HPQ - HP Inc.

NYSE - NYSE Delayed price. Currency in USD
14.84
-2.52 (-14.52%)
At close: 4:02PM EDT
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Previous close17.36
Open16.25
Bid14.86 x 3100
Ask14.97 x 4000
Day's range14.61 - 16.67
52-week range12.54 - 23.93
Volume18,425,777
Avg. volume13,206,382
Market cap21.271B
Beta (5Y monthly)1.38
PE ratio (TTM)7.34
EPS (TTM)2.02
Earnings date06 May 2020 - 10 May 2020
Forward dividend & yield0.70 (4.06%)
Ex-dividend date09 Mar 2020
1y target est21.25
  • Coronavirus Crisis Brings Xerox-HP Takeover Battle to End
    Zacks

    Coronavirus Crisis Brings Xerox-HP Takeover Battle to End

    A debt-heavy acquisition of a much larger company seems infeasible to Xerox (XRX) amid coronavirus-led changes in business conditions.

  • Investing.com

    Stocks - U.S. Futures Lower as Virus Victims Mount

    Additionally, gold futures rose 0.6% to $1,606/60oz, while EUR/USD traded at $1.0939, down 0.8%.

  • Bloomberg

    Xerox Ends Its Hostile Pursuit of HP, Finally

    (Bloomberg Opinion) -- It’s finally over.Xerox Holdings Corp. announced late Tuesday that it is abandoning its tender offer to acquire HP Inc., citing the global health crisis from Covid-19 and the ensuing difficult market environment. The maker of photocopiers also called off its effort to enter into a proxy fight to replace HP’s board. It marks the end of a dramatic back-and-forth struggle that began last November, when Xerox began its pursuit of  HP, the second-largest computer maker. HP has repeatedly rejected Xerox’s overtures, including its most recent offer, valued at about $35 billion. But while Xerox is blaming coronavirus, its attempt to take over a company more than three times its size never made much sense in the first place. Not only would it require tens of billions in inherently risky debt financing —  the whole strategy of buying a secularly challenged business and relying primarily on cost savings was never a winner.In February, for example, HP reported a 7% decline in its printer revenue and a 10% drop in printer-hardware unit sales for its fiscal first quarter ended in January. Cost cutting is not going to save this troubled business. Xerox wasn’t much better when it posted a sales decline for its December quarter.Both companies should instead focus on figuring out new growth strategies for their respective businesses, instead of being distracted by M&A and financial engineering.Adding two dinosaurs together was never going to magically make a new tech behemoth.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Xerox to Drop Its Hostile Bid for HP

    (Bloomberg) -- Xerox Holdings Corp. ended its hostile takeover bid for HP Inc. because of uncertainty stemming from the Covid-19 pandemic, marking a blow to the photocopier company’s efforts to stimulate future growth.The Norwalk, Connecticut-based company will withdraw its tender offer to HP shareholders and stop an effort to win a slate of board directors. Xerox believes the underlying logic behind a combination remains sound and may revisit the idea in the future, said a person familiar with the issue who asked not to be identified discussing company deliberations.“The current global health crisis and resulting macroeconomic and market turmoil caused by Covid-19 have created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc.,” Xerox said Tuesday in a statement. “While it is disappointing to take this step, we are prioritizing the health, safety and well-being of our employees, customers, partners and other stakeholders, and our broader response to the pandemic, over and above all other considerations.”HP, the world’s second-largest computer maker, has repeatedly rebuffed Xerox’s cash-and-stock offers, most recently valued at an estimated $35 billion. In the most recent proposal, an HP holder would have received $18.40 in cash and 0.149 Xerox shares. The offer was set to expire April 21.“We remain firmly committed to driving value for HP shareholders,” the Palo Alto, California-based company said in a statement. “We have a healthy cash position and balance sheet that enable us to navigate unanticipated challenges such as the global pandemic now before us, while preserving strategic optionality for the future.”HP had earlier implored shareholders to reject the tender offer and Xerox board nominees, suggesting that a debt-enabled combination would be “disastrous” for the hardware giant in the current economic environment.HP’s shares fell 1.5% in extended trading after closing at $17.36. Xerox’s stock was little-changed after ending Tuesday’s session at $18.94. The news of Xerox’s decision was reported earlier by the Wall Street Journal.Xerox, which has reported falling revenue, had hitched its future to an acquisition. The company expected that combining the companies would yield $2 billion in cost savings and more than $1 billion in additional revenue growth. Both hardware companies invented technologies still in use by consumers and office workers, and have struggled in a world increasingly driven by software.HP’s board characterized Xerox’s offers as undervaluing the company, and said it will return $16 billion to shareholders in an effort to show HP can stand on its own.Xerox criticized HP for failing to enter into substantive talks that could have led to a merger.“The refusal of HP’s Board to meaningfully engage over many months and its continued delay tactics have proven to be a great disservice to HP stockholders, who have shown tremendous support for the transaction,” Xerox said.(Updates with comment from HP in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Xerox abandons $35 billion hostile bid for HP
    Reuters

    Xerox abandons $35 billion hostile bid for HP

    Xerox's decision came after it said earlier this month it would postpone meetings with HP shareholders to focus on coping with the coronavirus pandemic. It represents a victory for HP CEO Enrique Lores, who faced a takeover battle as soon as he took over the reins of the Palo Alto, California-based company in November, and a defeat for Xerox CEO John Visentin, a former Hewlett-Packard and IBM Corp executive with ties to the private equity industry who took over as Xerox CEO in 2018. It is also a blow for billionaire investor Carl Icahn, who owns big stakes in both companies and had pushed for their merger.

  • Investing.com

    Xerox to Walk Away From $35B Takeover Bid for HP - WSJ

    Investing.com - Xerox will reportedly pull its bid to buy rival HP amid concerns about its financial ability to pull off the deal in the wake of the coronavirus-led economic disruptions.

  • The Zacks Analyst Blog Highlights: HP, Stratasys, Ford and Volkswagen
    Zacks

    The Zacks Analyst Blog Highlights: HP, Stratasys, Ford and Volkswagen

    The Zacks Analyst Blog Highlights: HP, Stratasys, Ford and Volkswagen

  • 3 Cheap Dividend Stocks Under $20 to Buy Now for Coronavirus Volatility
    Zacks

    3 Cheap Dividend Stocks Under $20 to Buy Now for Coronavirus Volatility

    Today we dive into three cheap stocks trading under $20 a share that also pay a dividend that investors might want to buy now during coronavirus volatility...

  • Is HP (HPQ) Stock Undervalued Right Now?
    Zacks

    Is HP (HPQ) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • NVIDIA Offers Coronavirus Researchers Free Access to GPU Tech
    Zacks

    NVIDIA Offers Coronavirus Researchers Free Access to GPU Tech

    By offering free access to its GPU-accelerated genome analysis toolkit, Parabricks, to researchers, NVIDIA joins the group of tech companies trying to contain the spread of the coronavirus pandemic.

  • Coronavirus pandemic spurs brisk sales of HP PCs and printers as the nation works from home: CEO
    Yahoo Finance

    Coronavirus pandemic spurs brisk sales of HP PCs and printers as the nation works from home: CEO

    HP CEO Enrique Lores tells Yahoo Finance demand for PCs and printers have been strong as people work from home during the coronavirus pandemic.

  • Stock Market News for Mar 26, 2020
    Zacks

    Stock Market News for Mar 26, 2020

    The Dow and the S&P 500 closed in the positive territory on Wednesday as investors remained hopeful that the U.S. Senate will pass a $2 trillion economic rescue package to boost beaten-down stocks.

  • HP (HPQ) Comes to Coronavirus Rescue With 3D Printed Gears
    Zacks

    HP (HPQ) Comes to Coronavirus Rescue With 3D Printed Gears

    HP (HPQ) is leveraging the 3D printing technology to produce hands-free door openers, face mask adjusters and face shield for health workers attending to coronavirus patients.

  • 5 Top Picks to Tap the Dow and S&P 500's Back-to-Back Rally
    Zacks

    5 Top Picks to Tap the Dow and S&P 500's Back-to-Back Rally

    Stocks have fallen significantly in a short period of time and several of them offer lucrative buying opportunity at this stage.

  • Bloomberg

    HP Urges Investors to Spurn Xerox Takeover

    (Bloomberg) -- HP Inc. again asked shareholders to reject Xerox Holdings Corp.’s takeover offer, saying that a complex merger could be “disastrous” for the personal computer giant amid economic shocks stemming from the Covid-19 pandemic.“Under these circumstances and consistent with our fiduciary duties, we believe that we should not divert valuable time, attention and resources to a dialogue with Xerox about its proposed transaction,” the Palo Alto, California-based company said Wednesday in a letter to investors. “Since Xerox launched its unsolicited exchange offer and nominated directors, the global, social, economic and financial environments have changed radically. Despite this, Xerox continues to advance its tender offer and its proposed slate of directors in an effort to force a combination.”Xerox has sought to acquire HP, the world’s second-largest personal computer maker, for $24 a share in cash and stock, a deal valued at roughly $35 billion. Xerox said this month it would pause its pursuit of HP during the pandemic, but the company planned to resume the effort when the situation improved, Bloomberg News reported. Xerox has launched a tender offer for outstanding shares of HP and also nominated a slate of directors to replace the company’s board.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • HP (HPQ) Down 33.8% Since Last Earnings Report: Can It Rebound?
    Zacks

    HP (HPQ) Down 33.8% Since Last Earnings Report: Can It Rebound?

    HP (HPQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Here's Why Xerox Holdings (XRX) Should be in Your Portfolio
    Zacks

    Here's Why Xerox Holdings (XRX) Should be in Your Portfolio

    Xerox's (XRX) bottom line is benefiting from "Project Own It," an initiative aimed at increasing productivity and efficiency, reducing costs, and realigning business to changing market conditions.

  • Business Wire

    HP INVESTOR DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In HP Inc. To Contact The Firm

    Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in HP Inc. ("HP" or the "Company") (NYSE:HPQ) of the April 20, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

  • Business Wire

    HPQ SHAREHOLDER ALERT –Bronstein, Gewirtz & Grossman, LLC Notifies HP Inc. Investors of Class Action and Encourages Investors to Contact the Firm

    Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against HP Inc. ("HP" or the Company") (NYSE: HPQ) and certain of its officers, on behalf of shareholders who purchased HP securities between February 23, 2017 to October 3, 2019 inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/hpq.

  • I can't believe Best Buy's stock has been drilled amid the coronavirus work-from-home rush
    Yahoo Finance

    I can't believe Best Buy's stock has been drilled amid the coronavirus work-from-home rush

    Best Buy's stores have been packed amid the rush to buy work-from-home gear during the coronavirus pandemic.

  • The Zacks Analyst Blog Highlights: Microsoft, HP, Garmin, Applied Materials and eBay
    Zacks

    The Zacks Analyst Blog Highlights: Microsoft, HP, Garmin, Applied Materials and eBay

    The Zacks Analyst Blog Highlights: Microsoft, HP, Garmin, Applied Materials and eBay

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