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

Hewlett Packard Enterprise (NYSE:HPE) is scheduled to issue its quarterly earnings data after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of $0.34 per share for the quarter.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, December 4th. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $7.95 billion for the quarter, compared to analysts’ expectations of $7.84 billion. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.44%. Hewlett Packard Enterprise’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. On average, analysts expect Hewlett Packard Enterprise to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hewlett Packard Enterprise stock opened at $16.05 on Thursday. The stock 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 company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.00. Hewlett Packard Enterprise has a 52 week low of $12.09 and a 52 week high of $19.48.

The business also recently announced 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 is Tuesday, March 12th. This represents a $0.45 annualized dividend and a yield of 2.80%. Hewlett Packard Enterprise’s payout ratio is 28.85%.

In other news, SVP Jeff T. Ricci sold 15,639 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $14.54, for a total transaction of $227,391.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip Davis sold 13,974 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $15.00, for a total transaction of $209,610.00. Following the completion of the transaction, the insider now owns 67,508 shares of the company’s stock, valued at $1,012,620. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,195 shares of company stock valued at $1,795,907. Insiders own 1.18% of the company’s stock.

HPE has been the topic of several research analyst reports. Oppenheimer set a $18.00 target price on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Wednesday, December 5th. Morgan Stanley reissued an “equal weight” rating and set a $15.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, January 16th. ValuEngine raised shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Maxim Group reduced their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, December 6th. Finally, Zacks Investment Research restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $18.08.

COPYRIGHT VIOLATION NOTICE: This report was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.chaffeybreeze.com/2019/02/14/hewlett-packard-enterprise-hpe-set-to-announce-earnings-on-thursday.html.

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.

Featured Article: What is the Book Value of a Share?

Earnings History for Hewlett Packard Enterprise (NYSE:HPE)

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply