HP Inc. (HPQ) Issues Earnings Results
HP Inc. (NYSE:HPQ) issued its quarterly earnings data on Tuesday. The computer maker reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44, Bloomberg Earnings reports. The firm had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.36 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. HP updated its Q1 guidance to $0.40-0.43 EPS and its FY18 guidance to $1.75-1.85 EPS.
Shares of HP (NYSE:HPQ) traded up $0.37 during trading hours on Tuesday, reaching $22.12. 11,867,700 shares of the company were exchanged, compared to its average volume of 10,854,853. The company has a market capitalization of $37,660.00, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 3.22 and a beta of 1.84. HP has a 52 week low of $14.40 and a 52 week high of $22.31. The company has a quick ratio of 0.74, a current ratio of 0.97 and a debt-to-equity ratio of -1.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a $0.1393 dividend. This is an increase from HP’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.52%. HP’s payout ratio is 38.13%.
Several analysts have recently issued reports on HPQ shares. Guggenheim reissued a “neutral” rating on shares of HP in a report on Monday, October 2nd. Morgan Stanley raised their price objective on HP from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price objective on shares of HP in a research note on Sunday, October 8th. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $20.00 price objective on shares of HP in a research note on Friday, August 25th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of HP in a research 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 assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.57.
In other news, insider Enrique Lores sold 40,965 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $21.50, for a total transaction of $880,747.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dion J. Weisler sold 95,521 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $19.97, for a total value of $1,907,554.37. Following the transaction, the chief executive officer now directly owns 435,018 shares in the company, valued at $8,687,309.46. The disclosure for this sale can be found here. Insiders sold 1,853,937 shares of company stock valued at $37,905,548 in the last three months. 0.62% of the stock is currently owned by 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.
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