HP Inc. (HPQ) to Post Q1 2017 Earnings of $0.37 Per Share, Clsa Americas Forecasts
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.
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.
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.
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.
Receive News & Ratings for HP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP Inc. and related companies with MarketBeat.com's FREE daily email newsletter.