News coverage about HP (NYSE:HPQ) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HP earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news stories about the computer maker an impact score of 46.1467120612967 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Tests Show Not All Rugged Notebooks Are Created Equal (finance.yahoo.com)
- HP profit jumps three-fold amid U.S. tax overhaul (bnn.ca)
- On International Women’s Day HP Invites Girls Everywhere to Tell Their Stories (csrwire.com)
- HP Inc. Announces Cash Tender Offer for Up to $1.75 Billion of Debt Securities (finance.yahoo.com)
- Ex-Dividend Reminder: Hewlett Packard Enterprise, HP and CSG Systems International – Nasdaq (nasdaq.com)
Several research firms have recently commented on HPQ. ValuEngine lowered HP from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. UBS Group restated a “buy” rating and issued a $28.00 price objective (up from $26.00) on shares of HP in a report on Friday, February 23rd. Susquehanna Bancshares set a $22.00 price objective on shares of HP and gave the company a “hold” rating in a report on Friday, February 23rd. Maxim Group boosted their price target on shares of HP from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $24.00 price target (up from $23.00) on shares of HP in a research note on Friday, February 23rd. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. HP has an average rating of “Buy” and a consensus price target of $23.94.
HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, February 22nd. The computer maker reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The firm had revenue of $14.52 billion during the quarter, compared to analysts’ expectations of $13.47 billion. HP had a negative return on equity of 82.30% and a net margin of 7.15%. HP’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. sell-side analysts anticipate that HP will post 1.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be issued a $0.1393 dividend. This represents a $0.56 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, March 13th. HP’s dividend payout ratio (DPR) is 34.36%.
In related news, insider Enrique Lores sold 302,893 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $23.31, for a total transaction of $7,060,435.83. Following the sale, the insider now owns 88,901 shares of the company’s stock, valued at $2,072,282.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jon E. Flaxman sold 207,806 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $21.58, for a total value of $4,484,453.48. Following the sale, the chief operating officer now directly owns 298,538 shares in the company, valued at approximately $6,442,450.04. The disclosure for this sale can be found here. Insiders sold 591,385 shares of company stock worth $13,289,138 in the last three months. 0.25% of the stock is owned by corporate insiders.
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HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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