$19.20 Billion in Sales Expected for Intel Co. (NASDAQ:INTC) This Quarter

Equities analysts expect that Intel Co. (NASDAQ:INTC) will report sales of $19.20 billion for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Intel’s earnings, with estimates ranging from $19.19 billion to $19.22 billion. Intel posted sales of $18.66 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The company is expected to announce its next earnings report on Thursday, January 23rd.

According to Zacks, analysts expect that Intel will report full-year sales of $70.96 billion for the current fiscal year, with estimates ranging from $70.95 billion to $70.97 billion. For the next year, analysts expect that the business will report sales of $72.07 billion, with estimates ranging from $67.11 billion to $73.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Intel.

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

INTC has been the topic of a number of recent research reports. Barclays upped their target price on shares of Intel from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Friday, October 25th. SunTrust Banks upped their target price on shares of Intel from $58.00 to $60.00 and gave the company a “hold” rating in a report on Friday, October 25th. Cowen upped their target price on shares of Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Cascend Securities restated a “buy” rating and issued a $65.00 target price (up from $55.00) on shares of Intel in a report on Friday, July 26th. Finally, Wedbush upped their target price on shares of Intel from $42.90 to $46.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $55.81.

In related news, Director Frank D. Yeary sold 2,509 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.34, for a total transaction of $141,357.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navin Shenoy sold 1,404 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.94, for a total transaction of $78,539.76. Following the sale, the executive vice president now directly owns 58,168 shares of the company’s stock, valued at approximately $3,253,917.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,482 shares of company stock valued at $911,044. Corporate insiders own 0.02% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ogorek Anthony Joseph NY ADV grew its position in Intel by 500.0% in the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. Fulcrum Capital LLC acquired a new stake in Intel in the third quarter valued at approximately $201,000. Intercontinental Wealth Advisors LLC grew its position in Intel by 83.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after acquiring an additional 450 shares in the last quarter. Lenox Wealth Advisors LLC grew its position in Intel by 117.4% in the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after acquiring an additional 540 shares in the last quarter. Finally, Next Capital Management LLC acquired a new stake in Intel in the second quarter valued at approximately $48,000. 67.21% of the stock is owned by hedge funds and other institutional investors.

Shares of Intel stock traded up $0.22 during trading on Thursday, reaching $58.27. The company’s stock had a trading volume of 11,888,800 shares, compared to its average volume of 22,595,813. The firm has a market cap of $250.34 billion, a PE ratio of 12.72, a P/E/G ratio of 1.66 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $52.89 and a two-hundred day moving average price of $49.43. Intel has a fifty-two week low of $42.86 and a fifty-two week high of $59.59.

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

Intel declared that its Board of Directors has authorized a stock buyback program on Thursday, October 24th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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