HP Inc. sees FY18 adj. EPS $1.74-$1.84, consensus $1.76
For FY18, HP Inc. estimates GAAP diluted net EPS from continuing operations to be in the range of $1.69-$1.79 and estimates non-GAAP diluted EPS to be in the range of $1.74-$1.84. FY18 non-GAAP diluted net EPS estimates exclude after-tax costs primarily related to items such as restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), net tax indemnifications, net valuation allowances and discontinued operations. Based on the current environment, HP anticipates generating free cash flow of at least $3B for FY18. HP expects to return 50%-75% of annual free cash flow to shareholders. In FY18, the company indicated that it expects to be towards the higher end of that range, with a 5% increase in the planned quarterly dividend amount, and the balance returned to shareholders through share repurchases.