HP Inc: targets set for next fiscal year
(CercleFinance.com) - At an analysts' meeting on Tuesday evening, HP Inc presented its targets for FY 2023-24, including adjusted EPS (non-GAAP) of $3.
25 to $3.65, and FCF of $3.1 to $3.6bn.
It plans to return around 100% of the year's FCF to shareholders in the form of dividends and share buybacks, with its Board of Directors having approved a 5% increase in the planned annual dividend to $1.1024 per share.
The IT group also forecasts a $200m increase in its annualised gross structural cost savings under its Future Ready plan, to $1.6bn by the end of FY 2020-25.
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25 to $3.65, and FCF of $3.1 to $3.6bn.
It plans to return around 100% of the year's FCF to shareholders in the form of dividends and share buybacks, with its Board of Directors having approved a 5% increase in the planned annual dividend to $1.1024 per share.
The IT group also forecasts a $200m increase in its annualised gross structural cost savings under its Future Ready plan, to $1.6bn by the end of FY 2020-25.
Copyright (c) 2023 CercleFinance.com. All rights reserved.