Equities Analysts Offer Predictions for HP Inc.’s Q1 2017 Earnings (HPQ)
HP Inc. (NYSE:HPQ) – Research analysts at Clsa Americas issued their Q1 2017 earnings estimates for HP in a report released on Wednesday. Clsa Americas analyst A. Silver forecasts that the brokerage will post earnings per share of $0.37 for the quarter. Clsa Americas also issued estimates for HP’s Q2 2017 earnings at $0.38 EPS, Q3 2017 earnings at $0.39 EPS, Q4 2017 earnings at $0.42 EPS and FY2017 earnings at $1.57 EPS.
HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 22nd. The computer maker reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm earned $12.50 billion during the quarter, compared to the consensus estimate of $11.89 billion. HP had a negative return on equity of 61.38% and a net margin of 5.17%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share.
Other analysts have also recently issued reports about the company. Credit Suisse Group AG reaffirmed a “buy” rating and set a $19.00 price objective on shares of HP in a research report on Friday, August 12th. Royal Bank Of Canada lifted their price objective on HP from $12.00 to $14.00 and gave the company a “sector perform” rating in a research report on Monday, August 22nd. RBC Capital Markets reaffirmed a “sector perform” rating and set a $14.00 price objective (up from $12.00) on shares of HP in a research report on Monday, August 22nd. Citigroup Inc. lifted their price objective on HP from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, August 25th. Finally, Jefferies Group lifted their price objective on HP from $16.00 to $16.75 and gave the company a “buy” rating in a research report on Thursday, August 25th. Fifteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. HP has an average rating of “Hold” and an average price target of $15.84.
Shares of HP (NYSE:HPQ) opened at 15.08 on Monday. The stock has a 50 day moving average price of $14.93 and a 200 day moving average price of $14.09. HP has a 52 week low of $8.91 and a 52 week high of $16.19. The stock has a market capitalization of $25.80 billion, a P/E ratio of 8.03 and a beta of 1.53.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be issued a dividend of $0.1327 per share. This represents a $0.53 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Monday, December 12th. This is an increase from HP’s previous quarterly dividend of $0.12. HP’s dividend payout ratio is 35.21%.
In other HP news, insider Tracy S. Keogh sold 100,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider now owns 213,582 shares of the company’s stock, valued at approximately $3,203,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.51% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exxonmobil Investment Management Inc. TX increased its position in shares of HP by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 442,791 shares of the computer maker’s stock worth $5,557,000 after buying an additional 22,392 shares during the last quarter. Quotient Investors LLC acquired a new position in shares of HP during the second quarter worth approximately $630,000. Visionary Asset Management Inc. increased its position in shares of HP by 3.0% in the second quarter. Visionary Asset Management Inc. now owns 219,612 shares of the computer maker’s stock worth $2,760,000 after buying an additional 6,466 shares during the last quarter. New Century Advisors LLC increased its position in shares of HP by 28.6% in the second quarter. New Century Advisors LLC now owns 224,800 shares of the computer maker’s stock worth $2,819,000 after buying an additional 50,000 shares during the last quarter. Finally, Adams Asset Advisors LLC increased its position in shares of HP by 9.0% in the second quarter. Adams Asset Advisors LLC now owns 237,390 shares of the computer maker’s stock worth $2,979,000 after buying an additional 19,520 shares during the last quarter. 76.75% of the stock is owned by institutional investors and hedge funds.
HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.
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