Intel (INTC) Scheduled to Post Quarterly Earnings on Thursday

Intel (NASDAQ:INTC) will be announcing its earnings results 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 announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the business posted $0.10 EPS. Intel’s quarterly revenue 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 Performance

NASDAQ:INTC opened at $34.28 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $144.94 billion, a PE ratio of 87.90, a PEG ratio of 3.07 and a beta of 1.00. The firm’s fifty day simple moving average is $41.48 and its 200 day simple moving average is $42.36. Intel has a 1 year low of $26.85 and a 1 year high of $51.28.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is currently 128.21%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Bank of America reduced their price objective on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Wedbush reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Intel in a research report on Wednesday, April 17th. Finally, Mizuho reduced their price target on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.38.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction that occurred on 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 purchase, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the purchase, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

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.