News articles about Hewlett Packard Enterprise (NYSE:HPE) have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hewlett Packard Enterprise earned a news impact score of 0.28 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.722750133442 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Why Cisco Systems Is Optimistic about Its Services Business (finance.yahoo.com)
- HP took me on a zero-gravity flight to promote their space printer (theverge.com)
- Eye-Catching Shares – Hewlett Packard Enterprise Company (NYSE: HPE) – Alpha Beta Stock (alphabetastock.com)
- Mphasis ties up with HPE marketplace for cloud services (techcircle.vccircle.com)
- Cisco’s Revenue and Profitability: Can It Rise in Fiscal 2018? (finance.yahoo.com)
Several research analysts have recently commented on HPE shares. TheStreet raised shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a report on Monday, October 16th. Oppenheimer reaffirmed a “buy” rating and issued a $17.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Gabelli reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, November 22nd. Finally, Deutsche Bank lifted their price target on shares of Hewlett Packard Enterprise from $16.00 to $19.00 and gave the company a “buy” rating in a report on Monday, January 29th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company’s stock. Hewlett Packard Enterprise has a consensus rating of “Hold” and an average target price of $16.16.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded up $0.45 during trading hours on Monday, hitting $15.75. 7,683,571 shares of the stock were exchanged, compared to its average volume of 11,250,000. The firm has a market cap of $25,100.00 and a price-to-earnings ratio of 63.00. Hewlett Packard Enterprise has a 12 month low of $12.81 and a 12 month high of $19.16. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. equities analysts forecast that Hewlett Packard Enterprise will post 1.19 earnings per share for the current fiscal year.
Hewlett Packard Enterprise announced that its Board of Directors has authorized a share repurchase program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio is currently 120.00%.
In related news, EVP Henry Gomez sold 805,214 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $16.58, for a total value of $13,350,448.12. Following the sale, the executive vice president now directly owns 363,278 shares in the company, valued at approximately $6,023,149.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alan Richard May sold 42,314 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $14.00, for a total transaction of $592,396.00. Following the completion of the sale, the executive vice president now owns 84,629 shares in the company, valued at $1,184,806. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,407,123 shares of company stock valued at $22,389,810. Company insiders own 0.87% of the company’s stock.
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Hewlett Packard Enterprise Company Profile
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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