Hewlett Packard Enterprise (HPE) Receiving Somewhat Favorable Press Coverage, Accern Reports
News coverage about Hewlett Packard Enterprise (NYSE:HPE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hewlett Packard Enterprise earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.6243584738063 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Upcoming Earnings Reports to Watch: CRM, HPE, DE – Nasdaq (nasdaq.com)
- In Patent Case Where Other Tech Giants Took a License, HPE Scores Defense Win – Law.com (law.com)
- HPE And Rackspace Launch Pay-As-You-Go OpenStack Private Cloud – Forbes (forbes.com)
- Here’s Why Cisco Shares Are Soaring (finance.yahoo.com)
- Hewlett Packard Enterprise’s Money-Saving Strategy (finance.yahoo.com)
A number of brokerages have commented on HPE. BidaskClub upgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $15.00 price target for the company. Loop Capital began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price target for the company. Finally, TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.49.
Hewlett Packard Enterprise (NYSE:HPE) opened at $13.68 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27. Hewlett Packard Enterprise has a 1 year low of $12.97 and a 1 year high of $24.88. The company has a market cap of $22,154.27, a PE ratio of 8.44, a P/E/G ratio of 1.75 and a beta of 2.59.
Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. analysts anticipate that Hewlett Packard Enterprise will post 1.38 EPS for the current year.
Hewlett Packard Enterprise declared that its board has approved a stock repurchase plan on Wednesday, October 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a $0.075 dividend. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 371.48%.
In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 494,360 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the transaction, the executive vice president now directly owns 494,360 shares of the company’s stock, valued at approximately $7,351,133.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Margaret C. Whitman sold 249,052 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $13.14, for a total transaction of $3,272,543.28. Following the completion of the transaction, the chief executive officer now directly owns 892,118 shares in the company, valued at $11,722,430.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,920,273 shares of company stock worth $41,288,784. Insiders own 0.87% of the company’s stock.
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About Hewlett Packard Enterprise
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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