HP (NYSE:HPQ – Get Free Report) up to date its fourth quarter earnings steerage on Wednesday. The corporate supplied earnings per share (EPS) steerage of $0.89-0.99 for the interval, in comparison with the consensus estimate of $0.95. HP additionally up to date its FY 2024 steerage to three.350-3.450 EPS.
Analysts Set New Worth Targets
Quite a few analysis corporations have commented on HPQ. JPMorgan Chase & Co. boosted their goal value on HP from $38.00 to $42.00 and gave the inventory an obese ranking in a analysis report on Friday, August twenty third. Wells Fargo & Firm upped their goal value on HP from $25.00 to $30.00 and gave the corporate an underweight ranking in a analysis be aware on Thursday, Might thirtieth. UBS Group upped their value goal on HP from $34.00 to $37.00 and gave the inventory a impartial ranking in a analysis be aware on Thursday. TD Cowen upped their goal value on HP from $30.00 to $32.00 and gave the inventory a maintain ranking in a analysis report on Thursday, Might thirtieth. Lastly, Financial institution of America upped their goal value on HP from $35.00 to $37.00 and gave the inventory a purchase ranking in a analysis report on Thursday, Might thirtieth. One analysis analyst has rated the inventory with a promote ranking, 5 have assigned a maintain ranking and 7 have assigned a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat, HP presently has a consensus ranking of Maintain and a consensus value goal of $35.09.
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HP Inventory Up 0.8 %
NYSE:HPQ traded up $0.27 throughout buying and selling hours on Thursday, reaching $35.03. 1,745,548 shares of the inventory had been exchanged, in comparison with its common quantity of seven,759,694. The agency has a 50 day easy shifting common of $35.53 and a 200-day easy shifting common of $32.34. HP has a 52 week low of $25.22 and a 52 week excessive of $39.52. The inventory has a market capitalization of $34.28 billion, a P/E ratio of 11.38, a P/E/G ratio of two.24 and a beta of 1.09.
HP (NYSE:HPQ – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, August twenty eighth. The pc maker reported $0.83 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.86 by ($0.03). The corporate had income of $13.52 billion for the quarter, in comparison with analyst estimates of $13.37 billion. HP had a detrimental return on fairness of 230.39% and a internet margin of 5.60%. The agency’s income for the quarter was up 2.4% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the corporate posted $0.86 earnings per share. As a bunch, analysts anticipate that HP will submit 3.45 earnings per share for the present yr.
HP Broadcasts Dividend
The agency additionally just lately introduced a quarterly dividend, which will likely be paid on Wednesday, October 2nd. Buyers of document on Wednesday, September eleventh will likely be given a $0.2756 dividend. This represents a $1.10 annualized dividend and a yield of three.15%. The ex-dividend date of this dividend is Wednesday, September eleventh. HP’s dividend payout ratio is at the moment 37.16%.
Insider Exercise at HP
In associated information, insider Alex Cho offered 173,137 shares of the agency’s inventory in a transaction that occurred on Friday, June twenty first. The inventory was offered at a mean value of $36.11, for a complete worth of $6,251,977.07. Following the sale, the insider now straight owns 64,676 shares within the firm, valued at roughly $2,335,450.36. The transaction was disclosed in a authorized submitting with the SEC, which might be accessed by means of this hyperlink. 0.41% of the inventory is owned by insiders.
About HP
HP Inc supplies merchandise, applied sciences, software program, options, and companies to particular person customers, small- and medium-sized companies, and enormous enterprises, together with clients within the authorities, well being, and training sectors worldwide. It operates by means of Private Methods and Printing segments. The Private Methods phase provides business private computer systems (PCs), client PCs, workstations, skinny shoppers, business tablets and mobility gadgets, retail point-of-sale programs, shows and different associated equipment, software program, help, and companies for the business and client markets.
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