HP Inc. (HPQ) Announces Quarterly Earnings Results

HP Inc. (NYSE:HPQ) announced its earnings results on Tuesday. The computer maker reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44, Bloomberg Earnings reports. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The firm had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. During the same period in the prior year, the company earned $0.36 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. HP updated its Q1 guidance to $0.40-0.43 EPS and its FY18 guidance to $1.75-1.85 EPS.

HP (HPQ) traded up $0.37 during trading on Tuesday, reaching $22.12. 11,867,700 shares of the company’s stock were exchanged, compared to its average volume of 10,854,853. The firm has a market capitalization of $37,660.00, a P/E ratio of 13.85, a PEG ratio of 3.22 and a beta of 1.84. The company has a current ratio of 0.97, a quick ratio of 0.74 and a debt-to-equity ratio of -1.55. HP has a 1 year low of $14.40 and a 1 year high of $22.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a $0.1393 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, December 12th. This is an increase from HP’s previous quarterly dividend of $0.13. HP’s payout ratio is currently 38.13%.

A number of analysts recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of HP in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $21.00 price objective on the stock. Maxim Group restated a “hold” rating and issued a $25.00 target price on shares of HP in a research note on Friday, October 27th. Royal Bank Of Canada upped their target price on shares of HP from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Citigroup Inc. increased their price objective on shares of HP from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Bank of America Corporation increased their price objective on shares of HP from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Ten equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. HP currently has an average rating of “Buy” and a consensus price target of $21.57.

In other HP news, insider Marie Myers sold 10,025 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $19.50, for a total value of $195,487.50. Following the sale, the insider now directly owns 10,025 shares in the company, valued at $195,487.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Enrique Lores sold 40,965 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $21.50, for a total transaction of $880,747.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,853,937 shares of company stock valued at $37,905,548. 0.62% of the stock is currently owned by corporate insiders.

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HP Company Profile

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

Earnings History for HP (NYSE:HPQ)

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