HP Inc. (HPQ) Expected to Announce Earnings of $0.44 Per Share
Wall Street brokerages expect HP Inc. (NYSE:HPQ) to report earnings per share of $0.44 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for HP’s earnings. HP posted earnings of $0.36 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.2%. The business is expected to report its next earnings results on Tuesday, November 28th.
On average, analysts expect that HP will report full-year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.64 to $1.65. For the next financial year, analysts forecast that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.70 to $1.76. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for HP.
HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share.
A number of analysts have issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target (up from $19.00) on shares of HP in a report on Tuesday. Deutsche Bank AG reiterated a “buy” rating on shares of HP in a report on Thursday, August 24th. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $20.00 price target on shares of HP in a report on Friday, August 25th. FBN Securities reiterated an “outperform” rating and issued a $25.00 price target (up from $23.00) on shares of HP in a report on Thursday, August 24th. Finally, Mizuho reiterated a “buy” rating and issued a $21.00 price target on shares of HP in a report on Thursday, August 24th. Ten research 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’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.57.
Shares of HP (HPQ) traded down 0.83% during midday trading on Friday, reaching $19.12. The company had a trading volume of 6,496,651 shares. HP has a one year low of $13.77 and a one year high of $19.78. The firm has a market capitalization of $32.14 billion, a P/E ratio of 13.90 and a beta of 1.93. The company has a 50 day moving average price of $19.13 and a 200-day moving average price of $18.31.
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 $0.1327 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.78%. HP’s dividend payout ratio (DPR) is 38.41%.
In other news, insider Marie Myers sold 12,119 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $18.07, for a total value of $218,990.33. Following the completion of the sale, the insider now owns 5,621 shares in the company, valued at approximately $101,571.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Margaret C. Whitman sold 73,992 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $17.72, for a total transaction of $1,311,138.24. Following the completion of the sale, the director now owns 544,881 shares of the company’s stock, valued at approximately $9,655,291.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,725,567 shares of company stock valued at $32,210,686. Company insiders own 0.62% of the company’s stock.
Large investors have recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in shares of HP in the 1st quarter valued at about $833,000. ZWJ Investment Counsel Inc. bought a new stake in shares of HP in the 1st quarter valued at about $443,000. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of HP by 106.5% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 1,462,303 shares of the computer maker’s stock valued at $26,145,000 after purchasing an additional 754,019 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of HP by 2.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 256,080 shares of the computer maker’s stock valued at $4,476,000 after purchasing an additional 6,074 shares in the last quarter. Finally, American Beacon Advisors Inc. bought a new stake in shares of HP in the 1st quarter valued at about $112,000. Institutional investors and hedge funds own 78.53% of the company’s stock.
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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.
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