Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss
April 14, 2016 at 11:07 AM EDT
[at TheStreet] – Intel (INTC) stock is down this morning after Pacific Crest warned that the company will likely miss first quarter earnings estimates and reduce its full-year guidance. Read more on this. Intel Corporation (INTC) , with a current market cap of $150.01B, opened at $31.78. Today’s price range has been between $31.55 and $31.88 per share with a trailing 52-week range being $24.87 to $35.59. Priced at 13.50x this year’s forecasted earnings, INTC shares are relatively expensive compared to the industry’s 5.81x forward p/e ratio. The company pays shareholders $1.04 per share annually in dividends, yielding 3.29%. According to a consensus of 28 analysts, the earnings estimate of $0.48 per share would be $0.07 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.38 is a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.89 Billion. If reported, that would be a 8.69% increase over the year-ago quarter. More recently, Brean Capital Initiated INTC at Buy (Apr 7, 2016). Previously, Exane BNP Paribas downgraded INTC from Outperform to Neutral. The average price target for INTC shares is $35.83, which is 12.74% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points Stock Update: Intel Corporation (NASDAQ:INTC) – Microsoft, Intel: Pac Crest Sees Biggest-Ever Quarterly Notebook PC Drop Company Update: Intel Corporation (NASDAQ:INTC) – Why Does Intel Expect a Slow Start to 2016?