Company Update – Hewlett-Packard Company (NYSE:HPQ) – Hold Off On Hewlett-Packard Until The Turnaround Proves Itself

Hewlett-Packard Company (NYSE:HPQ) [at Seeking Alpha] – Hewlett-Packard ( HPQ ), often called HP, is in the middle of a widespread turnaround that aims to revive the struggling tech giant from recent profitability woes. Additionally, executives are focused …
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Hewlett-Packard Company (HPQ), valued at $51.42B, opened at $27.38.
Looking at the equity, the company’s one day range is $26.76 to $27.38 with a one year range of $13.60 to $28.70.
HPQ shares are currently priced at 7.50x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 38.64x forward p/e ratio.
The company pays shareholders $0.58 per share annually in dividends, yielding 2.10%.
Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.84 per share, which would be $0.02 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.66 is a $0.10 better when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $27.18 Billion. If realized, that would be a 4.16% decrease over the year-ago quarter.
Recently, Mizuho upgraded HPQ from Underperform to Neutral (Oct 10, 2013). Previously, UBS upgraded HPQ from Sell to Neutral.
The average price target for HPQ shares by the analysts covering the stock is $27.14, which is 0.88% below where the stock opened this morning.
Hewlett-Packard Company (NYSE:HPQ) and its subsidiaries provide products, technologies, software, solutions and services to individual consumers, small-and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors worldwide.
Tag Helper ~ Stock Code: HPQ | Common Company name: Hewlett-Packard | Full Company name: Hewlett-Packard Company (NYSE:HPQ) .

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