Intel (INTC) to Release Earnings on Thursday

Intel (NASDAQ:INTC) will post its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Intel to post earnings of $0.10 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Intel Stock Performance

Intel stock opened at $30.13 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $128.26 billion, a P/E ratio of 31.39, a PEG ratio of 18.76 and a beta of 1.05. The stock’s 50 day moving average is $31.57 and its 200 day moving average is $37.12. Intel has a twelve month low of $29.73 and a twelve month high of $51.28.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company cut their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Roth Mkm cut their price target on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Wedbush cut their price target on Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. Benchmark reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, Citigroup lowered their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.65.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.