HP (NYSE:HPQ) will be issuing its quarterly earnings data after the market closes on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, February 27th. The computer maker reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. HP had a negative return on equity of 216.97% and a net margin of 7.15%. The business had revenue of $14.71 billion for the quarter, compared to analysts’ expectations of $14.81 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts expect HP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
HPQ opened at $18.73 on Thursday. HP has a 1-year low of $18.06 and a 1-year high of $27.08. The firm has a market capitalization of $28.72 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 3.02 and a beta of 1.38.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be paid a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.42%. HP’s dividend payout ratio (DPR) is presently 31.68%.
HPQ has been the topic of a number of research analyst reports. ValuEngine cut HP from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Zacks Investment Research upgraded HP from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. BMO Capital Markets dropped their price target on HP from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. Bank of America cut HP from a “buy” rating to an “underperform” rating and set a $19.00 price target on the stock. in a research note on Thursday, February 28th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of HP in a research note on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.71.
In other HP news, CEO Dion J. Weisler sold 36,799 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.00, for a total transaction of $735,980.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by company insiders.
HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
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