HP (HPQ) Earns Coverage Optimism Rating of 1.62
Press coverage about HP (NYSE:HPQ) has trended somewhat positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. HP earned a news impact score of 1.62 on their scale. InfoTrie also assigned news articles about the computer maker an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted HP’s score:
- Striving for success: HP Inc. (HPQ), Regency Centers Corporation (REG) (finbulletin.com)
- One Put, One Call Option To Know About for HP (nasdaq.com)
- Is There A Value in Morgan Stanley (MS) And HP Inc. (HPQ)? (finmercury.com)
- Investors Take A Relaxed Stance Toward HP Inc. (HPQ), CorMedix, Inc. (CRMD) (rnsdaily.com)
- UVI Students Capture First Place In National HP Competition (viconsortium.com)
Several equities research analysts recently weighed in on HPQ shares. ValuEngine cut HP from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Morgan Stanley decreased their target price on HP from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 4th. Zacks Investment Research cut HP from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. JPMorgan Chase & Co. cut HP from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $28.00 to $29.00 in a research note on Friday, October 5th. Finally, Bank of America boosted their target price on HP from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.44.
HP (NYSE:HPQ) last issued its quarterly earnings data on Thursday, August 23rd. The computer maker reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. HP had a negative return on equity of 130.47% and a net margin of 7.95%. The company had revenue of $14.59 billion during the quarter, compared to analysts’ expectations of $14.29 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts forecast that HP will post 2.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 13th will be paid a $0.1602 dividend. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.72%. This is a boost from HP’s previous quarterly dividend of $0.14. HP’s payout ratio is currently 33.94%.
In other HP news, insider Dion J. Weisler sold 86,389 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $24.80, for a total value of $2,142,447.20. Following the completion of the sale, the insider now owns 815,945 shares in the company, valued at $20,235,436. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kim M. Rivera sold 46,072 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $24.14, for a total value of $1,112,178.08. Following the completion of the sale, the insider now owns 15,241 shares of the company’s stock, valued at approximately $367,917.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 826,055 shares of company stock valued at $21,135,479. 0.25% of the stock is owned by company insiders.
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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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