HP Inc. (NYSE:HPQ) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.75-1.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.79. HP also updated its Q1 guidance to $0.40-0.43 EPS.

A number of research firms recently commented on HPQ. BidaskClub downgraded shares of HP from a strong-buy rating to a buy rating in a research report on Tuesday, August 1st. Wells Fargo & Company began coverage on shares of HP in a research report on Tuesday, November 14th. They issued a market perform rating and a $21.00 target price on the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $14.00 target price on shares of HP in a research report on Thursday, August 24th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a $19.50 target price on shares of HP in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $22.00 target price on shares of HP in a research report on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $21.57.

Shares of HP Inc. (NYSE:HPQ) traded up $0.37 during midday trading on Tuesday, hitting $22.12. 11,867,700 shares of the company traded hands, compared to its average volume of 10,854,853. The company has a debt-to-equity ratio of -1.55, a current ratio of 0.97 and a quick ratio of 0.74. HP Inc. has a 12-month low of $14.40 and a 12-month high of $22.31. The firm has a market capitalization of $37,660.00, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.22 and a beta of 1.84.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The firm had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.36 billion. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. research analysts forecast that HP Inc. will post 1.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.1393 per share. 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%. This is a boost from HP’s previous quarterly dividend of $0.13. HP’s payout ratio is presently 38.13%.

In other news, insider Kim M. Rivera sold 41,761 shares of HP stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $21.28, for a total transaction of $888,674.08. Following the completion of the sale, the insider now directly owns 84,799 shares in the company, valued at $1,804,522.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marie Myers sold 11,752 shares of HP stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $19.25, for a total transaction of $226,226.00. Following the sale, the insider now owns 11,752 shares of the company’s stock, valued at $226,226. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,853,937 shares of company stock valued at $37,905,548. 0.62% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/21/hp-inc-hpq-updates-fy18-earnings-guidance-2.html.

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)

Receive News & Ratings for HP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP Inc. and related companies with MarketBeat.com's FREE daily email newsletter.