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.
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.
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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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