Brokerages Anticipate HP Inc. (NYSE:HPQ) to Announce $1.06 EPS

Wall Street brokerages expect HP Inc. (NYSE:HPQGet Rating) to post $1.06 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for HP’s earnings, with estimates ranging from $1.05 to $1.08. HP reported earnings per share of $0.93 in the same quarter last year, which suggests a positive year over year growth rate of 14%. The company is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that HP will report full year earnings of $4.26 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.31. For the next financial year, analysts expect that the company will post earnings of $4.44 per share, with EPS estimates ranging from $4.24 to $4.60. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover HP.

HP (NYSE:HPQGet Rating) last posted its earnings results on Monday, February 28th. The computer maker reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. HP had a negative return on equity of 164.36% and a net margin of 10.05%. The business had revenue of $17.03 billion during the quarter, compared to the consensus estimate of $16.52 billion. During the same period in the previous year, the business earned $0.92 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis.

Several analysts have recently weighed in on HPQ shares. Evercore ISI reissued a “buy” rating and issued a $42.00 target price on shares of HP in a report on Friday, February 25th. UBS Group downgraded HP from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a report on Friday, April 8th. Barclays reduced their target price on HP from $30.00 to $29.00 and set an “underweight” rating for the company in a report on Thursday, March 31st. Morgan Stanley cut HP from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $34.00 to $31.00 in a research report on Thursday, March 31st. Finally, JPMorgan Chase & Co. boosted their price target on HP from $38.00 to $40.00 in a research report on Thursday, January 20th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, HP currently has an average rating of “Hold” and an average price target of $36.07.

In other news, insider Harvey Anderson sold 8,939 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $36.84, for a total transaction of $329,312.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alex Cho sold 53,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $35.11, for a total value of $1,891,516.14. The disclosure for this sale can be found here. Insiders have sold a total of 126,451 shares of company stock worth $4,540,867 in the last three months. Corporate insiders own 0.22% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HPQ. Norges Bank purchased a new stake in HP in the 4th quarter valued at approximately $454,451,000. Wedge Capital Management L L P NC purchased a new stake in HP in the 4th quarter valued at approximately $65,033,000. Pacer Advisors Inc. lifted its stake in HP by 183.9% in the 1st quarter. Pacer Advisors Inc. now owns 2,133,518 shares of the computer maker’s stock valued at $77,447,000 after buying an additional 1,381,919 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in HP in the 4th quarter valued at approximately $45,704,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in HP by 6.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,708,669 shares of the computer maker’s stock valued at $511,869,000 after buying an additional 1,075,822 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HP stock traded up $0.96 on Monday, hitting $38.43. The stock had a trading volume of 12,585,435 shares, compared to its average volume of 14,670,779. HP has a 52-week low of $26.11 and a 52-week high of $41.47. The stock has a market cap of $40.48 billion, a price-to-earnings ratio of 6.86, a P/E/G ratio of 2.20 and a beta of 0.99. The company’s 50 day moving average price is $36.77 and its 200 day moving average price is $35.06.

HP Company Profile (Get Rating)

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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