Hewlett Packard Enterprise (HPE) to Release Quarterly Earnings on Tuesday

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) will issue its quarterly earnings data after the market closes on Tuesday, May 30th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The technology company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Hewlett Packard Enterprise had a net margin of 2.92% and a return on equity of 4.22%. The firm had revenue of $7.81 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. On average, analysts expect Hewlett Packard Enterprise to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $14.45 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.63 and a current ratio of 0.85. Hewlett Packard Enterprise has a twelve month low of $11.90 and a twelve month high of $17.25. The firm’s 50 day moving average price is $14.78 and its two-hundred day moving average price is $15.49. The firm has a market cap of $18.73 billion, a P/E ratio of 22.23, a PEG ratio of 2.22 and a beta of 1.22.

Hewlett Packard Enterprise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 17th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Thursday, March 16th. Hewlett Packard Enterprise’s payout ratio is currently 73.85%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HPE shares. Bank of America lifted their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, April 17th. StockNews.com upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup lifted their price objective on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Friday, March 3rd. Morgan Stanley lifted their price objective on shares of Hewlett Packard Enterprise from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, March 3rd. Finally, The Goldman Sachs Group began coverage on shares of Hewlett Packard Enterprise in a report on Monday, March 20th. They issued a “neutral” rating and a $15.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.85.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 703,226 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $15.11, for a total value of $10,625,744.86. Following the transaction, the executive vice president now directly owns 249,511 shares in the company, valued at $3,770,111.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Hewlett Packard Enterprise news, Director Jean M. Hobby sold 10,000 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $15.28, for a total transaction of $152,800.00. Following the sale, the director now directly owns 46,161 shares in the company, valued at $705,340.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan Richard May sold 703,226 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $15.11, for a total transaction of $10,625,744.86. Following the sale, the executive vice president now owns 249,511 shares in the company, valued at $3,770,111.21. The disclosure for this sale can be found here. Insiders have sold a total of 747,314 shares of company stock worth $11,291,569 over the last ninety days. Insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

Large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Hewlett Packard Enterprise by 10.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock valued at $1,249,000 after purchasing an additional 7,285 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Hewlett Packard Enterprise by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock valued at $270,000 after buying an additional 1,809 shares during the last quarter. Raymond James Trust N.A. raised its holdings in Hewlett Packard Enterprise by 46.4% in the 1st quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock valued at $269,000 after buying an additional 5,095 shares during the last quarter. Blair William & Co. IL raised its holdings in Hewlett Packard Enterprise by 9.8% in the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after buying an additional 29,819 shares during the last quarter. Finally, Aviva PLC raised its holdings in Hewlett Packard Enterprise by 45.8% in the 1st quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock valued at $10,607,000 after buying an additional 199,382 shares during the last quarter. 81.36% of the stock is currently owned by institutional investors and hedge funds.

Hewlett Packard Enterprise Company Profile

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Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.