$14.73 Billion in Sales Expected for HP Inc. (HPQ) This Quarter

Wall Street analysts expect HP Inc. (NYSE:HPQ) to announce $14.73 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for HP’s earnings. The lowest sales estimate is $14.55 billion and the highest is $14.86 billion. HP reported sales of $13.93 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The business is expected to announce its next earnings report on Tuesday, November 20th.

On average, analysts expect that HP will report full year sales of $57.51 billion for the current financial year, with estimates ranging from $57.01 billion to $57.94 billion. For the next fiscal year, analysts expect that the company will report sales of $57.90 billion per share, with estimates ranging from $56.02 billion to $59.35 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for HP.

HP (NYSE:HPQ) last released its earnings results on Thursday, August 23rd. The computer maker reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $14.29 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis.

HPQ has been the subject of several recent analyst reports. Deutsche Bank upped their target price on HP from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday. Maxim Group upped their target price on HP from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup upped their target price on HP to $30.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. set a $28.00 target price on HP and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Finally, ValuEngine cut HP from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $26.06.

NYSE HPQ opened at $24.33 on Tuesday. 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 fifty-two week low of $18.96 and a fifty-two week high of $24.80. The firm has a market cap of $38.89 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.84 and a beta of 1.66.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Wednesday, September 12th will be issued a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.29%. HP’s dividend payout ratio (DPR) is presently 33.94%.

In other news, insider Marie Myers sold 8,470 shares of the company’s stock in a transaction on Friday, June 29th. The shares were sold at an average price of $22.85, for a total transaction of $193,539.50. Following the completion of the transaction, the insider now directly owns 8,470 shares in the company, valued at $193,539.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tracy S. Keogh sold 117,276 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $23.00, for a total transaction of $2,697,348.00. Following the transaction, the insider now owns 340,453 shares of the company’s stock, valued at $7,830,419. The disclosure for this sale can be found here. Insiders have sold 243,021 shares of company stock valued at $5,705,488 over the last quarter. Company insiders own 0.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC increased its holdings in HP by 1.0% in the second quarter. Mutual of America Capital Management LLC now owns 211,566 shares of the computer maker’s stock valued at $4,800,000 after purchasing an additional 2,101 shares during the period. First Allied Advisory Services Inc. increased its holdings in HP by 9.3% in the first quarter. First Allied Advisory Services Inc. now owns 26,151 shares of the computer maker’s stock valued at $572,000 after purchasing an additional 2,230 shares during the period. MAI Capital Management increased its holdings in HP by 16.5% in the second quarter. MAI Capital Management now owns 16,542 shares of the computer maker’s stock valued at $375,000 after purchasing an additional 2,348 shares during the period. Dorsey Wright & Associates increased its holdings in HP by 1.6% in the second quarter. Dorsey Wright & Associates now owns 153,022 shares of the computer maker’s stock valued at $3,472,000 after purchasing an additional 2,404 shares during the period. Finally, Hudson Capital Management LLC increased its holdings in HP by 3.7% in the second quarter. Hudson Capital Management LLC now owns 68,410 shares of the computer maker’s stock valued at $1,552,000 after purchasing an additional 2,463 shares during the period. Institutional investors and hedge funds own 78.32% 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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