HP Inc. (NYSE:HPQ) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.35-0.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.38. HP also updated its FY17 guidance to $1.55-1.65 EPS.

Shares of HP Inc. (NYSE:HPQ) opened at 15.95 on Wednesday. The firm has a market capitalization of $27.29 billion, a price-to-earnings ratio of 8.49 and a beta of 1.53. HP Inc. has a 12 month low of $8.91 and a 12 month high of $16.19. The stock’s 50 day moving average is $14.99 and its 200 day moving average is $13.99.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 22nd. The computer maker reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. HP had a net margin of 5.41% and a return on equity of 106.26%. The business earned $12.50 billion during the quarter, compared to analysts’ expectations of $11.89 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that HP Inc. will post $1.61 earnings per share for the current fiscal year.

Earnings History and Estimates for HP (NYSE:HPQ)

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be given a dividend of $0.1327 per share. This is a positive change from HP’s previous quarterly dividend of $0.12. This represents a $0.53 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, December 12th. HP’s dividend payout ratio is 26.74%.

HPQ has been the topic of several analyst reports. Credit Suisse Group AG reaffirmed a buy rating and set a $19.00 price target on shares of HP in a research report on Friday, August 12th. Argus upped their price target on shares of HP from $16.00 to $19.00 and gave the stock a buy rating in a research report on Monday, August 29th. Jefferies Group upped their price target on shares of HP from $16.00 to $16.75 and gave the stock a buy rating in a research report on Thursday, August 25th. Deutsche Bank AG reaffirmed a buy rating and set a $15.00 price target on shares of HP in a research report on Thursday, August 25th. Finally, Brean Capital reaffirmed a buy rating and set a $18.00 price target on shares of HP in a research report on Tuesday, September 13th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $15.48.

In other news, insider Tracy S. Keogh sold 100,000 shares of HP stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $15.00, for a total value of $1,500,000.00. Following the completion of the sale, the insider now owns 213,582 shares in the company, valued at approximately $3,203,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marie Myers sold 10,269 shares of HP stock in a transaction on Monday, August 29th. The shares were sold at an average price of $14.55, for a total transaction of $149,413.95. Following the completion of the sale, the insider now owns 22,390 shares of the company’s stock, valued at approximately $325,774.50. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board raised its stake in HP by 21.8% in the second quarter. Canada Pension Plan Investment Board now owns 1,459,365 shares of the computer maker’s stock valued at $18,315,000 after buying an additional 261,510 shares in the last quarter. Atlantic Trust Group LLC raised its stake in HP by 30.4% in the second quarter. Atlantic Trust Group LLC now owns 35,926 shares of the computer maker’s stock valued at $451,000 after buying an additional 8,366 shares in the last quarter. Rhumbline Advisers raised its stake in HP by 4.5% in the second quarter. Rhumbline Advisers now owns 2,664,605 shares of the computer maker’s stock valued at $33,441,000 after buying an additional 113,836 shares in the last quarter. Panagora Asset Management Inc. raised its stake in HP by 6.1% in the third quarter. Panagora Asset Management Inc. now owns 363,855 shares of the computer maker’s stock valued at $5,651,000 after buying an additional 20,766 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in HP by 36.9% in the third quarter. Cetera Advisor Networks LLC now owns 20,384 shares of the computer maker’s stock valued at $317,000 after buying an additional 5,489 shares in the last quarter. Institutional investors own 79.49% of the company’s stock.

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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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