Analysts Anticipate Intel Co. (NASDAQ:INTC) Will Post Quarterly Sales of $18.21 Billion

Equities analysts forecast that Intel Co. (NASDAQ:INTC) will post $18.21 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Intel’s earnings, with estimates ranging from $18.19 billion to $18.24 billion. Intel posted sales of $19.19 billion in the same quarter last year, which would indicate a negative year over year growth rate of 5.1%. The business is scheduled to issue its next earnings results after the market closes on Thursday, October 22nd.

According to Zacks, analysts expect that Intel will report full-year sales of $75.09 billion for the current year, with estimates ranging from $74.96 billion to $75.56 billion. For the next year, analysts forecast that the company will report sales of $74.35 billion, with estimates ranging from $70.59 billion to $78.70 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Intel.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.12. The firm had revenue of $19.73 billion for the quarter, compared to analysts’ expectations of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same period in the prior year, the company earned $1.06 EPS.

A number of equities research analysts recently commented on the stock. BNP Paribas cut shares of Intel from an “outperform” rating to an “underperform” rating in a research note on Friday, July 24th. KeyCorp upgraded shares of Intel from a “sector weight” rating to an “overweight” rating and set a $82.00 target price on the stock in a report on Monday, June 15th. BMO Capital Markets reduced their target price on shares of Intel from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Tigress Financial restated a “buy” rating on shares of Intel in a report on Thursday, July 30th. Finally, Sanford C. Bernstein lowered shares of Intel from a “market perform” rating to an “underperform” rating and set a $45.00 target price on the stock. in a report on Friday, July 24th. Twelve analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have issued a buy rating to the stock. Intel currently has an average rating of “Hold” and a consensus target price of $61.15.

NASDAQ INTC traded up $1.49 during trading hours on Monday, reaching $51.43. The company’s stock had a trading volume of 29,441,958 shares, compared to its average volume of 30,177,072. The stock has a market cap of $218.73 billion, a PE ratio of 9.47, a PEG ratio of 1.36 and a beta of 0.71. Intel has a fifty-two week low of $43.63 and a fifty-two week high of $69.29. The company’s 50-day moving average is $49.60 and its two-hundred day moving average is $55.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Saturday, November 7th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, November 6th. Intel’s dividend payout ratio (DPR) is 27.10%.

In other news, EVP Navin Shenoy sold 2,847 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the sale, the executive vice president now owns 71,807 shares of the company’s stock, valued at $3,459,661.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Holmes Swan purchased 8,021 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were bought at an average cost of $50.00 per share, with a total value of $401,050.00. Following the transaction, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The disclosure for this purchase can be found here. Insiders sold 14,509 shares of company stock valued at $785,765 in the last ninety days. 0.04% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado lifted its stake in Intel by 4.1% during the first quarter. Public Employees Retirement Association of Colorado now owns 824,718 shares of the chip maker’s stock worth $44,634,000 after purchasing an additional 32,604 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Intel by 10.1% in the first quarter. Victory Capital Management Inc. now owns 4,275,916 shares of the chip maker’s stock valued at $231,413,000 after buying an additional 392,132 shares during the last quarter. Endurance Wealth Management Inc. lifted its stake in Intel by 13.4% in the first quarter. Endurance Wealth Management Inc. now owns 23,144 shares of the chip maker’s stock valued at $1,252,000 after buying an additional 2,726 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Intel by 171.3% in the first quarter. WINTON GROUP Ltd now owns 285,281 shares of the chip maker’s stock valued at $15,439,000 after buying an additional 180,124 shares during the last quarter. Finally, Haverford Trust Co. lifted its stake in Intel by 86.2% in the first quarter. Haverford Trust Co. now owns 258,542 shares of the chip maker’s stock valued at $13,992,000 after buying an additional 119,654 shares during the last quarter. 64.41% of the stock is owned by institutional investors and hedge funds.

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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