Wall Street brokerages predict that Intel Co. (NASDAQ:INTC) will announce $16.01 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Intel’s earnings. The highest sales estimate is $16.05 billion and the lowest is $16.00 billion. Intel posted sales of $16.07 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 0.4%. The firm is scheduled to report its next earnings report after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that Intel will report full-year sales of $70.77 billion for the current fiscal year, with estimates ranging from $68.09 billion to $71.55 billion. For the next year, analysts anticipate that the firm will report sales of $73.28 billion, with estimates ranging from $69.81 billion to $75.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Intel.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. The business had revenue of $18.66 billion for the quarter, compared to the consensus estimate of $19.02 billion. Intel had a net margin of 29.72% and a return on equity of 30.08%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS.

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $55.00 target price on shares of Intel in a research report on Wednesday, January 23rd. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Morgan Stanley raised shares of Intel from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $55.00 to $64.00 in a research report on Friday, February 22nd. Citigroup upped their target price on shares of Intel from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, January 11th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $58.00 target price on shares of Intel in a research report on Monday, January 28th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $55.40.

Shares of NASDAQ:INTC traded down $0.07 during midday trading on Monday, reaching $58.49. The company’s stock had a trading volume of 20,464,197 shares, compared to its average volume of 22,936,287. The company has a market capitalization of $273.63 billion, a PE ratio of 12.77, a P/E/G ratio of 1.48 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. Intel has a 12-month low of $42.36 and a 12-month high of $59.59.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is currently 27.51%.

In other Intel news, EVP Navin Shenoy sold 1,518 shares of the company’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $46.11, for a total transaction of $69,994.98. Following the transaction, the executive vice president now owns 52,419 shares in the company, valued at approximately $2,417,040.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the transaction, the executive vice president now owns 48,140 shares in the company, valued at approximately $2,647,700. The disclosure for this sale can be found here. Insiders have sold a total of 65,431 shares of company stock worth $3,500,497 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Tributary Capital Management LLC bought a new position in shares of Intel in the 4th quarter worth approximately $28,000. Stone House Investment Management LLC bought a new position in shares of Intel in the 1st quarter worth approximately $32,000. Next Capital Management LLC bought a new position in shares of Intel in the 4th quarter worth approximately $46,000. Virtus ETF Advisers LLC bought a new position in shares of Intel in the 4th quarter worth approximately $48,000. Finally, Guidant Wealth Advisors lifted its stake in shares of Intel by 234.9% in the 1st quarter. Guidant Wealth Advisors now owns 921 shares of the chip maker’s stock worth $49,000 after purchasing an additional 646 shares during the period. Institutional investors and hedge funds own 64.69% of the company’s stock.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Earnings History and Estimates for Intel (NASDAQ:INTC)

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