HP Inc. (NYSE:HPQ) – Analysts at Jefferies Group raised their Q2 2018 earnings per share estimates for HP in a research report issued on Tuesday. Jefferies Group analyst J. Kisner now expects that the computer maker will earn $0.42 per share for the quarter, up from their prior forecast of $0.41. Jefferies Group has a “Hold” rating and a $18.75 price objective on the stock. Jefferies Group also issued estimates for HP’s Q1 2019 earnings at $0.43 EPS.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The company had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.93 billion. During the same quarter in the prior year, the business posted $0.41 EPS. HP’s quarterly revenue was up 7.0% on a year-over-year basis.

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A number of other analysts have also commented on the stock. Royal Bank Of Canada raised shares of HP from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $21.00 to $22.00 in a research report on Thursday. Susquehanna Bancshares Inc began coverage on shares of HP in a research report on Thursday, July 13th. They issued a “neutral” rating and a $20.00 price objective on the stock. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, July 12th. Mizuho raised shares of HP from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research report on Monday, July 10th. Finally, ValuEngine raised shares of HP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Ten investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.89.

Shares of HP (NYSE HPQ) traded up 1.44% on Thursday, hitting $18.97. 4,831,626 shares of the stock traded hands. The firm has a market capitalization of $31.93 billion, a PE ratio of 13.42 and a beta of 1.89. The firm’s 50 day moving average is $17.97 and its 200 day moving average is $17.34. HP has a 52 week low of $13.55 and a 52 week high of $19.58.

A number of large investors have recently bought and sold shares of the company. BB&T Corp boosted its stake in HP by 9.7% in the second quarter. BB&T Corp now owns 26,724 shares of the computer maker’s stock valued at $467,000 after buying an additional 2,359 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in HP during the second quarter valued at $2,501,000. Whittier Trust Co. of Nevada Inc. boosted its stake in HP by 15.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,443 shares of the computer maker’s stock valued at $130,000 after buying an additional 996 shares in the last quarter. US Bancorp DE boosted its stake in HP by 10.7% in the second quarter. US Bancorp DE now owns 526,648 shares of the computer maker’s stock valued at $9,206,000 after buying an additional 50,874 shares in the last quarter. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO boosted its stake in HP by 304.7% in the second quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 106,021 shares of the computer maker’s stock valued at $1,853,000 after buying an additional 79,821 shares in the last quarter. 79.49% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Catherine A. Lesjak sold 67,997 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $19.00, for a total transaction of $1,291,943.00. Following the completion of the sale, the chief financial officer now owns 67,997 shares of the company’s stock, valued at $1,291,943. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret C. Whitman sold 295,952 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $18.02, for a total transaction of $5,333,055.04. Following the sale, the director now directly owns 618,865 shares of the company’s stock, valued at approximately $11,151,947.30. The disclosure for this sale can be found here. Insiders have sold 917,383 shares of company stock valued at $16,603,892 in the last ninety days. 0.62% of the stock is currently owned by company insiders.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th were given a dividend of $0.1327 per share. The ex-dividend date of this dividend was Monday, June 12th. This represents a $0.53 annualized dividend and a yield of 2.84%. HP’s dividend payout ratio is 37.32%.

HP Company Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Earnings History and Estimates for HP (NYSE:HPQ)

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