Hewlett Packard Enterprise (NYSE:HPE) will post its quarterly earnings results after the market closes on Thursday, May 23rd. Analysts expect Hewlett Packard Enterprise to post earnings of $0.36 per share for the quarter.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The firm had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the prior year, the business posted $0.34 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.
Shares of HPE stock opened at $14.42 on Thursday. Hewlett Packard Enterprise has a one year low of $12.09 and a one year high of $17.76. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.56. The company has a market cap of $19.51 billion, a P/E ratio of 9.24, a P/E/G ratio of 1.36 and a beta of 1.55.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 3.12%. The ex-dividend date is Tuesday, June 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.
In other news, EVP John F. Schultz sold 780,830 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $16.32, for a total value of $12,743,145.60. Following the completion of the sale, the executive vice president now owns 400,401 shares of the company’s stock, valued at $6,534,544.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio F. Neri sold 82,892 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $16.50, for a total transaction of $1,367,718.00. Following the completion of the sale, the chief executive officer now directly owns 86,160 shares of the company’s stock, valued at approximately $1,421,640. The disclosure for this sale can be found here. Insiders sold 2,251,562 shares of company stock valued at $37,016,136 in the last three months. Company insiders own 0.56% of the company’s stock.
HPE has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 price target (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, January 16th. ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Credit Suisse Group initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, April 11th. They set an “underperform” rating and a $14.00 price target for the company. Daiwa Capital Markets initiated coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 1st. They set a “hold” rating and a $16.00 price target for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $16.00 price target on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.92.
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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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