Intel (INTC) Set to Announce Quarterly Earnings on Thursday

Intel (NASDAQ:INTC) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Intel has set its Q1 guidance at $0.13 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts expect Intel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Intel Stock Up 0.6 %

INTC stock opened at $34.41 on Tuesday. Intel has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The firm has a market cap of $145.49 billion, a PE ratio of 88.23, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. The business has a 50 day moving average of $41.66 and a 200 day moving average of $42.37.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several recent analyst reports. Mizuho cut their target price on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Susquehanna cut their target price on Intel from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Evercore ISI initiated coverage on Intel in a research note on Tuesday, April 16th. They set an “in-line” rating and a $40.00 target price on the stock. UBS Group increased their target price on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Finally, Citigroup cut their target price on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.62.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.