Intel Co. to Post Q2 2018 Earnings of $0.79 Per Share, Jefferies Group Forecasts (INTC)

Intel Co. (NASDAQ:INTC) – Stock analysts at Jefferies Group raised their Q2 2018 EPS estimates for Intel in a research note issued on Friday, according to Zacks Investment Research. Jefferies Group analyst M. Lipacis now forecasts that the chip maker will earn $0.79 per share for the quarter, up from their prior forecast of $0.75. Jefferies Group also issued estimates for Intel’s Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.96 EPS, FY2018 earnings at $3.38 EPS, Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $0.80 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $3.31 EPS.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS.

Several other research analysts have also commented on the company. Stifel Nicolaus lifted their target price on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Barclays reiterated a “buy” rating and issued a $55.00 target price on shares of Intel in a research report on Monday, November 13th. Goldman Sachs Group set a $43.00 price objective on Intel and gave the company a “neutral” rating in a research report on Tuesday, December 12th. BidaskClub lowered Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Instinet boosted their price objective on Intel to $50.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. Intel has a consensus rating of “Buy” and an average price target of $49.33.

Intel (NASDAQ INTC) opened at $45.38 on Monday. The company has a market capitalization of $212,380.00, a P/E ratio of 22.92, a PEG ratio of 1.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. Intel has a 12-month low of $33.23 and a 12-month high of $50.85.

Several hedge funds have recently modified their holdings of the company. Goodman Financial Corp purchased a new position in Intel in the fourth quarter valued at about $102,000. Virtue Capital Management LLC purchased a new position in Intel in the fourth quarter valued at about $109,000. Financial Engines Advisors L.L.C. purchased a new position in Intel in the third quarter valued at about $119,000. Acrospire Investment Management LLC grew its stake in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Delphi Private Advisors LLC grew its stake in Intel by 286.1% in the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after purchasing an additional 2,157 shares in the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.

In other news, insider Venkata S. M. Renduchintala sold 17,946 shares of Intel 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 owns 1,536 shares in the company, valued at $75,371.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction on Wednesday, November 29th. The shares were 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 932,755 shares of company stock worth $41,387,752 over the last ninety days. 0.08% of the stock is owned by insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. Intel’s payout ratio is 60.61%.

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Intel Company Profile

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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Earnings History and Estimates for Intel (NASDAQ:INTC)

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