HP (NYSE:HPQ) Updates FY25 Earnings Guidance

HP (NYSE:HPQ) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.45-3.75 for the period, compared to the consensus earnings per share estimate of $3.61. HP also updated its FY 2025 guidance to 3.450-3.750 EPS.

HP Stock Performance

HP stock opened at $34.66 on Friday. HP has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The company has a market capitalization 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 stock has a fifty day moving average of $36.56 and a two-hundred day moving average of $35.52.

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

HP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.16 dividend on an annualized basis and a 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 39.15%.

HP declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 28th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the computer maker to repurchase up to 28.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HPQ. Morgan Stanley lowered their price objective on HP from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Citigroup lowered their price target on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday. Barclays raised their target price on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, UBS Group increased their price target on shares of HP from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.32.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 211,501 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $33.16, for a total transaction of $7,013,373.16. Following the transaction, the chief executive officer now owns 3 shares in the company, valued at $99.48. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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.