Market Update: Intel Corporation (NASDAQ:INTC) – Depressing PC market could weigh on Intel earnings

[at MarketWatch] – Intel is expected to report quarterly earnings on Tuesday, after the stock market closes. Read more on this. Intel Corporation (INTC) , valued at $149.26B, opened this morning at $31.70. A quick look at the market, the company’s stock traded between $31.40 and $31.81 and has traded between $24.87 and $35.59 over the past 12 months. INTC shares are currently priced at 13.41x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.92x earnings multiple for the same period. The company pays shareholders $1.04 per share annually in dividends, yielding 3.31%. According to a consensus of 29 analysts, the earnings estimate of $0.47 per share would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.36, which would be a $0.03 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.83 Billion. If realized, that would be a 8.22% 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 $35.89, which is 13.22% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss Company Update: Intel Corporation (NASDAQ:INTC) – Stressed Out: What’s Bad for Intel Could Be Killer for AMD; Analysts Weigh in Market Update: Intel Corporation (NASDAQ:INTC) – Evolving Intel Tries for Third Quarter of Street-Beating Earnings