HP Inc. (HPQ)
| Previous close | 21.19 |
| Open | 21.32 |
| Bid | 0.00 x 2900 |
| Ask | 0.00 x 800 |
| Day's range | 21.26 - 21.94 |
| 52-week range | 12.54 - 23.93 |
| Volume | 15,625,653 |
| Avg. volume | 10,005,975 |
| Market cap | 29.874B |
| Beta (5Y monthly) | 0.99 |
| PE ratio (TTM) | 12.32 |
| EPS (TTM) | 1.77 |
| Earnings date | 22 Feb 2021 - 26 Feb 2021 |
| Forward dividend & yield | 0.70 (3.33%) |
| Ex-dividend date | 08 Sep 2020 |
| 1y target est | 20.39 |
- Motley Fool
HP Inc (HPQ) Q4 2020 Earnings Call Transcript
With me today are Enrique Lores, HP's President and Chief Executive Officer; and Marie Myers, HP's Acting Chief Financial Officer. Before handing the call over to Enrique, let me remind you that this call is being webcast.
- Bloomberg
Dell, HP Report Sales Topping Estimates on Pandemic PC Surge
(Bloomberg) -- Dell Technologies Inc. and HP Inc. reported quarterly revenue that topped Wall Street estimates, lifted by customer upgrades of personal computers for remote work and school during the pandemic.Dell’s sales climbed 2.8% to $23.5 billion in the period that ended Oct. 30, the Round Rock, Texas-based company said Tuesday in a statement. Rival HP reported it shipped a record 19 million PCs in its recent quarter, as well as more home printers than it has sold in years. HP also gave a profit forecast for the current period that beat analysts’ projections and said it would raise its quarterly dividend 10%.Michael Dell and HP Chief Executive Officer Enrique Lores are trying to revamp their PC makers into more profitable businesses. Both companies have taken steps to cut operating expenses during the pandemic, and they produced better-than-projected profits in the October quarter. Billionaire Dell is trying to spur more predictable, recurring revenue by letting corporate clients pay for products over time rather than upfront. Lores, meanwhile, is overseeing a corporate restructuring that will result in lower expenses and a smaller workforce.“We are very optimistic about where the company is going to be going during the next quarters and years,” Lores said in an interview.HP shares gained about 5% in extended trading, helped by the company’s announcement that it would boost the quarterly dividend to 19.38 cents a share. Dell’s stock, which has jumped 37% this year, was little changed after closing at $70.33 in New York.HP’s revenue fell about 1% to $15.3 billion in the period that ended Oct. 31, the Palo Alto, California-based company said in a statement. Analysts, on average, expected $14.7 billion, according to data compiled by Bloomberg. Profit, excluding some items, was 62 cents a share in the fourth fiscal quarter, while analysts projected 52 cents.Adjusted profit in the current quarter will be 64 cents to 70 cents a share, HP said. Analysts, on average, estimated 54 cents.Dell’s sales from consumer PCs jumped 14% to $3.5 billion in the fiscal third quarter, the company said. PC sales to business and government clients increased 5.4% to $8.78 billion. Server and networking sales fell 1.8% to $4.16 billion, the seventh consecutive quarter of year-over-year declines for the unit. Executives said they expect continued “soft” data-center spending in the current period. Storage hardware revenue declined 7% to $3.86 billion.“I’m generally pleased with how the business performed,” Dell Chief Financial Officer Tom Sweet said in an interview. “We’ve got to continue to work our way through the uncertain environment. Given our broad, diversified portfolio, we have an ability to drive a consistent stable cash flow, consistent results.”Dell said that it expected revenue in the current period to increase 3% to 4% compared with the third quarter’s.Sales of HP’s Personal Systems, mostly computers, was little changed from a year earlier at $10.4 billion. Revenue from consumers jumped 24% while business sales decreased 12%. Printing revenue declined 3% to $4.8 billion. The company reported a 21% rise in consumer hardware sales and a 22% drop in hardware revenue from businesses.While corporate customers aren’t buying printers with their offices closed or at reduced capacity, Lores said demand from consumers working at home was so strong that HP shipped 12 million printers in the quarter -- the highest number since the corporate split from Hewlett Packard Enterprise Co. in 2015.(Updates with comments from Dell CFO in the ninth 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.
- Business Wire
ROSEN, A TOP RANKED LAW FIRM, Reminds HP Inc. Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm – HPQ
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of HP Inc. (NYSE: HPQ) between November 6, 2015 and June 21, 2016, inclusive (the "Class Period") of the important January 4, 2021 lead plaintiff deadline in the case. The lawsuit seeks to recover damages for HP investors under the federal securities laws.
