Analysts Anticipate HP Inc. (HPQ) to Post $0.54 EPS

Wall Street brokerages forecast that HP Inc. (NYSE:HPQ) will announce earnings of $0.54 per share for the current quarter, Zacks reports. Three analysts have provided estimates for HP’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.55. HP posted earnings per share of $0.44 during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.7%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that HP will report full-year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.03. For the next year, analysts forecast that the company will report earnings of $2.10 per share, with EPS estimates ranging from $1.89 to $2.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for HP.

HP (NYSE:HPQ) last issued its quarterly earnings data on Thursday, August 23rd. The computer maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. HP had a negative return on equity of 130.47% and a net margin of 7.95%. The firm had revenue of $14.59 billion for the quarter, compared to analyst estimates of $14.29 billion. During the same period in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis.

HPQ has been the topic of a number of research reports. Maxim Group raised HP from a “hold” rating to a “buy” rating and upped their price objective for the company from $27.00 to $28.00 in a report on Wednesday, May 30th. They noted that the move was a valuation call. Morgan Stanley upped their target price on HP from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 30th. BMO Capital Markets cut their target price on HP to $22.00 and set a “market perform” rating for the company in a research report on Wednesday, May 30th. Susquehanna Bancshares set a $22.00 target price on HP and gave the company a “hold” rating in a research report on Wednesday, May 30th. Finally, JPMorgan Chase & Co. set a $28.00 target price on HP and gave the company a “buy” rating in a research report on Wednesday, May 30th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $26.06.

In other news, insider Marie Myers sold 8,470 shares of the company’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $22.85, for a total transaction of $193,539.50. Following the completion of the sale, the insider now directly owns 8,470 shares in the company, valued at approximately $193,539.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Several hedge funds have recently made changes to their positions in HPQ. Rockefeller Capital Management L.P. bought a new stake in shares of HP during the 1st quarter worth $106,000. CSat Investment Advisory L.P. bought a new stake in shares of HP during the 2nd quarter worth $113,000. NuWave Investment Management LLC bought a new stake in shares of HP during the 2nd quarter worth $116,000. Institutional & Family Asset Management LLC bought a new stake in shares of HP during the 1st quarter worth $118,000. Finally, Summit Trail Advisors LLC lifted its position in shares of HP by 2,106.3% during the 1st quarter. Summit Trail Advisors LLC now owns 161,547 shares of the computer maker’s stock worth $162,000 after buying an additional 154,225 shares during the last quarter. Institutional investors and hedge funds own 79.72% of the company’s stock.

NYSE HPQ traded down $0.08 on Wednesday, reaching $24.60. The stock had a trading volume of 6,950,548 shares, compared to its average volume of 8,868,322. The company has a debt-to-equity ratio of -2.55, a current ratio of 0.85 and a quick ratio of 0.61. HP has a 1-year low of $19.10 and a 1-year high of $25.28. The firm has a market cap of $39.10 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.88 and a beta of 1.59.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Wednesday, September 12th will be given a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.27%. HP’s payout ratio is 33.94%.

HP Company Profile

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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