Media headlines about HP (NYSE:HPQ) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HP earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the computer maker an impact score of 47.3051452270014 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- On International Women’s Day HP Invites Girls Everywhere to Tell Their Stories (csrwire.com)
- HP Inc. Announces Cash Tender Offer for Up to $1.75 Billion of Debt Securities (finance.yahoo.com)
- Ex-Dividend Reminder: Hewlett Packard Enterprise, HP and CSG Systems International – Nasdaq (nasdaq.com)
- HP Inc. Announces Cash Tender Offer for Up to $1.75 Billion of Debt Securities – GlobeNewswire (press release) (globenewswire.com)
- Why Is GoPro Optimistic about Reducing Product Prices? (finance.yahoo.com)
HPQ has been the topic of a number of recent analyst reports. Wells Fargo & Co began coverage on HP in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $21.00 price objective on the stock. Maxim Group restated a “hold” rating and set a $25.00 price target on shares of HP in a research report on Wednesday, November 22nd. BMO Capital Markets lifted their price objective on HP to $23.00 and gave the company a “positive” rating in a research note on Wednesday, November 22nd. Deutsche Bank reiterated a “buy” rating and set a $25.00 price objective on shares of HP in a research note on Wednesday, November 22nd. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of HP in a research note on Wednesday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $23.94.
HP (NYSE:HPQ) last announced its earnings results on Thursday, February 22nd. The computer maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $14.52 billion for the quarter, compared to analyst estimates of $13.47 billion. HP had a negative return on equity of 82.30% and a net margin of 7.15%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. research analysts forecast that HP will post 1.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.1393 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, March 13th. HP’s dividend payout ratio is currently 34.36%.
In other news, insider Enrique Lores sold 302,893 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $23.31, for a total transaction of $7,060,435.83. Following the completion of the sale, the insider now owns 88,901 shares in the company, valued at $2,072,282.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kim M. Rivera sold 14,635 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $21.08, for a total transaction of $308,505.80. Following the sale, the insider now owns 79,553 shares of the company’s stock, valued at approximately $1,676,977.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 606,020 shares of company stock valued at $13,597,644. Insiders own 0.25% of the company’s stock.
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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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