HP Inc. (NYSE:HPQ) – Research analysts at Clsa Americas issued their Q1 2018 earnings per share estimates for shares of HP in a report released on Wednesday. Clsa Americas analyst A. Silver expects that the firm will earn $0.37 per share for the quarter. Clsa Americas also issued estimates for HP’s Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.57 EPS and FY2019 earnings at $1.56 EPS.
HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 22nd. The computer maker reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. HP had a net margin of 5.17% and a negative return on equity of 61.38%. The business earned $12.50 billion during the quarter, compared to the consensus estimate of $11.89 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year.
Several other equities research analysts also recently weighed in on HPQ. Barclays PLC upped their target price on shares of HP from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 25th. RBC Capital Markets reissued a “sector perform” rating and issued a $14.00 price objective on shares of HP in a research report on Tuesday, September 13th. Vetr raised shares of HP from a “buy” rating to a “strong-buy” rating and set a $16.84 price objective on the stock in a research report on Monday, October 17th. Jefferies Group increased their price objective on shares of HP from $16.00 to $16.75 and gave the company a “buy” rating in a research report on Thursday, August 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $15.00 price objective on shares of HP in a research report on Thursday, August 25th. Fifteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.73.
HP (NYSE:HPQ) traded up 0.47% during midday trading on Thursday, hitting $14.94. 2,337,092 shares of the stock traded hands. The stock has a market cap of $25.56 billion, a price-to-earnings ratio of 7.96 and a beta of 1.53. The company has a 50-day moving average price of $14.98 and a 200 day moving average price of $14.00. HP has a one year low of $8.91 and a one year high of $16.19.
Institutional investors have recently bought and sold shares of the stock. American International Group Inc. increased its position in HP by 5.0% in the third quarter. American International Group Inc. now owns 32,897,063 shares of the computer maker’s stock valued at $510,891,000 after buying an additional 1,561,329 shares during the period. Bank of New York Mellon Corp increased its stake in shares of HP by 9.2% in the third quarter. Bank of New York Mellon Corp now owns 28,494,223 shares of the computer maker’s stock worth $442,517,000 after buying an additional 2,403,888 shares during the period. Northern Trust Corp increased its stake in shares of HP by 1.6% in the third quarter. Northern Trust Corp now owns 21,870,150 shares of the computer maker’s stock worth $339,644,000 after buying an additional 350,310 shares during the period. BlackRock Fund Advisors increased its stake in shares of HP by 4.6% in the third quarter. BlackRock Fund Advisors now owns 21,674,708 shares of the computer maker’s stock worth $336,608,000 after buying an additional 952,392 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of HP by 28.8% in the third quarter. Wells Fargo & Company MN now owns 11,681,887 shares of the computer maker’s stock worth $181,420,000 after buying an additional 2,614,757 shares during the period. Hedge funds and other institutional investors own 79.49% of the company’s stock.
In other HP news, insider Marie Myers sold 10,269 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $14.55, for a total transaction of $149,413.95. Following the completion of the transaction, the insider now directly owns 22,390 shares in the company, valued at approximately $325,774.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tracy S. Keogh sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the transaction, the insider now owns 213,582 shares of the company’s stock, valued at $3,203,730. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be issued a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, December 12th. This is an increase from HP’s previous quarterly dividend of $0.12. HP’s dividend payout ratio (DPR) is currently 35.21%.
HP Company Profile