Wall Street analysts expect HP Inc (NYSE:HPQ) to report sales of $13.38 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for HP’s earnings, with estimates ranging from $13.13 billion to $13.76 billion. HP posted sales of $12.68 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The company is scheduled to report its next earnings report on Wednesday, February 28th.

On average, analysts expect that HP will report full year sales of $13.38 billion for the current fiscal year, with estimates ranging from $53.50 billion to $54.29 billion. For the next financial year, analysts anticipate that the firm will post sales of $54.30 billion per share, with estimates ranging from $53.70 billion to $54.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow HP.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year.

A number of research firms have commented on HPQ. Zacks Investment Research cut HP from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Loop Capital reaffirmed a “buy” rating and set a $25.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Morgan Stanley reaffirmed a “hold” rating and set a $14.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Royal Bank of Canada reaffirmed a “hold” rating on shares of HP in a research report on Wednesday, November 22nd. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $25.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Twelve investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.31.

In other news, insider Dion J. Weisler sold 731,502 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $19.97, for a total transaction of $14,608,094.94. Following the completion of the sale, the insider now owns 435,018 shares in the company, valued at $8,687,309.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dion J. Weisler sold 95,521 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $19.97, for a total transaction of $1,907,554.37. Following the sale, the chief executive officer now owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,153,788 shares of company stock worth $44,328,625. Corporate insiders own 0.62% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of HP by 1.6% during the second quarter. Vanguard Group Inc. now owns 123,633,569 shares of the computer maker’s stock worth $2,161,114,000 after buying an additional 1,945,965 shares during the period. BlackRock Inc. boosted its stake in shares of HP by 2.5% during the second quarter. BlackRock Inc. now owns 108,599,783 shares of the computer maker’s stock worth $1,898,325,000 after buying an additional 2,608,983 shares during the period. Boston Partners boosted its stake in shares of HP by 45.9% during the third quarter. Boston Partners now owns 38,111,672 shares of the computer maker’s stock worth $760,709,000 after buying an additional 11,994,111 shares during the period. Wells Fargo & Company MN boosted its stake in shares of HP by 9.8% during the third quarter. Wells Fargo & Company MN now owns 15,902,375 shares of the computer maker’s stock worth $317,411,000 after buying an additional 1,415,318 shares during the period. Finally, Capital International Investors boosted its stake in shares of HP by 4.5% during the third quarter. Capital International Investors now owns 15,501,200 shares of the computer maker’s stock worth $309,404,000 after buying an additional 672,800 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.

HP (NYSE:HPQ) opened at $20.85 on Thursday. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00. HP has a 52 week low of $14.40 and a 52 week high of $22.68. The company has a market capitalization of $35,058.63, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.81.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.1393 per share. This is a positive change 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 annualized dividend and a dividend yield of 2.67%. HP’s dividend payout ratio (DPR) is presently 35.57%.

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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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Earnings History and Estimates for HP (NYSE:HPQ)

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