HP Inc. (NYSE:HPQ) Expected to Announce Earnings of $0.54 Per Share

Equities research analysts expect HP Inc. (NYSE:HPQ) to announce earnings per share of $0.54 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for HP’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.55. HP posted earnings of $0.52 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 26th.

On average, analysts expect that HP will report full-year earnings of $2.29 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.29. For the next year, analysts anticipate that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.32 to $2.38. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for HP.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.29 billion. HP had a net margin of 5.36% and a negative return on equity of 241.43%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share.

Several research firms have weighed in on HPQ. Morgan Stanley increased their target price on shares of HP from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. ValuEngine upgraded shares of HP from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, December 4th. Goldman Sachs Group lowered shares of HP from a “neutral” rating to a “sell” rating and cut their target price for the stock from $18.00 to $14.00 in a report on Thursday, October 10th. Finally, Bank of America cut their target price on shares of HP from $17.00 to $16.00 and set an “underperform” rating on the stock in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. HP presently has a consensus rating of “Hold” and an average price target of $19.56.

HPQ opened at $21.96 on Friday. The firm’s fifty day moving average is $20.77 and its two-hundred day moving average is $19.50. The firm has a market cap of $31.93 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 4.81 and a beta of 1.44. HP has a twelve month low of $15.93 and a twelve month high of $24.09.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a dividend of $0.1762 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.21%. This is a positive change from HP’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, March 10th. HP’s dividend payout ratio (DPR) is presently 31.25%.

In related news, insider Christoph Schell sold 42,804 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $19.99, for a total transaction of $855,651.96. Following the sale, the insider now directly owns 144,684 shares in the company, valued at $2,892,233.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. ETF Managers Group LLC bought a new stake in HP during the 2nd quarter worth approximately $199,000. Private Advisor Group LLC grew its position in HP by 7.4% during the second quarter. Private Advisor Group LLC now owns 103,820 shares of the computer maker’s stock valued at $2,158,000 after buying an additional 7,181 shares during the period. Assetmark Inc. grew its position in HP by 7.3% during the second quarter. Assetmark Inc. now owns 53,005 shares of the computer maker’s stock valued at $1,102,000 after buying an additional 3,586 shares during the period. Morgan Stanley grew its position in HP by 12.5% during the second quarter. Morgan Stanley now owns 10,247,972 shares of the computer maker’s stock valued at $213,054,000 after buying an additional 1,142,355 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new position in HP during the second quarter worth about $5,266,000. Hedge funds and other institutional investors own 84.22% 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.

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