Zacks: Analysts Anticipate HP Inc. (HPQ) Will Announce Earnings of $0.51 Per Share

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Brokerages predict that HP Inc. (NYSE:HPQ) will post earnings of $0.51 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for HP’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.52. HP posted earnings of $0.48 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, May 23rd.

According to Zacks, analysts expect that HP will report full-year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.17. For the next fiscal year, analysts anticipate that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.15 to $2.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover HP.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, February 27th. The computer maker reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. HP had a net margin of 7.15% and a negative return on equity of 216.97%. The company had revenue of $14.71 billion during the quarter, compared to the consensus estimate of $14.81 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. HP’s revenue for the quarter was up 1.3% on a year-over-year basis.

Several research firms have issued reports on HPQ. Zacks Investment Research upgraded shares of HP from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Wolfe Research downgraded shares of HP from an “outperform” rating to a “peer perform” rating and decreased their price objective for the company from $25.00 to $21.00 in a research note on Tuesday. ValuEngine downgraded shares of HP from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. JPMorgan Chase & Co. restated a “hold” rating on shares of HP in a research note on Thursday, February 28th. Finally, Credit Suisse Group began coverage on shares of HP in a research note on Thursday, April 11th. They issued a “neutral” rating and a $21.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.71.

NYSE HPQ traded up $0.08 during trading hours on Monday, hitting $19.02. The company had a trading volume of 11,414,308 shares, compared to its average volume of 8,960,849. HP has a 1-year low of $18.06 and a 1-year high of $27.08. The company has a market capitalization of $29.04 billion, a PE ratio of 9.42, a P/E/G ratio of 3.13 and a beta of 1.38.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.1602 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.64 annualized dividend and a dividend yield of 3.37%. HP’s dividend payout ratio (DPR) is 31.68%.

In other news, CEO Dion J. Weisler sold 36,799 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.00, for a total transaction of $735,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in HPQ. Claybrook Capital LLC lifted its position in HP by 367.8% in the fourth quarter. Claybrook Capital LLC now owns 1,235 shares of the computer maker’s stock valued at $25,000 after purchasing an additional 971 shares during the period. Sontag Advisory LLC acquired a new stake in HP in the fourth quarter valued at about $26,000. Dubuque Bank & Trust Co. lifted its position in HP by 1,760.0% in the first quarter. Dubuque Bank & Trust Co. now owns 1,302 shares of the computer maker’s stock valued at $25,000 after purchasing an additional 1,232 shares during the period. Gradient Investments LLC lifted its position in HP by 331.6% in the first quarter. Gradient Investments LLC now owns 1,394 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 1,071 shares during the period. Finally, Icon Wealth Partners LLC acquired a new stake in HP in the first quarter valued at about $27,000. Institutional investors and hedge funds own 79.19% 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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