Stock in the Spotlight: HP (NYSE:HPQ)

HP Inc. (NYSE:HPQ) reported earnings for the three months ended April 2016 on May 25, 2016. The company earned $0.41 per share on revenue of $11.59B. Analysts had been modeling earning per share of $0.38 with $11.72B in revenue.

HP Inc. provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to 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 client PCs, tablets, retail point-of-sale systems, calculators and other related accessories, software, support, and services for the commercial and consumer markets. The Printing segment provides consumer and commercial printer hardware, supplies, media, scanning device, and software and services; and laserjet and enterprise, inkjet and printing, graphics, and software and web services. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.

HP Inc. earnings per share showed a decreasing trend of -5.4% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 164%.Analysts project EPS growth over the next 5 years at 1.15%. It has EPS annual decline over the past 5 fiscal years of -7.7% when sales declined -3.9. It reported -10.7% sales drop, and -4.5% EPS decline in the last quarter.

The stock is trading at $12.95, up 48.33% from 52-week low of $8.91. The stock trades down -9.91% from its peak of $14.82 and 8.88% above the consensus price target of $14.1. Its volume clocked up at 13.35 million shares which is higher than the average volume of 12.78 million shares. Its market capitalization currently stands at $21.57B.

Bookmark the permalink.

Comments are closed.