HP Inc. Expected to Post Q1 2017 Earnings of $0.37 Per Share (HPQ)
HP Inc. (NYSE:HPQ) – Research analysts at Clsa Americas issued their Q1 2017 earnings per share (EPS) estimates for shares of HP in a research note issued on Wednesday. Clsa Americas analyst A. Silver forecasts that the firm 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 announced its earnings results on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. HP had a negative return on equity of 61.38% and a net margin of 5.17%. The business earned $12.50 billion during the quarter, compared to analyst estimates of $11.89 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.
Other research analysts have also issued reports about the stock. Vetr raised shares of HP from a “buy” rating to a “strong-buy” rating and set a $17.76 price target on the stock in a research note on Monday. Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $14.50 price target on shares of HP in a research note on Wednesday, November 23rd. BMO Capital Markets raised their price target on shares of HP from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Thursday, August 25th. FBN Securities reaffirmed a “sector perform” rating on shares of HP in a research note on Thursday, September 8th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $12.00 price target on shares of HP in a research note on Thursday, August 25th. Fifteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. HP currently has an average rating of “Hold” and a consensus target price of $15.84.
HP (NYSE:HPQ) opened at 15.18 on Monday. The firm’s 50 day moving average price is $14.95 and its 200 day moving average price is $14.03. The stock has a market cap of $25.97 billion, a price-to-earnings ratio of 8.08 and a beta of 1.53. HP has a 12 month low of $8.91 and a 12 month high of $16.19.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.1327 per share. This is a boost 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 payout ratio is 35.21%.
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 transaction of $1,500,000.00. Following the completion of the sale, the insider now directly owns 213,582 shares of the company’s stock, valued at approximately $3,203,730. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.51% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in HP during the third quarter valued at about $106,000. D.A. Davidson & CO. boosted its stake in shares of HP by 33.6% in the third quarter. D.A. Davidson & CO. now owns 8,686 shares of the computer maker’s stock worth $134,000 after buying an additional 2,184 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of HP during the third quarter worth $5,530,000. Price T Rowe Associates Inc. MD boosted its stake in shares of HP by 4.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,287,736 shares of the computer maker’s stock worth $51,059,000 after buying an additional 132,660 shares during the period. Finally, Garde Capital Inc. boosted its stake in shares of HP by 8.0% in the third quarter. Garde Capital Inc. now owns 48,875 shares of the computer maker’s stock worth $1,252,000 after buying an additional 3,600 shares during the period. 76.75% of the stock is owned by institutional investors and hedge funds.
HP Company Profile
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.
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