Intel Co. (INTC) Expected to Post Quarterly Sales of $16.01 Billion

Equities analysts forecast that Intel Co. (NASDAQ:INTC) will post sales of $16.01 billion for the current quarter, according to Zacks. Eleven analysts have provided estimates for Intel’s earnings, with the lowest sales estimate coming in at $16.00 billion and the highest estimate coming in at $16.05 billion. Intel reported sales of $16.07 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The company is expected to issue its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that Intel will report full year sales of $70.71 billion for the current fiscal year, with estimates ranging from $68.09 billion to $71.55 billion. For the next year, analysts forecast that the firm will report sales of $73.28 billion, with estimates ranging from $69.81 billion to $75.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Intel.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company had revenue of $18.66 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same period in the previous year, the business earned $1.08 EPS. Intel’s quarterly revenue was up 9.4% on a year-over-year basis.

INTC has been the subject of a number of analyst reports. Royal Bank of Canada restated a “neutral” rating and issued a $55.00 price target on shares of Intel in a research report on Wednesday, January 23rd. Nomura restated a “buy” rating and issued a $55.00 price target on shares of Intel in a research report on Wednesday, November 7th. BidaskClub lowered Intel from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Goldman Sachs Group restated a “sell” rating and issued a $44.00 price target on shares of Intel in a research report on Tuesday, January 8th. Finally, Citigroup restated a “buy” rating and issued a $54.00 price target (up from $50.00) on shares of Intel in a research report on Friday, January 11th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eighteen have issued a buy rating to the stock. Intel presently has an average rating of “Hold” and a consensus target price of $53.76.

In related news, EVP Navin Shenoy sold 8,552 shares of the stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $47.93, for a total value of $409,897.36. Following the completion of the transaction, the executive vice president now directly owns 66,871 shares in the company, valued at $3,205,127.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Holmes Swan purchased 5,117 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were purchased at an average price of $48.30 per share, for a total transaction of $247,151.10. Following the completion of the purchase, the chief executive officer now directly owns 131,839 shares of the company’s stock, valued at $6,367,823.70. The disclosure for this purchase can be found here. Insiders sold 18,039 shares of company stock valued at $870,162 over the last quarter. 0.03% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its stake in Intel by 1.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,782,551 shares of the chip maker’s stock worth $83,655,000 after purchasing an additional 20,944 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in Intel during the fourth quarter worth $455,000. Keystone Financial Group lifted its stake in Intel by 11.0% during the fourth quarter. Keystone Financial Group now owns 56,218 shares of the chip maker’s stock worth $2,638,000 after purchasing an additional 5,564 shares in the last quarter. TrinityPoint Wealth LLC acquired a new position in Intel during the fourth quarter worth $699,000. Finally, Greenwich Wealth Management LLC lifted its stake in Intel by 1.5% during the fourth quarter. Greenwich Wealth Management LLC now owns 115,506 shares of the chip maker’s stock worth $5,421,000 after purchasing an additional 1,730 shares in the last quarter. Institutional investors own 66.38% of the company’s stock.

Shares of INTC stock traded down $0.07 during trading hours on Wednesday, reaching $48.77. The company had a trading volume of 17,998,827 shares, compared to its average volume of 28,463,422. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. The firm has a market capitalization of $228.49 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74. Intel has a 12-month low of $42.36 and a 12-month high of $57.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.58%. This is a positive change from Intel’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, February 6th. Intel’s dividend payout ratio is presently 27.51%.

Intel declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 15th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the chip maker to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board 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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