Media headlines about HP (NYSE:HPQ) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research group, a division of Accern, identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. HP earned a media sentiment score of 0.07 on AlphaOne’s scale. AlphaOne also assigned press coverage about the computer maker an impact score of 76 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
- HP Inc (HPQ) to Report Q2 Earnings: What’s in the Cards? (nasdaq.com)
- HP Inc (HPQ) to Report Q2 Earnings: What's in the Cards? (finance.yahoo.com)
- HP Inc (HPQ) Declares $0.13 Quarterly Dividend (americanbankingnews.com)
- HP Inc. Board Declares Dividend (finance.yahoo.com)
- HP on the Street: What Are the Analysts Saying in May 2017? (finance.yahoo.com)
Several research analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of HP in a report on Friday. Mizuho increased their price target on HP from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Barclays PLC increased their price target on HP from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, February 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $16.00 price target (up previously from $15.50) on shares of HP in a research note on Thursday, February 23rd. Finally, Zacks Investment Research raised HP from a “sell” rating to a “hold” rating in a research note on Friday, February 24th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. HP presently has an average rating of “Buy” and a consensus target price of $18.38.
HP (NYSE:HPQ) traded up 1.22% during midday trading on Friday, hitting $19.01. 5,823,528 shares of the stock were exchanged. HP has a 1-year low of $11.40 and a 1-year high of $19.49. The firm has a market capitalization of $32.19 billion, a P/E ratio of 12.97 and a beta of 1.52. The firm’s 50-day moving average price is $18.48 and its 200 day moving average price is $16.48.
HP (NYSE:HPQ) last announced its earnings results on Wednesday, February 22nd. The computer maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $12.68 billion for the quarter, compared to analyst estimates of $11.82 billion. HP had a net margin of 5.17% and a negative return on equity of 63.67%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. Analysts expect that HP will post $1.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be given a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a yield of 2.83%. HP’s dividend payout ratio (DPR) is currently 37.32%.
In other HP news, CFO Catherine A. Lesjak sold 52,387 shares of HP stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $19.00, for a total value of $995,353.00. Following the completion of the transaction, the chief financial officer now directly owns 52,387 shares of the company’s stock, valued at $995,353. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tracy S. Keogh sold 113,582 shares of HP stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $17.43, for a total transaction of $1,979,734.26. Following the completion of the transaction, the insider now directly owns 96,926 shares of the company’s stock, valued at $1,689,420.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,093,741 shares of company stock valued at $19,482,770. 0.51% of the stock is currently owned by corporate insiders.
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HP Company Profile
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.
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