Hewlett Packard Enterprise (NYSE:HPE) is scheduled to be releasing its earnings data after the market closes on Thursday, February 21st. Analysts expect Hewlett Packard Enterprise to post earnings of $0.34 per share for the quarter.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.44%. The firm had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. 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 $16.05 on Thursday. Hewlett Packard Enterprise has a 12 month low of $12.09 and a 12 month high of $19.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.00. The firm has a market cap of $22.27 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 1.90 and a beta of 1.60.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.45 dividend on an annualized basis and a yield of 2.80%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.
A number of research firms have commented on HPE. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 13th. Oppenheimer set a $18.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Thursday, October 25th. Raymond James reduced their price objective 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. Finally, Maxim Group reduced their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.08.
In other Hewlett Packard Enterprise news, insider Keerti Melkote sold 36,300 shares of the stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $14.55, for a total transaction of $528,165.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Philip Davis sold 27,182 shares of the stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $14.67, for a total transaction of $398,759.94. Following the sale, the insider now directly owns 41,922 shares in the company, valued at $614,995.74. The disclosure for this sale can be found here. Insiders have sold 121,195 shares of company stock worth $1,795,907 over the last three months. 1.18% of the stock is owned by corporate insiders.
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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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