HP (NYSE:HPQ) will announce its earnings results after the market closes on Thursday, February 25th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
HP (NYSE:HPQ) last released its earnings results on Monday, November 23rd. The computer maker reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.10. HP had a negative return on equity of 196.27% and a net margin of 5.02%. The company had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $14.55 billion. During the same period in the prior year, the business posted $0.60 EPS. On average, analysts expect HP to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of HPQ opened at $26.28 on Thursday. The business’s fifty day moving average price is $25.54 and its 200 day moving average price is $21.40. HP has a 12-month low of $12.54 and a 12-month high of $27.68. The stock has a market capitalization of $33.89 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 7th. Investors of record on Wednesday, March 10th will be paid a dividend of $0.1938 per share. This represents a $0.78 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, March 9th. HP’s dividend payout ratio (DPR) is presently 34.21%.
Several equities analysts recently issued reports on the company. UBS Group raised their price objective on HP from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 25th. JPMorgan Chase & Co. raised their price objective on HP from $21.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 25th. Morgan Stanley upgraded HP from an “equal weight” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Wednesday, December 16th. Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, December 1st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on HP from $18.50 to $23.50 in a research report on Wednesday, November 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.08.
In other HP news, insider Alex Cho sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $21.00, for a total value of $336,000.00. Following the completion of the sale, the insider now directly owns 43,147 shares of the company’s stock, valued at $906,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Claire Bramley sold 23,374 shares of the business’s stock in a transaction that occurred on Wednesday, December 23rd. The stock was sold at an average price of $24.40, for a total transaction of $570,325.60. The disclosure for this sale can be found here. Insiders sold 433,851 shares of company stock valued at $10,231,559 over the last three months. Insiders own 0.25% of the company’s stock.
HP Company Profile
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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