Today, Jefferies Group Comments on HP Inc.’s Q1 2017 Earnings (HPQ)

Today, Jefferies Group Comments on HP Inc.’s Q1 2017 Earnings (HPQ)

HP Inc. (NYSE:HPQ) – Equities research analysts at Jefferies Group reduced their Q1 2017 earnings per share (EPS) estimates for shares of HP in a report issued on Wednesday. Jefferies Group analyst J. Kisner now anticipates that the brokerage will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.38. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for HP’s Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.40 EPS and Q1 2018 earnings at $0.39 EPS.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. HP had a net margin of 5.17% and a negative return on equity of 61.38%. The company had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $11.89 billion. During the same quarter in the previous year, the company earned $0.93 EPS. HP’s revenue for the quarter was up 5.2% on a year-over-year basis.

A number of other equities analysts also recently commented on the stock. Credit Suisse Group AG reaffirmed a “buy” rating and set a $19.00 target price on shares of HP in a research note on Friday, August 12th. Royal Bank Of Canada lifted their target price on shares of HP from $12.00 to $14.00 and gave the stock a “sector perform” rating in a research note on Monday, August 22nd. RBC Capital Markets reaffirmed a “sector perform” rating and set a $14.00 target price (up from $12.00) on shares of HP in a research note on Monday, August 22nd. Citigroup Inc. lifted their target price on shares of HP from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, August 25th. Finally, Mizuho reaffirmed a “neutral” rating and set a $12.00 target price on shares of HP in a research note on Thursday, August 25th. Fifteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. HP has a consensus rating of “Hold” and a consensus price target of $15.84.

HP (NYSE:HPQ) opened at 15.18 on Thursday. HP has a 1-year low of $8.91 and a 1-year high of $16.19. The company’s 50 day moving average is $14.95 and its 200-day moving average is $14.03. The stock has a market cap of $25.97 billion, a PE ratio of 8.08 and a beta of 1.53.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be issued a dividend of $0.1327 per share. This represents a $0.53 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Monday, December 12th. This is a boost from HP’s previous quarterly dividend of $0.12. HP’s payout ratio is 35.21%.

In other news, insider Marie Myers sold 10,269 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $14.55, for a total value of $149,413.95. Following the completion of the transaction, the insider now owns 22,390 shares in the company, valued at approximately $325,774.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tracy S. Keogh sold 100,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now owns 213,582 shares of the company’s stock, valued at approximately $3,203,730. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HPQ. Itau Unibanco Holding S.A. bought a new position in shares of HP during the third quarter valued at about $106,000. FineMark National Bank & Trust boosted its position in shares of HP by 2.4% in the third quarter. FineMark National Bank & Trust now owns 7,027 shares of the computer maker’s stock valued at $109,000 after buying an additional 168 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in shares of HP during the third quarter valued at about $120,000. Acrospire Investment Management LLC boosted its position in shares of HP by 9.6% in the third quarter. Acrospire Investment Management LLC now owns 8,000 shares of the computer maker’s stock valued at $124,000 after buying an additional 700 shares during the last quarter. Finally, Cedar Wealth Management LLC boosted its position in shares of HP by 2.7% in the third quarter. Cedar Wealth Management LLC now owns 8,431 shares of the computer maker’s stock valued at $131,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 79.49% of the company’s stock.

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