HP Company Profile (NYSE:HPQ)

HP trades on the New York Stock Exchange (NYSE) under the ticker symbol "HPQ."

HP declared a quarterly dividend on Thursday, May 18th. Investors of record on Wednesday, June 14th will be given a dividend of $0.1327 per share on Wednesday, July 5th. This represents a $0.53 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Monday, June 12th. View HP's Dividend History.

HP Inc (NYSE:HPQ) posted its quarterly earnings data on Wednesday, May, 24th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The company earned $12.40 billion during the quarter, compared to analyst estimates of $11.93 billion. HP had a net margin of 5.17% and a negative return on equity of 63.67%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. View HP's Earnings History.

HP updated its FY17 earnings guidance on Wednesday, May, 24th. The company provided earnings per share (EPS) guidance of $1.59-1.66 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.62. HP also updated its Q3 guidance to $0.40-0.43 EPS.

22 brokerages have issued 12-month price targets for HP's stock. Their predictions range from $12.00 to $22.00. On average, they anticipate HP's share price to reach $19.00 in the next twelve months. View Analyst Ratings for HP.

Here are some recent quotes from research analysts about HP stock:

• 1. According to Zacks Investment Research, "The recently released PC shipment data by IDC depicts that HP’s restructuring initiatives such as focus on product innovations, pricing, marketing and sales activities, divestment of non-core assets and cutting jobs to lower costs, are paying off. HP, as per the data compiled by IDC, witnessed year-over-year shipment growth for the fourth quarter in a row after registering fall for consecutive five quarters. Furthermore, with the start of shipping A3 multifunction printers to more than 80 countries which will cover all key markets, will help HP in reviving its printing business as well as provide opportunity to grab a bigger share in the inkjet printer market. Also, acquisition of Samsung’s printing business will further support the development and manufacturing of printers. Nonetheless, pricing pressure due to intense competition remains a major concern. Moreover, a tepid IT spending environment adds to its woes." (4/26/2017)
• 2. Wells Fargo & Co analysts commented, "We recently hosted investor meetings with HPQ IR and also attended HPQ's print event in Barcelona with presentations by Enrique Lores, Stephen Nigro, and members of their leadership team as well as a tour of HPQ's facilities and products (including new products shipping this year). We thought management's tone was very confident in both delivering supplies growth on a reported basis by FQ3, in constant currency (which we believe is not well understood by the Street), and in driving growth through innovative products (which we feel more confident about having seen its upcoming products). We maintain our view that mix shifts occurring in the businesses should help to drive margin expansion above Street expectations in F18, all else equal." (3/23/2017)
• 3. Royal Bank of Canada analysts commented, "All You Need To Know: The focus during discussions centered around 1) Printing dynamics and confidence in returning to flat y/y revenues in supplies; 2) PC market dynamics; 3) Component pricing (DRAM/NAND); 4) Recent Samsung printing acquisition/contribution; 5) FCF and capital allocation. Fundamentally, we believe a confluence of tailwinds could abate y/y revenue declines through FY17 and eventually result in potential y/y revenue growth in 2018. From a FCF yield perspective, HPQ continues to be one of the more attractive names in our coverage with an ~10% yield. Maintain Sector Perform and raising PT to $18 from $17. \" (3/13/2017)
• 4. Jefferies Group LLC analysts commented, "FQ1 results were solid, with a nice revenue beat and modest EPS beat as well; weak gross margin driven by currency and component supply tighthess prevented incremental leverage on expenses. Notebooks, Printer Hardware and Supplies all performed well. Guidance was OK. We liked the continued improvement in execution but are still looking for another entry point. Q1 Beat. Q1 (Jan) revenue reached $12.68B (+5%Y/Y in CC), beating the Street's $11.83B. Q1 EPS reached $0.38 vs. Consensus of $0.37. Lower-than-expected gross margin of 17.7% vs. the Street's 18.5% prevented significant incremental leverage on expenses despite the revenue upside." (2/23/2017)
• 5. BMO Capital Markets analysts commented, "HP Inc. reported positive headline results, and guidance that was largely in line with our/consensus view. Revenue impressed, as both segments beat expectations. PCs showed particular strength, as sales were up 10%'the highest growth rate since 2014. We are updating our PC model with a more moderate outlook for unit declines in 2016 and 2017, but remain on the sidelines on HPQ because challenges in both end markets will prevail. Our FY2017 EPS estimate goes to $1.60 from $1.62, while our FY2018 EPS estimate of $1.68 is unchanged' Revenue was $12.7 billion, well above our/consensus estimates of $12.0 billion/$11.8 billion as both segments outperformed in the quarter. EPS of $0.38 beat our/consensus estimates of $0.36/$0.37, and came in at the high end of guidance." (2/23/2017)

HP saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 31,681,052 shares, an increase of 24.2% from the April 28th total of 25,507,056 shares. Based on an average daily volume of 8,308,259 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.9% of the shares of the stock are sold short.

Some companies that are related to HP include Paypal Holdings (PYPL), ASML Holding NV (ASML), T-Mobile US (TMUS), America Movil SAB de CV (AMX), Applied Materials (AMAT), Yahoo! (YHOO), Orange SA (ORAN), Relx PLC (RELX), Relx NV (RENX), VMware (VMW), Cognizant Technology Solutions Corp (CTSH), NetEase (NTES), Canon (CAJ), Nokia Oyj (NOK), Infosys Ltd (INFY), Intuit (INTU), China Unicom (Hong Kong) Limited (CHU) and Sprint Corp (S).

HP's stock is owned by many different of institutional and retail investors. Top institutional investors include DODGE & COX (8.20%), Vanguard Group Inc. (7.19%), State Street Corp (4.70%), Primecap Management Co. CA (3.77%), FMR LLC (2.67%) and American International Group Inc. (1.72%). Company insiders that own HP stock include Catherine A Lesjak, Henry Gomez, Jeff T Ricci, Kim M Rivera, Marie Myers, Martin Fink, Rajiv Gupta, Robert Youngjohns, Ron Coughlin, Shumeet Banerji and Tracy S Keogh. View Institutional Ownership Trends for HP.

HP's stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Pzena Investment Management LLC, FMR LLC, FIL Ltd, Parametric Portfolio Associates LLC, AXA, Credit Agricole S A and Oldfield Partners LLP. Company insiders that have sold HP stock in the last year include Catherine A Lesjak, Kim M Rivera, Marie Myers, Ron Coughlin and Tracy S Keogh. View Insider Buying and Selling for HP.

HP's stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, DnB Asset Management AS, Morgan Stanley, Primecap Management Co. CA, Vanguard Group Inc., TIAA CREF Investment Management LLC, Boston Partners and Aberdeen Asset Management PLC UK. View Insider Buying and Selling for HP.

Shares of HP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of HP stock can currently be purchased for approximately $18.47.