Is it time to Buy before this week’s earning report HP Stock Forecast, Price & News (NYSE:HPQ)

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Earnings results for HP Stock Forecast, Price & News (NYSE:HPQ)

HP Inc. is expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.44. The reported EPS for the same quarter last year was $0.58.

HP last announced its earnings results on May 27th, 2020. The computer maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.44 by $0.07. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.78 billion. Its revenue for the quarter was down 11.2% on a year-over-year basis. HP has generated $2.24 earnings per share over the last year and currently has a price-to-earnings ratio of 9.0. HP has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on HP Stock Forecast, Price & News (NYSE:HPQ)

17 Wall Street analysts have issued ratings and price targets for HP in the last 12 months. Their average twelve-month price target is $18.00, predicting that the stock has a possible downside of 1.80%. The high price target for HPQ is $21.00 and the low price target for HPQ is $11.00. There are currently 2 sell ratings, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

HP has received a consensus rating of Hold. The company’s average rating score is 2.06, and is based on 3 buy ratings, 12 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $18.00, HP has a forecasted downside of 1.8% from its current price of $18.33. HP has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: HP Stock Forecast, Price & News (NYSE:HPQ)

HP pays a meaningful dividend of 3.80%, higher than the bottom 25% of all stocks that pay dividends. HP has only been increasing its dividend for 1 years. The dividend payout ratio of HP is 31.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HP will have a dividend payout ratio of 31.25% next year. This indicates that HP will be able to sustain or increase its dividend.

Insiders buying/selling: HP Stock Forecast, Price & News (NYSE:HPQ)

In the past three months, HP insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $1,249,835.00 in company stock and sold $0.00 in company stock. Only 0.28% of the stock of HP is held by insiders. 79.76% of the stock of HP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of HP Stock Forecast, Price & News (NYSE:HPQ

Earnings for HP are expected to grow by 6.67% in the coming year, from $2.10 to $2.24 per share. The P/E ratio of HP is 9.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of HP is 9.03, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 53.56. HP has a PEG Ratio of 5.86. PEG Ratios above 1 indicate that a company could be overvalued.

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