3. Hewlett-Packard (HPQ) is a provider of storage and servers, software, personal computers, imaging and printing products, and other services to individual consumers, small- and medium-sized businesses and large enterprises, including customers in the government, health and education sectors.
During the quarter ended April 2011, the company reported total revenue of $31.6 billion, up 2.5% year-over-year from $30.8 billion. Net income increased 4.7% to $2.3 billion, or $1.05 per share, from $2.2 billion, or 91 cents per share in the year-ago quarter.
During March, the company's board authorized a 50% increase in its regular quarterly dividend to 12 cents per share from 8 cents per share in the prior quarter.Of the 37 analysts covering the stock, 51% rate it a buy, while 43% affirm a hold rating. Analysts estimate an average increase of 28%, to $47.27 in value from current levels. The stock currently trades at a P/E of 8.3.
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