Intel (NASDAQ:INTC) Issues Q2 2021 Earnings Guidance

Intel (NASDAQ:INTC) updated its second quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of 1.050-1.050 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.090. The company issued revenue guidance of $17.80 billion-$17.80 billion, compared to the consensus revenue estimate of $17.55 billion.Intel also updated its FY 2021 guidance to 4.600-4.600 EPS.

A number of equities analysts have commented on the stock. The Goldman Sachs Group reissued a sell rating and issued a $59.00 price target on shares of Intel in a research note on Friday, April 23rd. Loop Capital increased their target price on Intel from $50.00 to $55.00 and gave the company a sell rating in a research note on Tuesday, March 30th. Wells Fargo & Company lifted their price target on Intel from $60.00 to $70.00 and gave the stock an equal weight rating in a research note on Tuesday, March 30th. Credit Suisse Group set a $80.00 price objective on Intel and gave the company a buy rating in a research report on Wednesday, April 21st. Finally, Rosenblatt Securities restated a sell rating and issued a $40.00 target price on shares of Intel in a research report on Tuesday, January 19th. Twelve investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $63.59.

Shares of NASDAQ:INTC traded down $0.84 during midday trading on Tuesday, reaching $56.42. 1,035,658 shares of the company’s stock traded hands, compared to its average volume of 35,212,270. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.24 and a current ratio of 1.66. Intel has a one year low of $43.61 and a one year high of $68.49. The company has a market cap of $227.82 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.63 and a beta of 0.74. The stock has a 50 day moving average of $63.41 and a 200 day moving average of $55.51.

Intel (NASDAQ:INTC) last posted its earnings results on Wednesday, April 21st. The chip maker reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.24. Intel had a net margin of 28.10% and a return on equity of 29.44%. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $17.97 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts predict that Intel will post 4.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be given a dividend of $0.3475 per share. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $1.39 dividend on an annualized basis and a yield of 2.46%. Intel’s dividend payout ratio (DPR) is 28.54%.

A hedge fund recently bought a new stake in Intel stock. OLD Mission Capital LLC purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,045 shares of the chip maker’s stock, valued at approximately $727,000. 63.25% of the stock is owned by institutional investors.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Earnings History and Estimates for Intel (NASDAQ:INTC)

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