HP Inc. (NYSE:HPQ) – Equities researchers at Jefferies Group lifted their FY2017 earnings per share estimates for shares of HP in a research note issued to investors on Wednesday. Jefferies Group analyst J. Kisner now anticipates that the brokerage will post earnings per share of $1.60 for the year, up from their previous estimate of $1.57. Jefferies Group currently has a “Hold” rating on the stock.
Several other research firms have also issued reports on HPQ. Vetr lowered shares of HP from a “strong-buy” rating to a “buy” rating and set a $17.76 target price for the company. in a research note on Tuesday, November 15th. Barclays PLC restated a “hold” rating and set a $15.00 price target on shares of HP in a research report on Wednesday, November 23rd. Credit Suisse Group AG restated a “buy” rating and set a $19.00 price target on shares of HP in a research report on Sunday, October 9th. RBC Capital Markets restated a “sector perform” rating and set a $16.00 price target (up previously from $14.00) on shares of HP in a research report on Monday, October 10th. Finally, Royal Bank Of Canada increased their price target on shares of HP from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, October 10th. Fifteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. HP presently has a consensus rating of “Hold” and a consensus price target of $15.84.
HP (NYSE:HPQ) opened at 15.18 on Monday. HP has a 12-month low of $8.91 and a 12-month high of $16.19. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 8.08 and a beta of 1.53. The firm has a 50-day moving average of $14.95 and a 200 day moving average of $14.03.
HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share for the quarter, hitting the 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 analysts’ expectations of $11.89 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s revenue was up 5.2% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be issued a $0.1327 dividend. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.53 annualized dividend and a yield of 3.50%. This is a boost from HP’s previous quarterly dividend of $0.12. HP’s payout ratio is 35.21%.
In related news, insider Tracy S. Keogh sold 100,000 shares of HP stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $15.00, for a total value of $1,500,000.00. Following the sale, the insider now owns 213,582 shares in the company, valued at $3,203,730. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of HP by 0.3% in the second quarter. IFP Advisors Inc now owns 22,658 shares of the computer maker’s stock valued at $284,000 after buying an additional 72 shares in the last quarter. Thompson Investment Management Inc. raised its position in shares of HP by 0.3% in the second quarter. Thompson Investment Management Inc. now owns 40,620 shares of the computer maker’s stock valued at $510,000 after buying an additional 120 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of HP by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 54,120 shares of the computer maker’s stock valued at $840,000 after buying an additional 150 shares in the last quarter. FineMark National Bank & Trust raised 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 in the last quarter. Finally, Conning Inc. raised its position in shares of HP by 0.4% in the third quarter. Conning Inc. now owns 44,375 shares of the computer maker’s stock valued at $689,000 after buying an additional 190 shares in the last quarter. 76.75% of the stock is owned by institutional investors and hedge funds.
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