Intel (NASDAQ:INTC) will be issuing its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.88 per share for the quarter.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. Intel had a return on equity of 29.54% and a net margin of 29.04%. The company had revenue of $16.10 million during the quarter, compared to the consensus estimate of $16.03 billion. During the same period last year, the company earned $0.87 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. On average, analysts expect Intel to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of INTC opened at $51.75 on Wednesday. Intel has a 1 year low of $42.36 and a 1 year high of $59.59. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $225.06 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.59 and a beta of 0.84. The business’s 50-day moving average is $47.85.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.315 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.43%. Intel’s dividend payout ratio (DPR) is 27.51%.
INTC has been the subject of a number of analyst reports. Nomura initiated coverage on NVIDIA in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 price objective for the company. Credit Suisse Group set a €38.00 ($44.19) target price on Dialog Semiconductor and gave the stock a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets lifted their target price on goeasy from C$55.00 to C$60.00 in a report on Thursday, May 9th. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Finally, Mizuho lowered their target price on Intel from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 11th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.40.
In related news, EVP Navin Shenoy sold 611 shares of Intel stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $51.00, for a total transaction of $31,161.00. Following the transaction, the executive vice president now owns 51,619 shares of the company’s stock, valued at $2,632,569. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of Intel stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $52.19, for a total value of $1,982,645.91. Following the transaction, the insider now directly owns 76,855 shares in the company, valued at approximately $4,011,062.45. The disclosure for this sale can be found here. Insiders sold 48,406 shares of company stock valued at $2,477,573 in the last three months. Insiders own 0.02% of the company’s stock.
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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