Hewlett Packard Enterprise (HPE) Projected to Post Quarterly Earnings on Thursday

Hewlett Packard Enterprise (NYSE:HPE) is expected to be releasing its earnings data after the market closes on Thursday, March 6th. Analysts expect Hewlett Packard Enterprise to post earnings of $0.50 per share and revenue of $7.81 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Hewlett Packard Enterprise Stock Performance

Shares of HPE stock opened at $18.83 on Wednesday. The stock has a market capitalization of $24.74 billion, a P/E ratio of 9.91, a PEG ratio of 2.03 and a beta of 1.19. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $21.73 and its 200 day moving average is $20.76. Hewlett Packard Enterprise has a 12 month low of $15.77 and a 12 month high of $24.66.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 20th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, December 20th. Hewlett Packard Enterprise’s payout ratio is currently 27.37%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HPE. Citigroup upgraded shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $26.00 in a research note on Friday, December 6th. StockNews.com cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $23.00 to $28.00 in a research note on Thursday, December 5th. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 7,771 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the transaction, the senior vice president now directly owns 61,735 shares of the company’s stock, valued at $1,419,905. This trade represents a 11.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the transaction, the executive vice president now directly owns 270,430 shares of the company’s stock, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,166 shares of company stock valued at $7,300,629 in the last three months. Company insiders own 0.36% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.