HP Inc. (NYSE:HPQ) is scheduled to announce its earnings results after the market closes on Tuesday, November 21st. Analysts expect the company to announce earnings of $0.44 per share for the quarter. HP has set its Q4 guidance at $0.42-0.45 EPS.
HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The firm had revenue of $13.06 billion for the quarter, compared to analysts’ expectations of $12.31 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts expect HP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of HP Inc. (NYSE HPQ) opened at $21.75 on Friday. HP Inc. has a twelve month low of $14.40 and a twelve month high of $22.31. The company has a market capitalization of $36,030.00, a P/E ratio of 13.60, a P/E/G ratio of 3.17 and a beta of 1.84. The company has a current ratio of 0.97, a quick ratio of 0.74 and a debt-to-equity ratio of -1.55.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.1393 per share. This is a boost from HP’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 annualized dividend and a yield of 2.56%. HP’s payout ratio is presently 38.13%.
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Several research analysts have issued reports on the company. BidaskClub cut HP from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Wells Fargo & Company assumed coverage on HP in a report on Tuesday, November 14th. They issued a “market perform” rating and a $21.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 price target on shares of HP in a report on Thursday, August 24th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.50 price target on shares of HP in a report on Thursday, August 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 price target on shares of HP in a report on Thursday, August 24th. Ten analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $21.57.
In related news, insider Marie Myers sold 10,025 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $19.50, for a total value of $195,487.50. Following the completion of the sale, the insider now directly owns 10,025 shares in the company, valued at $195,487.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kim M. Rivera sold 41,761 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $21.28, for a total transaction of $888,674.08. Following the completion of the sale, the insider now owns 84,799 shares of the company’s stock, valued at $1,804,522.72. The disclosure for this sale can be found here. Insiders sold 1,853,937 shares of company stock valued at $37,905,548 over the last quarter. 0.62% of the stock is currently owned by corporate insiders.
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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