Stock Monitor: Dell Technologies Post Earnings Reporting
LONDON, UK / ACCESSWIRE / January 02, 2018 / Active-Investors.com has just released a free earnings report on HP Inc. (NYSE: HPQ). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HPQ. The Company posted its financial results on November 21, 2017, for the fourth quarter of the fiscal year 2017. The technology Company's revenue surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Dell Technologies Inc. (NYSE: DVMT), which also belongs to the Technology sector as the Company HP Inc. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, HP Inc. most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the three months ended October 31, 2017, HP's net revenue increased 11%, or 12% on a constant currency basis, to $13.93 billion from $12.51 billion in Q4 FY16. The Company's net revenue numbers surpassed analysts' expectations of $13.25 billion.
During FY17, the Company's net revenue increased 8% to $52.06 billion from $48.24 billion in FY16.
During Q4 FY17, HP's operating income increased 34.2% to $890 million from $663 million in the same period of last year. For the reported quarter, the Company's operating margin increased 110 basis points to 6.4% of revenue from 5.3% of revenue in Q4 FY16.
During FY17, HP's operating income decreased 0.8% to $3.52 billion from $3.55 million in FY16. During FY17, the Company's operating margin decreased 60 basis points to 6.8% of revenue from 7.4% of revenue in FY16.
During Q4 FY17, HP's earnings before tax (EBT) decreased 16% to $848 million from $1.01 billion in the comparable period of last year. For the reported quarter, the Company's EBT margin decreased 200 basis points to 6.1% of revenue from 8.1% of revenue in Q4 FY16.
For the reported quarter, HP's net income increased 29% to $660 million on a y-o-y basis from $513 million in Q4 FY16. During Q4 FY17, the Company's diluted earnings per share (EPS) increased 30% to $0.39 on a y-o-y basis from $0.30 in the corresponding period of last year. For the reported quarter, HP's adjusted net income increased 22% to $749 million on a y-o-y basis from $614 million in Q4 FY16. The adjusted net income excluded restructuring and other charges of $113 million and acquisition-related charges of $49 million. During Q4 FY17, the Company's adjusted diluted EPS increased 22% to $0.44 on a y-o-y basis from $0.36 in Q4 FY16, and was in-line with analysts' expectations of $0.44.
During FY17, HP's net income decreased 5% to $2.53 billion from $2.67 billion in FY16. During FY17, HP's diluted EPS decreased 3% to $1.48 from $1.53 in FY16. During FY17, HP's adjusted net income increased 1% to $2.82 billion from $2.79 billion in FY16. During FY17, HP's adjusted diluted EPS increased 3% to $1.65 from $1.60 in FY16.
Personal Systems - During Q4 FY17, the Company's Personal Systems segment's revenue increased 13%, or 14% on a constant currency basis, to $9.08 billion from $8.02 billion in the same period of last year. For the reported quarter, the segment's operating margin decreased 50 basis points to 3.8% of revenue from 4.3% of revenue in Q4 FY16. For the reported quarter, the segment's EBT decreased 0.9% to $343 million from $346 million in Q4 FY16.
Printing - During Q4 FY17, the Company's Printing segment's revenue increased 7% to $4.88 billion from $4.56 billion in the comparable period of last year. For the reported quarter, the segment's operating margin increased 260 basis points to 16.6% of revenue from 14.0% of revenue in Q4 FY16, primarily due to the lower margins in the fourth quarter of 2016 resulting from the Supplies' sales model change. For the reported quarter, the segment's EBT increased 26.7% to $807 million from $637 million in Q4 FY16.
As on October 31, 2017, HP's cash and cash equivalents increased 11.3% to $7.00 billion from $6.29 billion as on October 31, 2016. For the reported quarter, the Company's long-term debt increased 0.2% to $6.75 billion from $6.74 billion in Q4 FY16.
For the reported quarter, the Company's accounts receivable increased 7.3% to $4.41 billion from $4.11 billion in Q4 FY16. For the reported quarter, the Company's accounts payable increased 19.6% to $13.28 billion from $11.10 billion in Q4 FY16.
During Q4 FY17, the Company's net cash provided by operating activities decreased 3% to $680 million from $704 million in the corresponding period of last year.
Stock Performance Snapshot
December 29, 2018 - At Friday's closing bell, HP Inc.'s stock was slightly down 0.66%, ending the trading session at $21.01.
Volume traded for the day: 5.20 million shares.
Stock performance in the last three-month – up 5.26%; previous six-month period – up 20.19%; past twelve-month period – up 40.63%; and year-to-date – up 41.58%
After last Friday's close, HP Inc.'s market cap was at $34.80 billion.
Price to Earnings (P/E) ratio was at 14.17.
The stock has a dividend yield of 2.67%.
The stock is part of the Technology sector, categorized under the Diversified Computer Systems industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.