Hewlett Packard Enterprise (NYSE:HPE) will issue its quarterly earnings data after the market closes on Tuesday, December 4th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The firm had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, analysts expect Hewlett Packard Enterprise to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE HPE opened at $14.91 on Tuesday. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.83 and a beta of 1.61. Hewlett Packard Enterprise has a fifty-two week low of $13.15 and a fifty-two week high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be paid a dividend of $0.1125 per share. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.02%. Hewlett Packard Enterprise’s payout ratio is presently 46.88%.
HPE has been the topic of a number of research reports. UBS Group initiated coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 26th. They set a “hold” rating and a $17.00 target price on the stock. Deutsche Bank boosted their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Raymond James decreased their target price on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Oppenheimer set a $18.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Thursday, October 25th. Finally, Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.43.
In related news, insider Antonio F. Neri sold 82,893 shares of the business’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the sale, the insider now owns 87,828 shares of the company’s stock, valued at $1,493,076. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Keerti Melkote sold 102,284 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the sale, the insider now directly owns 102,284 shares in the company, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. In the last three months, insiders sold 664,319 shares of company stock worth $10,978,971. 1.18% of the stock is currently owned by insiders.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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