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Earnings Results under Review: HP Inc. (NYSE: HPQ)

Phillip Rigdon

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On Thursday, Shares of HP Inc. (NYSE: HPQ) declined -0.25% to $22.10. The stock recorded $22.06 as its minimum price and hit the max level of $22.32, during its most recent trading session. It traded total volume of 2,808,769 shares lower than the average volume of 9.24M shares.

HP Inc. declared Fiscal 2018 second quarter net revenue of $14.00B, up 13% (up 10% in constant currency) from the prior-year period.

Asset management:

HP’s net cash offered by operating activities in the second quarter was $1.10B. Accounts receivable ended the quarter at $4.60B, up 3 days quarter over quarter to 30 days. Inventory ended the quarter at $5.60B, up 1 day quarter over quarter to 44 days. Accounts payable ended the quarter at $13.10B, up 7 days quarter over quarter to 104 days.

HP generated $937.0M of free cash flow in the second quarter of Fiscal 2018. Free cash flow includes net cash offered by operating activities and net investments in property, plant and equipment of $113.0M.

HP’s dividend payment of $0.1393 per share in the second quarter resulted in cash usage of $0.20B. HP also utilized $0.80B of cash during the quarter to repurchase about 35.40M shares of common stock in the open market.  As a result, HP returned 110% of its free cash flow to shareholders in the second quarter of Fiscal 2018. HP exited the quarter with $5.30B in gross cash, which includes cash and cash equivalents and short-term investments of $1.10B included in other current assets.

HPQ has the market capitalization of $36.39B and its EPS growth ratio for the past five years was 17.40%. The return on assets ratio of the Company was 12.00% while its return on investment ratio stands at 62.80%. Price to sales ratio was 0.68 while 82.90% of the stock was owned by institutional investors.

I am Phillip Rigdon and I focus on breaking news stories and ensuring we IRN Post offer timely reporting on some of the most recent stories released through market wires about “Technology” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down.

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