Hewlett Packard Enterprise (HPE) Scheduled to Post Earnings on Tuesday

Hewlett Packard Enterprise (NYSE:HPE) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 28th. Analysts expect Hewlett Packard Enterprise to post earnings of $0.50 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, August 29th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.99 billion. Hewlett Packard Enterprise had a net margin of 3.64% and a return on equity of 5.32%. Hewlett Packard Enterprise’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. On average, analysts expect Hewlett Packard Enterprise to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hewlett Packard Enterprise Stock Performance

HPE opened at $15.83 on Tuesday. The business’s 50 day moving average is $16.40 and its 200-day moving average is $16.43. The stock has a market cap of $20.31 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a twelve month low of $13.65 and a twelve month high of $18.14.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Thursday, September 14th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, September 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.03%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 58.54%.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Wednesday, August 30th. Wells Fargo & Company lifted their price target on Hewlett Packard Enterprise from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, August 30th. StockNews.com raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Raymond James boosted their target price on Hewlett Packard Enterprise from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Finally, Credit Suisse Group dropped their target price on Hewlett Packard Enterprise from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $17.54.

Insiders Place Their Bets

In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 343,016 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.48, for a total value of $5,995,919.68. Following the transaction, the executive vice president now owns 249,511 shares in the company, valued at $4,361,452.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 343,016 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.48, for a total value of $5,995,919.68. Following the transaction, the executive vice president now owns 249,511 shares in the company, valued at $4,361,452.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Antonio F. Neri sold 434,884 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $17.48, for a total transaction of $7,601,772.32. Following the transaction, the chief executive officer now owns 1,370,291 shares in the company, valued at $23,952,686.68. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPE. First Manhattan Co. grew its position in Hewlett Packard Enterprise by 89.4% during the 1st quarter. First Manhattan Co. now owns 2,413 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,139 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $44,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Hewlett Packard Enterprise during the 4th quarter valued at $59,000. Aspire Private Capital LLC boosted its stake in shares of Hewlett Packard Enterprise by 251.9% during the 1st quarter. Aspire Private Capital LLC now owns 4,283 shares of the technology company’s stock valued at $68,000 after buying an additional 3,066 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Hewlett Packard Enterprise by 16.0% during the 2nd quarter. IFP Advisors Inc now owns 4,241 shares of the technology company’s stock valued at $71,000 after buying an additional 584 shares during the period. 81.15% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.