Trade Report: Today: HP Inc. Expected to Post Q1 2017 Earnings of $0.37 Per Share (HPQ)

Today: HP Inc. Expected to Post Q1 2017 Earnings of $0.37 Per Share (HPQ)

HP Inc. (NYSE:HPQ) – Investment analysts at Clsa Americas issued their Q1 2017 EPS estimates for HP in a research report issued to clients and investors on Wednesday. Clsa Americas analyst A. Silver forecasts that the brokerage will earn $0.37 per share for the quarter. Clsa Americas also issued estimates for HP’s Q2 2017 earnings at $0.38 EPS, Q3 2017 earnings at $0.39 EPS, Q4 2017 earnings at $0.42 EPS and FY2017 earnings at $1.57 EPS.

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

Several other brokerages have also commented on HPQ. Citigroup Inc. increased their price objective on HP from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, August 25th. Credit Suisse Group AG restated a “buy” rating and set a $19.00 target price on shares of HP in a report on Friday, August 12th. Mizuho restated a “neutral” rating and set a $12.00 target price on shares of HP in a report on Thursday, August 25th. BMO Capital Markets increased their target price on HP from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Thursday, August 25th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $14.00 target price on shares of HP in a report on Tuesday, September 13th. Fifteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. HP has a consensus rating of “Hold” and an average target price of $15.84.

Shares of HP (NYSE:HPQ) opened at 15.18 on Monday. The stock’s 50 day moving average price is $14.95 and its 200 day moving average price is $14.03. HP has a 12-month low of $8.91 and a 12-month high of $16.19. The company has a market cap of $25.97 billion, a P/E 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. Stockholders of record on Wednesday, December 14th will be paid a $0.1327 dividend. This is an increase from HP’s previous quarterly dividend of $0.12. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, December 12th. HP’s dividend payout ratio (DPR) is 35.21%.

In other news, insider Tracy S. Keogh sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $15.00, for a total value of $1,500,000.00. Following the transaction, the insider now directly owns 213,582 shares in the company, valued at approximately $3,203,730. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.51% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in 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 position in 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 valued at $442,517,000 after buying an additional 2,403,888 shares during the period. Northern Trust Corp increased its position in HP by 1.6% in the third quarter. Northern Trust Corp now owns 21,870,150 shares of the computer maker’s stock valued at $339,644,000 after buying an additional 350,310 shares during the period. BlackRock Fund Advisors increased its position in HP by 4.6% in the third quarter. BlackRock Fund Advisors now owns 21,674,708 shares of the computer maker’s stock valued at $336,608,000 after buying an additional 952,392 shares during the period. Finally, Wells Fargo & Company MN increased its position in HP by 28.8% in the third quarter. Wells Fargo & Company MN now owns 11,681,887 shares of the computer maker’s stock valued at $181,420,000 after buying an additional 2,614,757 shares during the period. Institutional investors own 76.75% of the company’s stock.

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