Brokers Set Expectations for Intel Corporation’s FY2017 Earnings (NASDAQ:INTC)

Intel Corporation (NASDAQ:INTC) – Analysts at SunTrust Banks boosted their FY2017 EPS estimates for shares of Intel Corporation in a research report issued to clients and investors on Friday. SunTrust Banks analyst W. Stein now forecasts that the chip maker will post earnings of $3.00 per share for the year, up from their previous forecast of $2.87. SunTrust Banks also issued estimates for Intel Corporation’s Q4 2017 earnings at $0.82 EPS, Q1 2018 earnings at $0.72 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.81 EPS and FY2018 earnings at $3.09 EPS.

A number of other analysts have also issued reports on INTC. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Intel Corporation in a report on Thursday, April 6th. Wells Fargo & Company reissued an “outperform” rating and set a $45.00 price objective on shares of Intel Corporation in a report on Thursday, April 6th. Canaccord Genuity reissued a “hold” rating and set a $38.00 price objective on shares of Intel Corporation in a report on Thursday, April 6th. Vetr raised Intel Corporation from a “hold” rating to a “buy” rating and set a $37.50 price objective on the stock in a report on Monday, April 10th. Finally, Mizuho reissued a “buy” rating and set a $42.00 price objective on shares of Intel Corporation in a report on Tuesday, April 11th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Intel Corporation currently has an average rating of “Hold” and an average price target of $40.55.

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Intel Corporation (NASDAQ:INTC) remained flat at $36.35 during trading on Monday. The company’s stock had a trading volume of 13,263,225 shares. The stock has a 50 day moving average price of $34.56 and a 200-day moving average price of $35.72. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $38.45. The company has a market cap of $170.81 billion, a price-to-earnings ratio of 13.87 and a beta of 1.01.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share.

Several large investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. purchased a new stake in Intel Corporation during the fourth quarter valued at $198,000. Janus Capital Management LLC increased its stake in Intel Corporation by 38.0% in the fourth quarter. Janus Capital Management LLC now owns 5,192,422 shares of the chip maker’s stock valued at $188,329,000 after buying an additional 1,429,533 shares during the period. Cheviot Value Management LLC purchased a new stake in Intel Corporation during the fourth quarter valued at $543,000. Glassman Wealth Services increased its stake in Intel Corporation by 2.3% in the fourth quarter. Glassman Wealth Services now owns 17,849 shares of the chip maker’s stock valued at $647,000 after buying an additional 402 shares during the period. Finally, Moloney Securities Asset Management LLC purchased a new stake in Intel Corporation during the fourth quarter valued at $769,000. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

In other Intel Corporation news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at approximately $18,015,592.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert Holmes Swan bought 13,888 shares of Intel Corporation stock in a transaction on Monday, June 5th. The stock was acquired at an average cost of $36.31 per share, for a total transaction of $504,273.28. Following the acquisition, the chief financial officer now owns 8,774 shares in the company, valued at approximately $318,583.94. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 76,501 shares of company stock worth $2,581,891. Company insiders own 0.09% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, August 3rd. Intel Corporation’s dividend payout ratio is presently 41.76%.

Intel Corporation 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).

Earnings History and Estimates for Intel Corporation (NASDAQ:INTC)

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