HP (NYSE:HPQ) will be issuing its quarterly earnings data after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The company had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.36 billion. During the same period last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts expect HP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
HP (NYSE:HPQ) opened at $21.39 on Wednesday. HP has a 1-year low of $15.72 and a 1-year high of $24.10. The company has a debt-to-equity ratio of -1.98, a current ratio of 1.00 and a quick ratio of 0.74. The stock has a market cap of $35,190.00, a PE ratio of 14.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.76.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be issued a $0.1393 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.60%. HP’s dividend payout ratio (DPR) is presently 37.84%.
HPQ has been the subject of a number of research analyst reports. Maxim Group reaffirmed a “hold” rating and issued a $25.00 target price on shares of HP in a report on Friday, October 27th. Morgan Stanley reaffirmed a “hold” rating and issued a $14.00 target price on shares of HP in a report on Wednesday, November 22nd. Mizuho cut shares of HP from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a report on Thursday, February 1st. They noted that the move was a valuation call. Loop Capital reaffirmed a “buy” rating and issued a $28.00 target price on shares of HP in a report on Monday, January 22nd. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $25.00 target price on shares of HP in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.83.
In other HP news, insider Kim M. Rivera sold 14,635 shares of HP stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $21.08, for a total value of $308,505.80. Following the completion of the sale, the insider now directly owns 79,553 shares of the company’s stock, valued at approximately $1,676,977.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Enrique Lores sold 302,893 shares of HP stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $23.31, for a total transaction of $7,060,435.83. Following the completion of the sale, the insider now directly owns 88,901 shares of the company’s stock, valued at $2,072,282.31. The disclosure for this sale can be found here. Insiders sold a total of 902,988 shares of company stock valued at $19,938,441 over the last ninety days. 0.62% of the stock is owned by corporate insiders.
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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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