HP (NYSE:HPQ – Get Rating) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.79-0.89 for the period, compared to the consensus earnings per share estimate of $1.06. HP also updated its FY 2022 guidance to $4.02-$4.12 EPS.
HP Trading Down 1.4 %
Shares of HPQ stock traded down $0.43 during trading hours on Tuesday, hitting $31.10. The company’s stock had a trading volume of 14,525,430 shares, compared to its average volume of 11,734,642. The business has a fifty day moving average of $32.98 and a 200-day moving average of $35.46. The stock has a market cap of $32.16 billion, a price-to-earnings ratio of 5.59, a P/E/G ratio of 1.83 and a beta of 0.92. HP has a twelve month low of $26.11 and a twelve month high of $41.47.
HP (NYSE:HPQ – Get Rating) last announced its quarterly earnings results on Tuesday, May 31st. The computer maker reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $16.49 billion for the quarter, compared to analyst estimates of $16.19 billion. HP had a net margin of 9.61% and a negative return on equity of 188.59%. HP’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. On average, equities analysts expect that HP will post 4.28 EPS for the current fiscal year.
HP Dividend Announcement
Ad Tradewins
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.
And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, September 13th. HP’s dividend payout ratio is presently 17.99%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on HPQ shares. JPMorgan Chase & Co. dropped their price target on shares of HP from $39.00 to $36.00 and set a neutral rating on the stock in a research note on Thursday, July 14th. Wells Fargo & Company downgraded shares of HP from an equal weight rating to an underweight rating and dropped their price target for the stock from $35.00 to $30.00 in a research note on Friday, August 19th. StockNews.com raised shares of HP from a hold rating to a buy rating in a report on Tuesday, August 23rd. Barclays raised their price objective on shares of HP from $29.00 to $32.00 and gave the stock an underweight rating in a report on Wednesday, June 1st. Finally, Credit Suisse Group assumed coverage on shares of HP in a report on Tuesday, August 16th. They set an outperform rating and a $39.00 price objective for the company. Four analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $37.08.
Insider Transactions at HP
In other news, CEO Enrique Lores sold 34,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $32.67, for a total transaction of $1,110,780.00. Following the sale, the chief executive officer now directly owns 551,204 shares in the company, valued at approximately $18,007,834.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Marie Myers sold 6,219 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $38.95, for a total value of $242,230.05. Following the completion of the transaction, the chief financial officer now directly owns 22,500 shares of the company’s stock, valued at approximately $876,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Enrique Lores sold 34,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $32.67, for a total value of $1,110,780.00. Following the completion of the transaction, the chief executive officer now directly owns 551,204 shares of the company’s stock, valued at $18,007,834.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,719 shares of company stock worth $1,828,345. 0.22% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On HP
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC bought a new position in HP during the 1st quarter valued at $341,000. Fund Management at Engine No. 1 LLC bought a new stake in shares of HP during the 1st quarter worth $333,000. Interchange Capital Partners LLC boosted its stake in shares of HP by 27.5% during the 1st quarter. Interchange Capital Partners LLC now owns 8,940 shares of the computer maker’s stock worth $324,000 after acquiring an additional 1,930 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of HP during the 1st quarter worth $312,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of HP during the 1st quarter worth $309,000. 81.17% of the stock is owned by institutional investors.
HP Company Profile
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider HP, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and HP wasn’t on the list.
While HP currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from NYSE Updates – My Blog https://ift.tt/GMf6aRw
via IFTTT
No comments:
Post a Comment