HP Inc. (NYSE:HPQ) – Analysts at Clsa Americas issued their Q1 2017 earnings estimates for HP in a research note issued to investors on Wednesday. Clsa Americas analyst A. Silver forecasts that the brokerage will earn $0.37 per share for the quarter. Clsa Americas also issued estimates for HP’s Q2 2017 earnings at $0.38 EPS, Q3 2017 earnings at $0.39 EPS, Q4 2017 earnings at $0.42 EPS and FY2017 earnings at $1.57 EPS.

HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 22nd. The computer maker reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. HP had a negative return on equity of 61.38% and a net margin of 5.17%. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $11.89 billion. During the same period last year, the company earned $0.93 earnings per share. HP’s quarterly revenue was up 5.2% compared to the same quarter last year.

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Earnings History and Estimates for HP (NYSE:HPQ)

HPQ has been the subject of several other reports. Vetr downgraded HP from a “strong-buy” rating to a “buy” rating and set a $16.12 target price for the company. in a report on Monday, September 19th. BMO Capital Markets boosted their target price on HP from $13.00 to $16.00 and gave the company a “market perform” rating in a report on Wednesday, November 23rd. Royal Bank Of Canada boosted their target price on HP from $14.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, October 10th. Credit Suisse Group AG reissued a “buy” rating and issued a $19.00 target price on shares of HP in a report on Sunday, October 9th. Finally, Wells Fargo & Co. reissued an “outperform” rating and issued a $14.50 target price on shares of HP in a report on Wednesday, November 23rd. Fifteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.84.

Shares of HP (NYSE:HPQ) opened at 15.15 on Monday. HP has a one year low of $8.91 and a one year high of $16.19. The firm has a market capitalization of $25.94 billion, a price-to-earnings ratio of 10.58 and a beta of 1.53. The firm has a 50-day moving average price of $14.91 and a 200 day moving average price of $14.11.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be given a $0.1327 dividend. This is a positive change from HP’s previous quarterly dividend of $0.12. This represents a $0.53 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, December 12th. HP’s dividend payout ratio (DPR) is 35.21%.

In related news, insider Tracy S. Keogh sold 100,000 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $15.00, for a total value of $1,500,000.00. Following the transaction, the insider now directly owns 213,582 shares of the company’s stock, valued at approximately $3,203,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “HP Inc. (HPQ) to Post Q1 2017 Earnings of $0.37 Per Share, Clsa Americas Forecasts” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The correct version of this news story can be read at http://www.dailypolitical.com/2016/11/30/hp-inc-hpq-to-post-q1-2017-earnings-of-0-37-per-share-clsa-americas-forecasts.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of HP during the third quarter valued at about $106,000. FineMark National Bank & Trust increased its stake in shares of HP by 2.4% in the third quarter. FineMark National Bank & Trust now owns 7,027 shares of the computer maker’s stock valued at $109,000 after buying an additional 168 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of HP during the third quarter valued at about $120,000. Acrospire Investment Management LLC increased its stake in shares of HP by 9.6% in the third quarter. Acrospire Investment Management LLC now owns 8,000 shares of the computer maker’s stock valued at $124,000 after buying an additional 700 shares in the last quarter. Finally, Cedar Wealth Management LLC increased its stake in shares of HP by 2.7% in the third quarter. Cedar Wealth Management LLC now owns 8,431 shares of the computer maker’s stock valued at $131,000 after buying an additional 220 shares in the last quarter. 76.75% of the stock is currently owned by institutional investors and hedge funds.

About HP

HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.

5 Day Chart for NYSE:HPQ

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