Intel (NASDAQ:INTC – Get Free Report) issued its quarterly earnings data on Thursday. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08), Briefing.com reports. The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. Intel’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. Intel updated its Q3 guidance to ($0.03) EPS and its Q3 2024 guidance to -0.030–0.030 EPS.
Intel Stock Performance
INTC stock traded down $7.57 during trading on Friday, hitting $21.48. 300,895,920 shares of the company’s stock traded hands, compared to its average volume of 60,137,096. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel has a 52 week low of $20.42 and a 52 week high of $51.28. The stock has a fifty day moving average price of $31.35 and a two-hundred day moving average price of $36.77. The stock has a market capitalization of $91.44 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.
Intel Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.33%. Intel’s dividend payout ratio (DPR) is presently 52.08%.
Analysts Set New Price Targets
Read Our Latest Research Report on INTC
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.
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