Analysts expect Intel Co. (NASDAQ:INTC) to post $15.01 billion in sales for the current quarter, Zacks reports. Twelve analysts have issued estimates for Intel’s earnings. The highest sales estimate is $15.07 billion and the lowest is $15.00 billion. Intel reported sales of $14.80 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The firm is expected to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that Intel will report full year sales of $15.01 billion for the current financial year, with estimates ranging from $63.56 billion to $65.23 billion. For the next financial year, analysts forecast that the company will report sales of $66.96 billion per share, with estimates ranging from $61.71 billion to $70.50 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Intel.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis.
In other Intel news, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $75,371.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock worth $41,387,752 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the period. Capital World Investors grew its stake in Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares during the last quarter. Capital Research Global Investors grew its stake in Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Intel by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after buying an additional 397,082 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Intel by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after buying an additional 502,225 shares during the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.
Shares of Intel (NASDAQ:INTC) traded down $0.36 during trading on Wednesday, reaching $45.56. The company had a trading volume of 21,472,200 shares, compared to its average volume of 38,500,000. Intel has a 52 week low of $33.23 and a 52 week high of $50.85. The company has a market capitalization of $211,550.00, a price-to-earnings ratio of 14.56, a PEG ratio of 1.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 38.34%.
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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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