HP Inc. (NYSE:HPQ) – Jefferies Group increased their Q4 2017 earnings per share estimates for HP in a research note issued on Tuesday. Jefferies Group analyst J. Kisner now expects that the firm will post earnings of $0.43 per share for the quarter, up from their prior estimate of $0.42. Jefferies Group currently has a “Hold” rating and a $16.00 target price on the stock. Jefferies Group also issued estimates for HP’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.64 EPS.
Several other research firms also recently weighed in on HPQ. Mizuho reaffirmed a “neutral” rating and issued a $14.00 target price on shares of HP in a research report on Tuesday. Vetr raised HP from a “buy” rating to a “strong-buy” rating and set a $16.84 target price for the company in a research report on Monday, October 17th. Argus reaffirmed a “buy” rating and issued a $15.15 target price (down from $19.00) on shares of HP in a research report on Wednesday, November 30th. Zacks Investment Research downgraded HP from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, Brean Capital reaffirmed a “buy” rating and issued a $20.00 target price on shares of HP in a research report on Monday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.71.
HP (NYSE:HPQ) traded up 1.22% during mid-day trading on Wednesday, hitting $14.97. 8,038,515 shares of the company’s stock traded hands. HP has a one year low of $8.91 and a one year high of $16.25. The stock has a market cap of $25.53 billion, a PE ratio of 10.45 and a beta of 1.54. The firm’s 50-day moving average price is $15.08 and its 200-day moving average price is $14.78.
HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 22nd. The computer maker reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business earned $12.50 billion during the quarter, compared to analyst estimates of $11.89 billion. HP had a net margin of 5.17% and a negative return on equity of 63.67%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share.
Several hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in HP during the third quarter worth approximately $106,000. FineMark National Bank & Trust raised its stake in HP by 2.4% in the third quarter. FineMark National Bank & Trust now owns 7,027 shares of the computer maker’s stock worth $109,000 after buying an additional 168 shares during the last quarter. Virtus Investment Advisers Inc. bought a new stake in HP during the third quarter worth approximately $120,000. Acrospire Investment Management LLC raised its stake in HP by 9.6% in the third quarter. Acrospire Investment Management LLC now owns 8,000 shares of the computer maker’s stock worth $124,000 after buying an additional 700 shares during the last quarter. Finally, Cedar Wealth Management LLC raised its stake in HP by 2.7% in the third quarter. Cedar Wealth Management LLC now owns 8,431 shares of the computer maker’s stock worth $131,000 after buying an additional 220 shares during the last quarter. 78.00% of the stock is currently owned by institutional investors and hedge funds.
In other HP news, insider Ron Coughlin sold 113,503 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $15.78, for a total value of $1,791,077.34. Following the sale, the insider now owns 169,288 shares of the company’s stock, valued at $2,671,364.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kim M. Rivera sold 14,220 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $15.85, for a total value of $225,387.00. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 8th will be issued a $0.1327 dividend. This represents a $0.53 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Monday, March 6th. HP’s dividend payout ratio (DPR) is 37.32%.
HP Company Profile
HP Inc is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The Company operates through three segments: Personal Systems, Printing and Corporate Investments. The Company’s Personal Systems segment provides commercial personal computers (PCs), consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support and services for the commercial and consumer markets.