News coverage about HP (NYSE:HPQ) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. HP earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the computer maker an impact score of 46.1467120612967 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- HP, Inc. (HPQ) Tops Q1 EPS by 6c, Revenue Beats, Lifts Guidance (streetinsider.com)
- HP Introduces World’s Smallest Laser Printer in its Class to Fit Any Personal Workspace (it.tmcnet.com)
- [$$] AT Kearney names company veteran Alex Liu as new chairman (finance.yahoo.com)
- INTEGRASYS introduces Alusat, powerful remote maintenance product for VT iDirect customers (prweb.com)
- HP Inc (HPQ) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
HPQ has been the topic of several recent research reports. Maxim Group raised their price target on HP from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Royal Bank of Canada restated a “buy” rating and issued a $28.00 target price on shares of HP in a research report on Friday, February 23rd. Zacks Investment Research cut HP from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Barclays cut HP from an “overweight” rating to an “equal weight” rating and set a $23.00 price target on the stock. in a research report on Wednesday, January 17th. Finally, Guggenheim reiterated a “hold” rating on shares of HP in a research report on Tuesday, February 20th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. HP currently has an average rating of “Buy” and an average target price of $23.94.
HP (NYSE:HPQ) last announced its earnings results on Thursday, February 22nd. The computer maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The business had revenue of $14.52 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.38 EPS. equities research analysts predict that HP will post 1.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, March 13th. HP’s payout ratio is 24.45%.
In related news, COO Jon E. Flaxman sold 207,806 shares of the company’s 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 completion of the sale, the chief operating officer now owns 298,538 shares in the company, valued at approximately $6,442,450.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Marie Myers sold 10,000 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $21.20, for a total transaction of $212,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 545,699 shares of company stock valued at $12,306,389 in the last quarter. Corporate insiders own 0.25% of the company’s stock.
HP Company Profile
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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