTC has been the topic of several research reports. Zacks Investment Research raised shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, September 6th. ValuEngine downgraded shares of Intel Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Vetr raised shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 price target on the stock in a research note on Thursday, August 24th. Credit Suisse Group reissued an “outperform” rating on shares of Intel Corporation in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of Intel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.75.

Shares of Intel Corporation (NASDAQ INTC) traded down 0.08% during mid-day trading on Monday, hitting $39.27. 8,988,279 shares of the stock traded hands. The company has a market cap of $184.53 billion, a P/E ratio of 14.99 and a beta of 1.07. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $39.95. The firm has a 50 day moving average of $36.89 and a 200 day moving average of $35.88.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a dividend yield of 2.77%. Intel Corporation’s dividend payout ratio is presently 41.76%.

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In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $55,910.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $34.65, for a total transaction of $56,791.35. Following the completion of the sale, the executive vice president now owns 114,542 shares of the company’s stock, valued at approximately $3,968,880.30. The disclosure for this sale can be found here. Insiders have sold a total of 81,608 shares of company stock valued at $3,095,110 in the last 90 days. Insiders own 0.08% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. raised its position in Intel Corporation by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 29 shares during the last quarter. Summit Asset Management LLC raised its position in Intel Corporation by 0.7% in the 1st quarter. Summit Asset Management LLC now owns 6,281 shares of the chip maker’s stock valued at $227,000 after purchasing an additional 46 shares during the last quarter. First Hawaiian Bank raised its position in Intel Corporation by 0.9% in the 1st quarter. First Hawaiian Bank now owns 5,769 shares of the chip maker’s stock valued at $208,000 after purchasing an additional 50 shares during the last quarter. Conservest Capital Advisors Inc. raised its position in Intel Corporation by 0.6% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 51 shares during the last quarter. Finally, Hudock Capital Group LLC raised its position in Intel Corporation by 0.4% in the 1st quarter. Hudock Capital Group LLC now owns 12,570 shares of the chip maker’s stock valued at $453,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 67.02% of the company’s stock.

About Intel Corporation

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 Corporation (NASDAQ:INTC)

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