HP Inc. (NYSE:HPQ) – Stock analysts at Jefferies Group dropped their Q4 2016 EPS estimates for shares of HP in a note issued to investors on Monday. Jefferies Group analyst J. Kisner now anticipates that the firm will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.36. Jefferies Group currently has a “Buy” rating and a $16.75 target price on the stock.
HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 24th. The computer maker reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. HP had a return on equity of 106.26% and a net margin of 5.41%. The company earned $11.89 billion during the quarter, compared to analyst estimates of $11.44 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. HP’s revenue was down 3.8% on a year-over-year basis.
Several other research analysts also recently commented on HPQ. Deutsche Bank AG reaffirmed a “buy” rating on shares of HP in a research note on Sunday, July 10th. Barclays PLC raised their price objective on HP from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 25th. Vetr raised HP from a “buy” rating to a “strong-buy” rating and set a $16.84 price objective on the stock in a research note on Monday. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $14.00 price objective on shares of HP in a research note on Tuesday, September 13th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of HP in a research note on Thursday, June 23rd. Eighteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.26.
HP (NYSE:HPQ) opened at 14.21 on Tuesday. HP has a one year low of $8.91 and a one year high of $15.88. The stock has a market cap of $24.31 billion, a price-to-earnings ratio of 7.57 and a beta of 1.55. The stock’s 50 day moving average price is $14.88 and its 200 day moving average price is $13.52.
A number of hedge funds have recently made changes to their positions in HPQ. Advisory Services Network LLC boosted its stake in shares of HP by 9.5% in the third quarter. Advisory Services Network LLC now owns 9,316 shares of the computer maker’s stock worth $145,000 after buying an additional 807 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of HP by 25.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,710 shares of the computer maker’s stock worth $172,000 after buying an additional 2,755 shares during the period. Wealthsource Partners LLC acquired a new stake in shares of HP during the first quarter worth $175,000. Wealthfront Inc. boosted its stake in shares of HP by 27.2% in the second quarter. Wealthfront Inc. now owns 17,036 shares of the computer maker’s stock worth $214,000 after buying an additional 3,638 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in shares of HP by 3.4% in the third quarter. Raymond James Trust N.A. now owns 15,483 shares of the computer maker’s stock worth $240,000 after buying an additional 513 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Marie Myers sold 10,269 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $14.55, for a total transaction of $149,413.95. Following the completion of the sale, the insider now directly owns 22,390 shares of the company’s stock, valued at approximately $325,774.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tracy S. Keogh sold 100,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the sale, the insider now directly owns 213,582 shares of the company’s stock, valued at $3,203,730. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.
HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.
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