HP (NYSE:HPQ) issued its earnings results on Thursday. The computer maker reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03, RTT News reports. HP had a negative return on equity of 232.81% and a net margin of 6.67%. The firm had revenue of $14.60 billion for the quarter, compared to analysts’ expectations of $14.58 billion. During the same quarter last year, the business earned $0.52 earnings per share. The company’s revenue was up .1% compared to the same quarter last year.
Shares of HPQ stock traded down $0.03 on Thursday, hitting $18.93. The company had a trading volume of 10,530,675 shares, compared to its average volume of 10,454,831. The firm has a market cap of $28.94 billion, a P/E ratio of 9.37, a P/E/G ratio of 2.89 and a beta of 1.40. The stock’s 50-day moving average is $20.44 and its two-hundred day moving average is $20.35. HP has a twelve month low of $18.06 and a twelve month high of $27.08.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.64 annualized dividend and a dividend yield of 3.38%. HP’s payout ratio is 31.68%.
In related news, insider Claire Bramley sold 15,819 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $20.00, for a total transaction of $316,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kim M. Rivera sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $20.53, for a total value of $410,600.00. Following the sale, the insider now directly owns 105,899 shares of the company’s stock, valued at approximately $2,174,106.47. The disclosure for this sale can be found here. In the last three months, insiders sold 213,635 shares of company stock valued at $4,423,266. Insiders own 0.25% of the company’s stock.
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.
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