HP (HPQ) Announces Earnings Results, Beats Estimates By $0.02 EPS

HP (NYSE:HPQ) released its quarterly earnings results on Thursday. The computer maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02, RTT News reports. HP had a net margin of 7.15% and a negative return on equity of 216.97%. The business had revenue of $14.04 billion for the quarter, compared to analyst estimates of $13.97 billion. During the same period last year, the firm earned $0.48 earnings per share. HP’s revenue for the quarter was up .2% compared to the same quarter last year.

HPQ stock traded down $0.01 during mid-day trading on Thursday, hitting $19.19. The stock had a trading volume of 14,646,800 shares, compared to its average volume of 11,411,852. HP has a 52 week low of $18.06 and a 52 week high of $27.08. The firm has a market cap of $29.81 billion, a P/E ratio of 9.50, a P/E/G ratio of 3.22 and a beta of 1.38.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a $0.1602 dividend. This represents a $0.64 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, June 11th. HP’s dividend payout ratio is currently 31.68%.

In related news, CEO Dion J. Weisler sold 36,799 shares of HP stock in a transaction that occurred on 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 document filed with the SEC, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

A number of equities analysts recently commented on the stock. Bank of America lowered shares of HP from a “buy” rating to an “underperform” rating and set a $19.00 price target on the stock. in a research report on Thursday, February 28th. BMO Capital Markets reissued a “hold” rating and issued a $22.00 target price on shares of HP in a report on Wednesday, February 27th. Zacks Investment Research raised shares of HP from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. ValuEngine raised shares of HP from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Credit Suisse Group began coverage on shares of HP in a report on Thursday, April 11th. They issued a “neutral” rating and a $21.00 target price on the stock. Two investment 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.71.

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About HP

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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Earnings History for HP (NYSE:HPQ)

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