HP (NYSE:HPQ) Updates FY25 Earnings Guidance

HP (NYSE:HPQ) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $3.45-3.75 for the period, compared to the consensus EPS estimate of $3.61. HP also updated its FY 2025 guidance to 3.450-3.750 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HPQ shares. TD Cowen raised their target price on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. UBS Group lifted their target price on shares of HP from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Loop Capital dropped their price target on shares of HP from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Finally, Barclays lifted their price objective on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, HP presently has a consensus rating of “Hold” and an average target price of $36.32.

HP Trading Down 11.4 %

NYSE HPQ opened at $34.66 on Thursday. HP has a 1-year low of $27.42 and a 1-year high of $39.79. The company has a 50 day moving average of $36.56 and a 200-day moving average of $35.52. The firm has a market cap of $33.40 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 2.70 and a beta of 1.07.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 266.37% and a net margin of 5.33%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. On average, analysts forecast that HP will post 3.39 earnings per share for the current year.

HP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a dividend of $0.2894 per share. This is an increase from HP’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.16 annualized dividend and a yield of 3.34%. HP’s dividend payout ratio is 38.60%.

HP announced that its board has authorized a stock repurchase plan on Wednesday, August 28th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the computer maker to reacquire up to 28.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 211,501 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $33.16, for a total transaction of $7,013,373.16. Following the sale, the chief executive officer now directly owns 3 shares of the company’s stock, valued at $99.48. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

About HP

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.