Intel (NASDAQ:INTC – Get Free Report) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.03) for the period, compared to the consensus earnings per share estimate of $0.31. The company issued revenue guidance of $12.5-$13.5 billion, compared to the consensus revenue estimate of $14.43 billion. Intel also updated its Q3 2024 guidance to -0.030–0.030 EPS.
Intel Stock Performance
NASDAQ INTC traded down $7.57 on Friday, reaching $21.48. 300,895,920 shares of the stock were exchanged, compared to its average volume of 60,137,096. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel has a one year low of $20.42 and a one year high of $51.28. The firm has a market capitalization of $91.44 billion, a PE ratio of 22.38, a PEG ratio of 17.38 and a beta of 1.05. The company’s 50-day simple moving average is $31.35 and its two-hundred day simple moving average is $36.77.
Intel Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is 52.08%.
Analysts Set New Price Targets
View Our Latest Research Report on INTC
About Intel
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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