Will stock surge before Earnings results? HP (NYSE:HPQ)

Earnings results for HP (NYSE:HPQ)

HP Inc. is expected* to report earnings on 02/25/2021 after market close. The report will be for the fiscal Quarter ending Jan 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.65. The reported EPS for the same quarter last year was $0.65.

HP last released its quarterly earnings data on November 23rd, 2020. The computer maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. The business earned $15.26 billion during the quarter, compared to analysts’ expectations of $14.55 billion. HP has generated $2.28 earnings per share over the last year and currently has a price-to-earnings ratio of 13.6. HP has confirmed that its next quarterly earnings report will be published on Thursday, February 25th, 2021. HP will be holding an earnings conference call on Thursday, February 25th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on HP (NYSE:HPQ)

18 Wall Street analysts have issued ratings and price targets for HP in the last 12 months. Their average twelve-month price target is $20.97, predicting that the stock has a possible downside of 22.67%. The high price target for HPQ is $30.00 and the low price target for HPQ is $11.00. There are currently 3 sell ratings, 9 hold ratings and 6 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 2.17, and is based on 6 buy ratings, 9 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $20.97, HP has a forecasted downside of 22.7% from its current price of $27.12. HP has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: HP (NYSE:HPQ)

HP pays a meaningful dividend of 2.88%, 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 34.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HP will have a dividend payout ratio of 26.09% next year. This indicates that HP will be able to sustain or increase its dividend.

Insiders buying/selling: HP (NYSE:HPQ)

In the past three months, HP insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,231,559.00 in company stock. Only 0.25% of the stock of HP is held by insiders. 80.58% 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 (NYSE:HPQ

Earnings for HP are expected to grow by 11.99% in the coming year, from $2.67 to $2.99 per share. The P/E ratio of HP is 13.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 32.79. The P/E ratio of HP is 13.56, 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 73.68. HP has a PEG Ratio of 1.77. PEG Ratios above 1 indicate that a company could be overvalued.

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