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MarketScreener Homepage  >  Equities  >  Nyse  >  HP Inc    HPQ

HP INC (HPQ)
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HP : Forecasts a Good 2018 for Profit

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10/13/2017 | 02:14am CEST
By Maria Armental and Rachael King 

HP Inc. expects 2018 to be another good year, with profit projections beating Wall Street expectations, and it's pledging to continue to return most of its cash to shareholders.

The high return rate, in the form of dividends and share buybacks, has driven the company's shares through leaner times.

On Thursday, HP said it expects to generate at least $3 billion in free cash flow, the amount remaining after capital expenditures, and pledged to continue passing on to shareholders 50% to 75% of that money.

The board also approved a 5% increase in the quarterly dividend.

Over all, HP expects profit to reach $1.69 to $1.79 a share next year, or $1.74 to $1.84 on an adjusted basis, compared with analysts' projected $1.66 a share, or $1.76 a share on an adjusted basis.

The company has been gaining market share in world-wide PC shipments, and battling for the title of largest maker of personal computers with Lenovo Group Ltd., while focusing on higher-profit segments like gaming and convertible laptops.

"Our business is focused on driving profitable share," Chief Financial Officer Cathie Lesjak said on a conference call Thursday. "There is no question this is good, strong, profitable share."

Chief Executive Dion Weisler said, "If you were to roll the tapes back to my very first security analyst meeting five years ago, I stood on stage and said, we don't take share for share's sake. That's something that's like prime directive across this organization."

Formed in 2015, HP is the PC-and-printer business once part of Hewlett-Packard, the technology pioneer that Bill Hewlett and Dave Packard famously started in their Palo Alto, Calif., garage in 1939.

Shares, up 37% this year, closed down a penny Thursday at $20.40.

Write to Maria Armental at maria.armental@wsj.com and Rachael King at rachael.king@wsj.com

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Financials ($)
Sales 2018 57 618 M
EBIT 2018 4 244 M
Net income 2018 4 595 M
Debt 2018 989 M
Yield 2018 2,35%
P/E ratio 2018 8,54
P/E ratio 2019 11,56
EV / Sales 2018 0,69x
EV / Sales 2019 0,66x
Capitalization 38 636 M
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Technical analysis trends HP INC
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 25,3 $
Spread / Average Target 6,4%
EPS Revisions
Managers
NameTitle
Dion J. Weisler President, Chief Executive Officer & Director
Charles Victor Bergh Independent Chairman
Catherine A. Lesjak Chief Operating Officer
Steven Fieler Chief Financial Officer
Shane D. Wall Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
HP INC14.18%38 636
HEWLETT PACKARD ENTERPRISE10.38%23 996
SEAGATE TECHNOLOGY PLC21.92%14 612
LOGITECH INTERNATIONAL38.78%7 914
LEGEND HOLDINGS CORP-33.15%7 026
LENOVO GROUP LIMITED1.35%6 827