HP Inc. (HPQ) Scheduled to Post Quarterly Earnings on Wednesday
HP Inc. (NYSE:HPQ) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 23rd. Analysts expect the company to announce earnings of $0.42 per share for the quarter. HP has set its Q3 guidance at $0.40-0.43 EPS and its FY17 guidance at $1.59-1.66 EPS.
HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 24th. The computer maker reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The firm had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.93 billion. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, analysts expect HP to post $1.65 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
HP Inc. (NYSE HPQ) opened at 18.51 on Monday. HP Inc. has a 52-week low of $13.55 and a 52-week high of $19.58. The company has a market cap of $31.16 billion, a price-to-earnings ratio of 13.09 and a beta of 1.90. The company’s 50-day moving average is $18.67 and its 200 day moving average is $17.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.1327 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.87%. HP’s payout ratio is 37.32%.
In related news, Director Margaret C. Whitman sold 221,960 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $19.36, for a total value of $4,297,145.60. Following the transaction, the director now directly owns 692,849 shares of the company’s stock, valued at approximately $13,413,556.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Margaret C. Whitman sold 443,920 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $19.32, for a total value of $8,576,534.40. Following the completion of the transaction, the director now directly owns 692,849 shares in the company, valued at $13,385,842.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,748,815 shares of company stock worth $32,623,560. 0.62% of the stock is owned by insiders.
HPQ has been the subject of several research analyst reports. FBN Securities reiterated an “outperform” rating and issued a $23.00 price objective (up from $19.00) on shares of HP in a report on Sunday, May 28th. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, July 12th. Mizuho upgraded HP from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $21.00 in a report on Monday, July 10th. BidaskClub upgraded HP from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on HP from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Thursday, May 25th. Nine equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $19.89.
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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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