Hewlett Packard Enterprise (HPE) Earning Somewhat Positive Press Coverage, Study Finds
Media stories about Hewlett Packard Enterprise (NYSE:HPE) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Hewlett Packard Enterprise earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.8016832195326 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Telangana Fiber Grid Corp and HP Enterprise to launch ‘digital villages’ pilot project (telecom.economictimes.indiatimes.com)
- Hewlett Packard Enterprise Declares a Regular Dividend (finance.yahoo.com)
- Hewlett Packard Enterprise Co Announces Quarterly Dividend of $0.08 (HPE) (americanbankingnews.com)
- Hewlett Packard Enterprise Co (HPE) EVP Sells $777,449.00 in Stock (americanbankingnews.com)
- HPE India’s Intel Powered CEC to Demonstrate IoT Solutions (finance.yahoo.com)
A number of equities analysts recently weighed in on HPE shares. KeyCorp reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Royal Bank of Canada reaffirmed a “hold” rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. UBS Group cut shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research report on Friday, October 20th. Robert W. Baird reaffirmed a “hold” rating and set a $16.00 price objective on shares of Hewlett Packard Enterprise in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $16.04.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.78 billion. During the same quarter last year, the company posted $0.61 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. sell-side analysts predict that Hewlett Packard Enterprise will post 1.19 earnings per share for the current fiscal year.
Hewlett Packard Enterprise declared that its Board of Directors has approved a stock buyback plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.88%. Hewlett Packard Enterprise’s dividend payout ratio is presently 120.00%.
In other news, CFO Timothy C. Stonesifer sold 56,170 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $13.79, for a total value of $774,584.30. Following the sale, the chief financial officer now directly owns 177,634 shares in the company, valued at approximately $2,449,572.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeff T. Ricci sold 87,324 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $13.43, for a total transaction of $1,172,761.32. Following the completion of the sale, the senior vice president now owns 24,846 shares in the company, valued at $333,681.78. The disclosure for this sale can be found here. Insiders sold a total of 793,488 shares of company stock valued at $11,281,745 in the last three months. 0.87% of the stock is currently owned by corporate insiders.
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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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