HP (NYSE:HPQ) Issues Quarterly Earnings Results

HP (NYSE:HPQ) posted its quarterly earnings results on Tuesday. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01, FiscalAI reports. The firm had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%. HP updated its FY 2026 guidance to 2.900-3.200 EPS and its Q1 2026 guidance to 0.730-0.810 EPS.

HP Price Performance

Shares of HPQ stock traded down $0.12 during trading hours on Tuesday, reaching $24.26. The company had a trading volume of 21,857,954 shares, compared to its average volume of 9,263,132. The company has a market cap of $22.68 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28. HP has a 12 month low of $21.21 and a 12 month high of $39.62. The business has a fifty day simple moving average of $26.58 and a 200-day simple moving average of $26.41.

Analyst Ratings Changes

HPQ has been the topic of a number of research reports. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Sanford C. Bernstein began coverage on shares of HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price target for the company. Morgan Stanley set a $21.00 price objective on shares of HP in a research report on Friday. Bank of America reduced their target price on HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Citigroup dropped their price target on HP from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.67.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider directly owned 169 shares in the company, valued at $4,711.72. The trade was a 99.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On HP

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its stake in shares of HP by 18.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,371,674 shares of the computer maker’s stock worth $58,093,000 after buying an additional 361,839 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in HP in the second quarter worth $68,000. Optimist Retirement Group LLC grew its stake in HP by 27.6% in the 2nd quarter. Optimist Retirement Group LLC now owns 86,688 shares of the computer maker’s stock valued at $2,120,000 after purchasing an additional 18,777 shares during the period. Vident Advisory LLC increased its position in shares of HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after purchasing an additional 444 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of HP by 51.6% in the 2nd quarter. Tidal Investments LLC now owns 275,765 shares of the computer maker’s stock worth $6,745,000 after buying an additional 93,894 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.