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Market Update (NASDAQ:INTC): Intel flew 100 drones at night to show how they could someday replace fireworks

[Business Insider] – Intel just shared a video showing 100 dancing drones lighting up the sky in Palm Springs… Read more on this. Intel Corporation (INTC) , with a current market cap of $140.81B, started trading this morning at $30.17. Looking at today’s market, INTC one day range is $29.70 to $30.21 with a one year range of $24.87 to $35.59. INTC shares are currently priced at 12.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.03x earnings multiple for the same period. And for income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.43%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $0.53 per share, which would be $0.02 worse than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.42, which would be a $0.09 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.53 Billion. If reported, that would be a 2.50% increase over the year-ago quarter. More recently, Northland Capital downgraded INTC from Outperform to Market Perform (Apr 20, 2016). Previously, Brean Capital Initiated INTC at to Buy. The average price target for INTC shares by the analysts covering it is $35.41, which is 17.37% above where the stock opened. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – If Intel wins a tax fight with the IRS, all of Google’s 2015 taxes could be returned Stock Update (NASDAQ:INTC): Intel, AT&T Set Alliance For High-Altitude Drones Market Update: Intel Corporation (NASDAQ:INTC) – Intel sees its future in sensors, drones, wearables
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