Zacks: Analysts Expect HP Inc. (NYSE:HPQ) to Announce $1.06 EPS

Analysts expect HP Inc. (NYSE:HPQ – Get Rating) to report earnings per share (EPS) of $1.06 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for HP’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.08. HP reported earnings per share of $0.93 in the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that HP will report full-year earnings of $4.27 per share for the current year, with EPS estimates ranging from $4.20 to $4.35. For the next fiscal year, analysts forecast that the firm 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 research analysts that cover HP.

HP (NYSE:HPQ – Get Rating) last issued its earnings results on Monday, February 28th. The computer maker reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The firm had revenue of $17.03 billion for the quarter, compared to analysts’ expectations of $16.52 billion. HP had a negative return on equity of 164.36% and a net margin of 10.05%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share.

Several research analysts recently commented on the stock. Evercore ISI restated a “buy” rating and issued a $42.00 price target on shares of HP in a report on Friday, February 25th. Morgan Stanley cut shares of HP from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $34.00 to $31.00 in a research report on Thursday, March 31st. StockNews.com lowered HP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. JPMorgan Chase & Co. upped their target price on HP from $38.00 to $40.00 in a research report on Thursday, January 20th. Finally, Barclays dropped their target price on HP from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Thursday, March 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.07.

In related news, insider Harvey Anderson sold 8,939 shares of the stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $36.84, for a total transaction of $329,312.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marie Myers sold 4,500 shares of HP stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $37.43, for a total value of $168,435.00. The disclosure for this sale can be found here. Insiders sold 126,451 shares of company stock worth $4,540,867 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Central Bank & Trust Co. bought a new position in HP during the first quarter valued at approximately $25,000. SouthState Corp acquired a new stake in shares of HP in the third quarter worth about $26,000. Counterpoint Mutual Funds LLC bought a new stake in shares of HP during the 4th quarter worth about $26,000. Equitec Proprietary Markets LLC bought a new position in shares of HP in the 4th quarter valued at approximately $26,000. Finally, Carroll Investors Inc bought a new stake in HP during the fourth quarter worth approximately $26,000. 81.94% of the stock is owned by hedge funds and other institutional investors.

NYSE HPQ opened at $36.63 on Monday. HP has a 1-year low of $26.11 and a 1-year high of $41.47. The firm has a market capitalization of $38.58 billion, a P/E ratio of 6.54, a P/E/G ratio of 2.14 and a beta of 0.99. The business’s 50-day simple moving average is $36.83 and its 200-day simple moving average is $35.76.

About HP (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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