HP (HPQ) Announces Earnings Results

HP (NYSE:HPQ) posted its quarterly earnings results on Tuesday. The computer maker reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48, RTT News reports. The business had revenue of $14.00 million during the quarter, compared to analysts’ expectations of $13.57 billion. HP had a net margin of 7.15% and a negative return on equity of 82.30%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $0.40 earnings per share. HP updated its Q3 guidance to $0.49-$0.52 EPS and its FY18 guidance to $1.97-$2.02 EPS.

Shares of HP traded down $0.61, reaching $21.30, during trading hours on Tuesday, according to Marketbeat Ratings. 13,270,671 shares of the stock traded hands, compared to its average volume of 9,635,553. The company has a debt-to-equity ratio of -2.31, a current ratio of 0.91 and a quick ratio of 0.67. HP has a 52 week low of $17.10 and a 52 week high of $24.75. The firm has a market capitalization of $35.96 billion, a P/E ratio of 12.95, a PEG ratio of 1.90 and a beta of 1.67.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Wednesday, June 13th will be given a dividend of $0.1393 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, June 12th. HP’s payout ratio is currently 33.94%.

HPQ has been the subject of a number of research reports. ValuEngine cut shares of HP from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, February 27th. Royal Bank of Canada restated a “buy” rating and issued a $28.00 price target on shares of HP in a report on Friday, February 23rd. UBS restated a “buy” rating and issued a $28.00 price target (up from $26.00) on shares of HP in a report on Friday, February 23rd. Finally, Deutsche Bank raised their price target on shares of HP from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. HP currently has a consensus rating of “Hold” and an average target price of $24.19.

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.

Earnings History for HP (NYSE:HPQ)

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