HP Inc. (NYSE:HPQ) – Investment analysts at Jefferies Group decreased their Q2 2018 earnings estimates for shares of HP in a report issued on Wednesday. Jefferies Group analyst J. Kisner now forecasts that the computer maker will earn $0.41 per share for the quarter, down from their prior estimate of $0.42. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for HP’s Q1 2019 earnings at $0.42 EPS.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $12.31 billion. HP had a net margin of 4.66% and a negative return on equity of 64.93%. HP’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Weighs in on HP Inc.’s Q2 2018 Earnings (HPQ)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/08/29/jefferies-group-weighs-in-on-hp-inc-s-q2-2018-earnings-hpq.html.

HPQ has been the topic of a number of other reports. Stifel Nicolaus reissued a “hold” rating and set a $14.00 price target on shares of HP in a research note on Friday, May 26th. BMO Capital Markets reissued a “hold” rating and set a $20.00 price target on shares of HP in a research note on Thursday, August 24th. Bank of America Corporation lifted their price objective on HP from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. FBN Securities reaffirmed an “outperform” rating and issued a $25.00 price objective (up from $23.00) on shares of HP in a research note on Thursday, August 24th. Finally, Royal Bank Of Canada lifted their price objective on HP from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 25th. Ten analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. HP presently has an average rating of “Buy” and a consensus price target of $20.53.

Shares of HP (NYSE:HPQ) traded down 0.912% during mid-day trading on Monday, reaching $19.005. 1,310,146 shares of the company traded hands. The stock has a market capitalization of $31.95 billion, a PE ratio of 13.812 and a beta of 1.90. HP has a 52-week low of $13.77 and a 52-week high of $19.78. The stock’s 50 day moving average is $18.86 and its 200 day moving average is $18.09.

Several hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of HP by 0.4% in the first quarter. Parallel Advisors LLC now owns 11,616 shares of the computer maker’s stock valued at $218,000 after buying an additional 41 shares during the last quarter. Montecito Bank & Trust raised its stake in shares of HP by 0.3% in the second quarter. Montecito Bank & Trust now owns 17,342 shares of the computer maker’s stock valued at $303,000 after buying an additional 60 shares during the last quarter. Savant Capital LLC raised its stake in shares of HP by 0.3% in the first quarter. Savant Capital LLC now owns 24,276 shares of the computer maker’s stock valued at $434,000 after buying an additional 80 shares during the last quarter. Destination Wealth Management raised its stake in shares of HP by 0.5% in the first quarter. Destination Wealth Management now owns 15,603 shares of the computer maker’s stock valued at $279,000 after buying an additional 83 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of HP by 1.1% in the second quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after buying an additional 85 shares during the last quarter. 78.50% of the stock is owned by institutional investors and hedge funds.

In other HP news, Director Margaret C. Whitman sold 443,920 shares of HP stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $19.32, for a total value of $8,576,534.40. Following the completion of the sale, the director now owns 692,849 shares of the company’s stock, valued at approximately $13,385,842.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Margaret C. Whitman sold 73,992 shares of HP stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $17.70, for a total value of $1,309,658.40. Following the completion of the sale, the director now directly owns 544,881 shares of the company’s stock, valued at approximately $9,644,393.70. The disclosure for this sale can be found here. Insiders have sold 1,713,815 shares of company stock valued at $31,984,460 in the last quarter. 0.62% of the stock is owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, September 12th. HP’s payout ratio is 38.41%.

About HP

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.

Earnings History and Estimates for HP (NYSE:HPQ)

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