Hewlett Packard Enterprise Company (HPE) to Release Quarterly Earnings on Tuesday
Hewlett Packard Enterprise Company (NYSE:HPE) will issue its quarterly earnings data after the market closes on Tuesday, September 5th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Hewlett Packard Enterprise has set its Q3 guidance at $0.24-0.28 EPS and its FY17 guidance at $1.46-1.56 EPS.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The business had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the company posted $0.42 EPS. Hewlett Packard Enterprise’s revenue was down 22.1% on a year-over-year basis. On average, analysts expect Hewlett Packard Enterprise to post $1.45 EPS for the current fiscal year and $1.34 EPS for the next fiscal year.
Hewlett Packard Enterprise Company (HPE) opened at 17.79 on Tuesday. Hewlett Packard Enterprise Company has a 12-month low of $15.49 and a 12-month high of $19.16. The stock’s 50 day moving average is $17.45 and its 200 day moving average is $17.65. The stock has a market capitalization of $29.22 billion, a PE ratio of 13.49 and a beta of 2.74.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.46%. Hewlett Packard Enterprise’s payout ratio is presently 20.16%.
In related news, CEO Margaret C. Whitman sold 132,192 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the completion of the transaction, the chief executive officer now owns 865,021 shares in the company, valued at $14,454,500.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher P. Hsu sold 11,515 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $18.80, for a total transaction of $216,482.00. Following the transaction, the executive vice president now owns 24,083 shares of the company’s stock, valued at approximately $452,760.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,975,192 shares of company stock valued at $34,414,990. 0.87% of the stock is currently owned by corporate insiders.
HPE has been the topic of a number of research reports. Credit Suisse Group reiterated a “buy” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a research report on Tuesday, May 23rd. CIBC dropped their target price on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Mizuho reiterated a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and set a $22.00 target price on shares of Hewlett Packard Enterprise in a research report on Saturday, July 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $18.00 target price (up previously from $17.00) on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $21.67.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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