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.

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Earnings History and Estimates for HP (NYSE:HPQ)

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.

WARNING: “HP Inc. Expected to Post Q1 2017 Earnings of $0.37 Per Share (HPQ)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of international copyright and trademark laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/28/hp-inc-expected-to-post-q1-2017-earnings-of-0-37-per-share-hpq.html.

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.

5 Day Chart for NYSE:HPQ

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