HP (HPQ) Receives Daily Coverage Optimism Score of 0.02
News stories about HP (NYSE:HPQ) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news 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 daily sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the computer maker an impact score of 41.9441816771426 out of 100, indicating 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 news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Investors can’t just brush off: LendingClub Corporation (LC), HP Inc. (HPQ) – Market Movers (financialqz.com)
- HP, Inc. – Strong Buy On PC Sales Data – Seeking Alpha (seekingalpha.com)
- See what the IHS Markit Score report has to say about HP Inc. (finance.yahoo.com)
- How Hewlett Packard Enterprise Performed in 2017 (finance.yahoo.com)
- Do What Insiders Does: KeyCorp (KEY), HP Inc. (HPQ) – Market Movers (financialqz.com)
A number of analysts have recently commented on the company. Maxim Group reissued a “hold” rating and issued a $25.00 price objective on shares of HP in a research note on Wednesday, November 22nd. Wells Fargo & Co assumed coverage on HP in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $21.00 price objective on the stock. Bank of America boosted their price objective on HP from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Royal Bank of Canada reaffirmed a “hold” rating on shares of HP in a research report on Wednesday, November 22nd. Finally, Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, October 10th. Twelve analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.31.
HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. HP’s revenue for the quarter was up 11.3% compared to the same quarter last year. analysts anticipate that HP will post 1.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were issued a dividend of $0.1393 per share. This is an increase from HP’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.43%. HP’s payout ratio is currently 37.84%.
In other news, COO Jon E. Flaxman sold 271,968 shares of HP stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $21.34, for a total transaction of $5,803,797.12. Following the transaction, the chief operating officer now owns 243,096 shares in the company, valued at $5,187,668.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dion J. Weisler sold 525,719 shares of HP stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $21.22, for a total value of $11,155,757.18. Following the transaction, the insider now owns 865,216 shares in the company, valued at approximately $18,359,883.52. The disclosure for this sale can be found here. Insiders have sold 1,232,677 shares of company stock worth $26,304,727 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.
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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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