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.
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).
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