Hewlett-Packard Company (HPQ) Posts Quarterly Results
Hewlett-Packard Company (NYSE:HPQ) posted its quarterly earnings results on Wednesday. The company reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89, Analyst Ratings Net reports. The company had revenue of $27.59 billion for the quarter, compared to the consensus estimate of $27.00 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Hewlett-Packard Company updated its Q4 guidance to $1.03-1.07 EPS.
Hewlett-Packard Company (NYSE:HPQ) traded down 1.01% during mid-day trading on Wednesday, hitting $35.12. The stock had a trading volume of 18,357,280 shares. Hewlett-Packard Company has a 52 week low of $20.25 and a 52 week high of $36.21. The stock’s 50-day moving average is $34.80 and its 200-day moving average is $32.63. The company has a market cap of $65.722 billion and a P/E ratio of 12.49. Hewlett-Packard Company also was the recipient of unusually large options trading on Monday. Stock investors purchased 9,511 put options on the stock. This is an increase of 122% compared to the average volume of 4,289 put options.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, September 8th.
A number of research firms have recently commented on HPQ. Analysts at S&P Equity Research initiated coverage on shares of Hewlett-Packard Company in a research note on Monday. They set a “hold” rating and a $2.62 price target on the stock. On a related note, analysts at Monness Crespi & Hardt upgraded shares of Hewlett-Packard Company from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $40.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hewlett-Packard Company in a research note on Friday, July 18th. They now have a $36.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Hewlett-Packard Company has a consensus rating of “Buy” and a consensus price target of $31.87.
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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