HP Inc. (NYSE:HPQ) is scheduled to release its earnings data after the market closes on Wednesday, August 23rd. Analysts expect HP to post earnings of $0.42 per share for the quarter. HP has set its Q3 guidance at $0.40-0.43 EPS and its FY17 guidance at $1.59-1.66 EPS.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 24th. The computer maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The firm had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.93 billion. During the same period in the prior year, the firm earned $0.41 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, analysts expect HP to post $1.64 EPS for the current fiscal year and $1.73 EPS for the next fiscal year.

Shares of HP Inc. (NYSE:HPQ) opened at 19.04 on Wednesday. The company has a market capitalization of $32.05 billion, a P/E ratio of 13.47 and a beta of 1.90. HP Inc. has a one year low of $13.55 and a one year high of $19.58. The firm has a 50-day moving average of $18.60 and a 200-day moving average of $17.92.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.1327 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a yield of 2.79%. HP’s dividend payout ratio (DPR) is 37.32%.

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A number of equities analysts have commented on the stock. UBS AG reaffirmed a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of HP in a research report on Thursday, May 25th. Bank of America Corporation lifted their price objective on shares of HP from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Royal Bank Of Canada raised shares of HP from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $21.00 to $22.00 in a research report on Thursday, July 20th. Jefferies Group LLC lifted their price objective on shares of HP from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Finally, Citigroup Inc. set a $20.00 price objective on shares of HP and gave the stock a “buy” rating in a research report on Thursday, May 25th. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. HP presently has a consensus rating of “Buy” and a consensus target price of $19.89.

In related news, Director Margaret C. Whitman sold 73,992 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $17.70, for a total value of $1,309,658.40. Following the sale, the director now directly owns 544,881 shares in the company, valued at $9,644,393.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jon E. Flaxman sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $18.26, for a total value of $639,100.00. Following the completion of the sale, the chief operating officer now owns 62,203 shares in the company, valued at $1,135,826.78. The disclosure for this sale can be found here. Insiders sold 1,748,815 shares of company stock worth $32,623,560 over the last quarter. 0.62% of the stock is currently owned by company insiders.

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 for HP (NYSE:HPQ)

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