Hewlett Packard Enterprise (HPE) Set to Announce Quarterly Earnings on Thursday

Hewlett Packard Enterprise (NYSE:HPE) is scheduled to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Hewlett Packard Enterprise has set its Q1 guidance at $0.20-0.24 EPS and its FY18 guidance at $1.15-1.25 EPS.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. During the same period last year, the business earned $0.61 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, analysts expect Hewlett Packard Enterprise to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hewlett Packard Enterprise (NYSE:HPE) opened at $16.15 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a one year low of $12.81 and a one year high of $19.16. The firm has a market capitalization of $25,740.00 and a P/E ratio of 64.60.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s payout ratio is 120.00%.

Hewlett Packard Enterprise declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Several brokerages have commented on HPE. OTR Global downgraded Hewlett Packard Enterprise to a “positive” rating in a research report on Tuesday. Goldman Sachs Group began coverage on Hewlett Packard Enterprise in a research report on Wednesday, February 7th. They issued a “neutral” rating and a $16.00 price target on the stock. Deutsche Bank lifted their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Zacks Investment Research downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.16.

In related news, Director Margaret C. Whitman sold 242,165 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $15.27, for a total value of $3,697,859.55. Following the sale, the director now owns 1,705,823 shares of the company’s stock, valued at approximately $26,047,917.21. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Henry Gomez sold 805,214 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $16.58, for a total value of $13,350,448.12. Following the completion of the sale, the executive vice president now directly owns 363,278 shares in the company, valued at approximately $6,023,149.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,407,123 shares of company stock worth $22,389,810. 0.87% of the stock is currently owned by company insiders.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Earnings History for Hewlett Packard Enterprise (NYSE:HPE)

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