The personal computer and printer company laid out both a long-term growth forecast and fiscal 2024 estimates that met or beat Street estimates.
HPInc. said the company sees 2% to 4% long-term annual revenue growth, with earnings per share growth in the high single digit percentage range. The PC and printer company made the forecast Tuesday afternoon at a meeting with securities analysts in Palo Alto, Calif.HP expects free cash flow growth in line with profit expansion. HP added that it continues to expect to return 100% of free cash to shareholders in the form of dividends and stock repurchases.
HP announced that it is increasing its dividend rate on an annualized basis by 5 cents to $1.10 a share, from $1.05. The stock has a yield of just over 4%. For the October 2024 fiscal year, HP expects non-GAAP profits of $3.25 to $3.65 a share, with profits under generally accepted accounting principles of $2.75 to $3.15 a share. Street consensus had called for non-GAAP profits of $3.48 a share, up from an estimated $3.30 a share in fiscal 2023.
HP sees FY 2024 free cash flow of between $3.1 billion and $3.6 billion. CFO Marie Myers said HP expects second half revenue growth to be higher than in the first half, aided by an expected improvement in personal computer demand. The company also said it now expects $1.6 billion in annualized run rate cost savings by the end of fiscal year 2025 from its cost containment plan, $200 million above its previously announced target range.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Hyatt will join S&P MidCap 400; shares rally after hoursBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
続きを読む »
U.K. energy group shares rally as Middle East conflict boosts oil pricesJamie Chisholm is a markets reporter based in London.
続きを読む »
Yoshino B4000 Solid-State Portable Power Station — CleanTechnica TestedThe Yoshino B4000 SST is packed full of features, from wireless charging pads to a TT-30R outlets for RVs to a dedicated outlet for adding expansion battery units for increased storage capacity.
続きを読む »
Nissan using AI to accelerate research into technologies like solid-state batteriesNissan is using AI and machine learning to fast-track research into materials used for car parts and solid-state batteries.
続きを読む »
NFL Week 5 review: 49ers, Eagles stay undefeated with solid outingsThe San Francisco 49ers' dominance was on display and the Philadelphia Eagles took care of the Los Angeles Rams in Week 5. The two teams remained undefeated.
続きを読む »