HP (NYSE:HPQ) released its quarterly earnings data on Tuesday. The computer maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02, RTT News reports. HP had a negative return on equity of 265.02% and a net margin of 7.18%. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.29 billion. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year.
Shares of HPQ traded down $0.09 during midday trading on Tuesday, reaching $20.06. The stock had a trading volume of 17,443,429 shares, compared to its average volume of 11,601,073. The company’s 50-day moving average is $18.20 and its 200 day moving average is $19.24. HP has a 12-month low of $15.93 and a 12-month high of $24.17. The company has a market capitalization of $29.55 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 3.90 and a beta of 1.41.
The firm 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 $0.176 per share. This represents a $0.70 annualized dividend and a yield of 3.51%. This is a boost from HP’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, December 10th. HP’s payout ratio is presently 31.68%.
In other news, insider Christoph Schell sold 60,121 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $20.17, for a total value of $1,212,640.57. Following the completion of the transaction, the insider now directly owns 179,029 shares in the company, valued at approximately $3,611,014.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently 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.
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