HP (NYSE:HPQ) Updates FY 2025 Earnings Guidance

HP (NYSE:HPQ) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.450-3.750 for the period, compared to the consensus earnings per share estimate of 3.600. The company issued revenue guidance of -. HP also updated its FY25 guidance to $3.45-3.75 EPS.

Analysts Set New Price Targets

Several research analysts have issued reports on HPQ shares. HSBC cut HP from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $38.00 in a research report on Friday. Citigroup reduced their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley lowered their target price on shares of HP from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Loop Capital decreased their price target on HP from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Finally, Bank of America downgraded HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, HP currently has a consensus rating of “Hold” and an average target price of $36.77.

HP Stock Down 11.4 %

HPQ stock opened at $34.66 on Friday. The company has a market cap of $33.40 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 2.40 and a beta of 1.07. The business has a fifty day simple moving average of $36.56 and a 200-day simple moving average of $35.52. HP has a 52 week low of $27.42 and a 52 week high of $39.79.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. As a group, analysts expect that HP will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from HP’s previous quarterly dividend of $0.28. HP’s dividend payout ratio (DPR) is currently 39.15%.

HP announced that its board has initiated a stock buyback program on Wednesday, August 28th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the computer maker to buy up to 28.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 211,501 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $33.16, for a total value of $7,013,373.16. Following the transaction, the chief executive officer now directly owns 3 shares of the company’s stock, valued at $99.48. This represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in 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 clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.