Hewlett Packard Enterprise Co. (HPE) Set to Announce Quarterly Earnings on Tuesday
Hewlett Packard Enterprise Co. (NYSE:HPE) is scheduled to announce its Q416 earnings results on Tuesday, November 22nd. Analysts expect the company to announce earnings of $0.61 per share and revenue of $12.85 billion for the quarter. Hewlett Packard Enterprise has set its Q4 guidance at $0.44-0.49 EPS.
Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts expect Hewlett Packard Enterprise to post $1.92 EPS for the current fiscal year and $2.06 EPS for the next fiscal year.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 23.31 on Monday. The firm has a market capitalization of $38.82 billion and a price-to-earnings ratio of 9.72. The company’s 50-day moving average price is $22.33 and its 200 day moving average price is $20.20. Hewlett Packard Enterprise Co. has a 12-month low of $11.62 and a 12-month high of $23.85.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.12%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. Hewlett Packard Enterprise’s payout ratio is presently 9.17%.
Several research firms recently commented on HPE. Vetr raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.66 target price for the company in a research note on Monday. Wells Fargo & Co. cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th. Barclays PLC lifted their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, September 8th. Mizuho lifted their price target on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, September 8th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $22.49.
In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 316,164 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $22.84, for a total transaction of $7,221,185.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the sale, the chief financial officer now owns 101,610 shares in the company, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its stake in shares of Hewlett Packard Enterprise by 70.7% in the third quarter. D.A. Davidson & CO. now owns 8,571 shares of the company’s stock worth $194,000 after buying an additional 3,549 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Hewlett Packard Enterprise by 22.5% in the third quarter. Ameritas Investment Partners Inc. now owns 39,728 shares of the company’s stock worth $904,000 after buying an additional 7,285 shares during the period. Arvest Bank Trust Division boosted its stake in shares of Hewlett Packard Enterprise by 0.6% in the second quarter. Arvest Bank Trust Division now owns 441,715 shares of the company’s stock worth $8,070,000 after buying an additional 2,462 shares during the period. Pine River Capital Management L.P. bought a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $4,443,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of Hewlett Packard Enterprise during the second quarter worth approximately $230,000. Hedge funds and other institutional investors own 79.81% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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