HP Inc. (NYSE:HPQ) Expected to Announce Earnings of $0.55 Per Share

Analysts expect that HP Inc. (NYSE:HPQ) will post earnings of $0.55 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for HP’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.56. HP reported earnings of $0.52 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 22nd.

On average, analysts expect that HP will report full-year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.19. For the next fiscal year, analysts expect that the company will post earnings of $2.24 per share, with EPS estimates ranging from $2.17 to $2.32. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow HP.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, May 23rd. The computer maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. HP had a negative return on equity of 232.81% and a net margin of 6.67%. The business had revenue of $14.04 billion for the quarter, compared to the consensus estimate of $13.97 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. HP’s revenue for the quarter was up .2% compared to the same quarter last year.

A number of research analysts have recently weighed in on HPQ shares. Evercore ISI started coverage on Sensata Technologies in a report on Wednesday, June 5th. They set an “in-line” rating and a $50.00 price target on the stock. Morgan Stanley set a $28.00 price objective on BJs Wholesale Club and gave the company a “hold” rating in a research report on Friday, May 24th. Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Credit Suisse Group boosted their price target on Delta Air Lines from $37.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. HP currently has a consensus rating of “Hold” and a consensus price target of $24.43.

Shares of HPQ stock traded down $0.34 on Friday, reaching $21.23. 1,814,441 shares of the company’s stock traded hands, compared to its average volume of 7,291,225. HP has a 12-month low of $18.06 and a 12-month high of $27.08. The company has a market capitalization of $32.21 billion, a P/E ratio of 10.51, a P/E/G ratio of 3.25 and a beta of 1.38. The company has a 50 day moving average of $20.70.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a yield of 3.01%. HP’s dividend payout ratio (DPR) is 31.68%.

In related news, insider Claire Bramley sold 16,852 shares of HP stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $20.81, for a total value of $350,690.12. Following the transaction, the insider now directly owns 16,852 shares of the company’s stock, valued at $350,690.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dion J. Weisler sold 132,964 shares of HP stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $20.95, for a total transaction of $2,785,595.80. The disclosure for this sale can be found here. Insiders sold 213,635 shares of company stock worth $4,423,266 over the last three months. 0.25% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of HP by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 20,246,617 shares of the computer maker’s stock valued at $413,637,000 after purchasing an additional 385,515 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of HP by 5.0% during the fourth quarter. Suntrust Banks Inc. now owns 222,983 shares of the computer maker’s stock valued at $4,562,000 after purchasing an additional 10,677 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of HP by 24.4% during the fourth quarter. MML Investors Services LLC now owns 88,132 shares of the computer maker’s stock valued at $1,803,000 after purchasing an additional 17,284 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in HP by 15.2% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 210,812 shares of the computer maker’s stock valued at $4,313,000 after buying an additional 27,774 shares during the period. Finally, Impax Asset Management Group plc raised its position in HP by 3.4% during the fourth quarter. Impax Asset Management Group plc now owns 22,326 shares of the computer maker’s stock valued at $457,000 after buying an additional 727 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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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