HP Inc(NYSE:HPQ) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $12.684B. Analysts estimated a revenue of $11.820B. The revenues were 7.31% above the estimates. Earnings per share were $0.38. The reported EPS was above estimates by 2.7%. Analysts had estimated an EPS of $0.37.
In a different note, On Jan 19, 2017, UBS said it Upgrades its rating on HP Inc. The shares have been rated ‘Buy’ by the firm.
HP Inc (HPQ) made into the market gainers list on Wednesdays trading session with the shares advancing 0.43% or 0.07 points. Due to strong positive momentum, the stock ended at $16.2, which is also near the day’s high of $16.24. The stock began the session at $16.09 and the volume stood at 1,66,54,221 shares. The 52-week high of the shares is $16.41 and the 52 week low is $9.95. The company has a current market capitalization of $27,391 M and it has 1,69,07,82,000 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Feb 10, 2017, Enrique Lores (President, PSS) sold 4,145 shares at $15.01 per share price.Also, On Dec 15, 2016, Kim M Rivera (Chief Legal Officer, GC & Sec) sold 14,220 shares at $15.85 per share price.On Dec 8, 2016, Ron Coughlin (President, Personal Systems) sold 113,503 shares at $15.78 per share price, according to the Form-4 filing with the securities and exchange commission.
HP Inc. formerly Hewlett-Packard Company is a provider of products technologies software solutions and services to individual consumers small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems Printing the Enterprise Group Enterprise Services Software HP Financial Services and Corporate Investments. It offers personal computing and other access devices; imaging and printing related products and services; enterprise information technology (IT) infrastructure including enterprise server and storage technology networking products and solutions technology support and maintenance; multi-vendor customer services including technology consulting outsourcing and support services across infrastructure applications and business process domains and software products and solution including application testing and delivery software big data analytics information governance and IT Operations Management.