Share on StockTwits

Hewlett-Packard Company (NYSE:HPQ) issued an update on its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.03-1.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.05, American Banking News.com reports.

Shares of Hewlett-Packard Company (NYSE:HPQ) traded down 1.01% on Wednesday, hitting $35.12. The stock had a trading volume of 18,356,980 shares. Hewlett-Packard Company has a one year low of $20.25 and a one year 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 target of unusually large options trading activity on Monday. Traders acquired 9,511 put options on the company. This is an increase of 122% compared to the average daily volume of 4,289 put options.

Hewlett-Packard Company (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. 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. On average, analysts predict that Hewlett-Packard Company will post $3.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, September 8th.

Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.