HP (HPQ) Expected to Announce Earnings on Thursday

HP (NYSE:HPQ - Get Free Report) is expected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect HP to post earnings of $0.74 per share and revenue of $13.35 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts' consensus estimates of $0.93. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, analysts expect HP to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

HP Stock Down 0.3 %

NYSE:HPQ traded down $0.09 on Friday, hitting $34.63. The stock had a trading volume of 7,213,953 shares, compared to its average volume of 5,152,363. The company has a fifty day moving average price of $33.10 and a two-hundred day moving average price of $34.83. HP has a 1-year low of $27.42 and a 1-year high of $39.79. The stock has a market cap of $32.48 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 2.96 and a beta of 1.05.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's dividend payout ratio is presently 41.28%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HPQ shares. Citigroup lowered their price target on HP from $37.00 to $36.50 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Hsbc Global Res downgraded shares of HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Sanford C. Bernstein upped their price target on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Barclays raised their price target on HP from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Finally, TD Cowen lifted their price objective on shares of HP from $32.00 to $39.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, HP presently has a consensus rating of "Hold" and an average target price of $36.68.

Insider Activity

In other news, insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex Cho sold 10,298 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is currently owned by insiders.

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.