Hewlett-Packard Company Plans Quarterly Dividend of $0.16 (HPQ)
Hewlett-Packard Company (NYSE:HPQ) announced a quarterly dividend on Thursday, July 17th, AnalystRatingsNetwork.com reports. Stockholders of record on Wednesday, September 10th will be paid a dividend of 0.16 per share on Wednesday, October 1st. This represents a $0.64 annualized dividend and a dividend yield of 1.84%.
A number of research firms have recently commented on HPQ. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Hewlett-Packard Company in a research note on Tuesday, July 8th. On the ratings front, analysts at Mizuho raised their price target on shares of Hewlett-Packard Company from $30.00 to $35.00 in a research note on Thursday, June 12th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of Hewlett-Packard Company from a “sell” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $32.00 price target on the stock, up previously from $25.00. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.73.
Shares of Hewlett-Packard Company (NYSE:HPQ) opened at 34.82 on Thursday. Hewlett-Packard Company has a 1-year low of $20.25 and a 1-year high of $35.20. The stock’s 50-day moving average is $33.94 and its 200-day moving average is $31.54. The company has a market cap of $65.160 billion and a P/E ratio of 12.02.
Hewlett-Packard Company (NYSE:HPQ) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.88 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.88. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $27.41 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that Hewlett-Packard Company will post $3.71 earnings per share for the current fiscal year.
Hewlett-Packard Company (NYSE:HPQ) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the Government, health and education sectors.
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