$0.54 Earnings Per Share Expected for HP Inc. (NYSE:HPQ) This Quarter

Equities research analysts expect HP Inc. (NYSE:HPQ) to announce earnings per share of $0.54 for the current quarter, according to Zacks. Two analysts have made estimates for HP’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.54. HP reported earnings per share of $0.52 during the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 26th.

On average, analysts expect that HP will report full-year earnings of $2.27 per share for the current year, with EPS estimates ranging from $2.25 to $2.29. For the next year, analysts expect that the firm will post earnings of $2.32 per share, with EPS estimates ranging from $2.20 to $2.38. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for HP.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.29 billion. HP had a negative return on equity of 241.43% and a net margin of 5.36%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS.

HPQ has been the topic of a number of research analyst reports. Bank of America decreased their target price on HP from $17.00 to $16.00 and set an “underperform” rating on the stock in a research note on Friday, October 4th. Credit Suisse Group decreased their target price on HP from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, October 4th. Morgan Stanley upped their target price on HP from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday. Finally, ValuEngine upgraded HP from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. HP presently has an average rating of “Hold” and an average price target of $19.91.

NYSE HPQ traded up $0.41 during trading on Wednesday, reaching $20.04. The company’s stock had a trading volume of 14,993,907 shares, compared to its average volume of 11,667,179. The stock has a market capitalization of $29.76 billion, a PE ratio of 8.95, a P/E/G ratio of 4.09 and a beta of 1.43. The firm has a fifty day moving average of $18.70 and a 200 day moving average of $19.28. HP has a one year low of $15.93 and a one year high of $24.09.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.176 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from HP’s previous quarterly dividend of $0.16. This represents a $0.70 annualized dividend and a dividend yield of 3.51%. HP’s dividend payout ratio is 28.57%.

In other news, insider Christoph Schell sold 60,121 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $20.17, for a total transaction of $1,212,640.57. Following the transaction, the insider now directly owns 179,029 shares in the company, valued at approximately $3,611,014.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in HPQ. Icahn Carl C bought a new position in shares of HP during the 3rd quarter valued at about $1,190,124,000. Nuveen Asset Management LLC boosted its holdings in HP by 645.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,674,530 shares of the computer maker’s stock valued at $159,553,000 after acquiring an additional 6,644,860 shares during the period. DNB Asset Management AS boosted its holdings in HP by 73.2% during the 3rd quarter. DNB Asset Management AS now owns 8,598,374 shares of the computer maker’s stock valued at $162,681,000 after acquiring an additional 3,632,640 shares during the period. Squarepoint Ops LLC boosted its holdings in HP by 3,092.1% during the 3rd quarter. Squarepoint Ops LLC now owns 1,959,225 shares of the computer maker’s stock valued at $37,069,000 after acquiring an additional 1,897,848 shares during the period. Finally, Morgan Stanley boosted its holdings in HP by 12.5% during the 2nd quarter. Morgan Stanley now owns 10,247,972 shares of the computer maker’s stock valued at $213,054,000 after acquiring an additional 1,142,355 shares during the period. Hedge funds and other institutional investors own 83.06% of the company’s stock.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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