HP (NYSE:HPQ – Get Free Report) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.190-3.290 for the period, compared to the consensus estimate of 3.020. The company issued revenue guidance of -. HP also updated its Q4 2026 guidance to 0.690-0.790 EPS.
Analysts Set New Price Targets
HPQ has been the subject of a number of research analyst reports. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. raised their target price on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Citigroup lifted their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. UBS Group increased their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley dropped their target price on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $24.17.
HP Stock Up 3.7%
HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same period last year, the company earned $0.75 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Research analysts anticipate that HP will post 3.03 earnings per share for the current year.
HP Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. HP’s dividend payout ratio is 44.28%.
Insider Buying and Selling at HP
In related news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the transaction, the insider directly owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock valued at $1,478,622 in the last three months. 0.18% of the stock is currently owned by insiders.
Key HP News
Here are the key news stories impacting HP this week:
- Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while free cash flow rose 7% to $1.57 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
- Positive Sentiment: Management raised fiscal 2026 non-GAAP EPS guidance to $3.19–$3.29, above the roughly $3.02 analyst consensus, and forecast fourth-quarter EPS of $0.69–$0.79 versus expectations of $0.67. Price increases on premium and AI-enabled PCs, along with expected U.S. tariff refunds, are projected to offset higher memory costs. HP forecasts strong fourth-quarter profit
- Positive Sentiment: The Personal Systems segment grew 18% to $11.8 billion, indicating strong PC demand and continued potential from premium and AI-powered devices. HP also returned approximately $574 million to shareholders through buybacks and dividends. HP Q3 Revenue Rises 12.5% to $15.7 Billion
- Neutral Sentiment: HP signed a multi-year Wi-Fi patent cross-licensing agreement with Huawei. The deal may support product development, but its association with a U.S.-blacklisted company could attract regulatory and geopolitical scrutiny. HP partners with Huawei for Wi-Fi licensing
- Negative Sentiment: GAAP net earnings fell to $661 million from $763 million a year earlier, and GAAP EPS declined to $0.71 from $0.80. Q3 non-GAAP EPS also included a favorable $0.11-per-share tariff-refund benefit, raising questions about the durability of the earnings improvement. HP Revenue Rises as Higher Prices Offset Fewer PC Sales
- Negative Sentiment: Printing revenue declined 2% to $3.9 billion, while investors remain concerned that price increases, memory-chip inflation and softer unit sales could pressure future margins. The negative reaction suggests expectations had already priced in much of the earnings beat and guidance increase.
Institutional Trading of HP
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HPQ. DV Equities LLC acquired a new position in shares of HP during the fourth quarter valued at about $29,000. Wilkerson Advisory Group LLC bought a new position in shares of HP in the fourth quarter worth approximately $41,000. JPL Wealth Management LLC bought a new position in HP during the third quarter valued at approximately $43,000. Platinum Investment Management Ltd. purchased a new stake in HP during the 4th quarter valued at about $59,000. Finally, Summit Securities Group LLC boosted its stake in shares of HP by 78.4% during the fourth quarter. Summit Securities Group LLC now owns 2,887 shares of the computer maker’s stock valued at $64,000 after purchasing an additional 1,269 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.
About HP
HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.
Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.
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