Thursday, 23 November, 2017

Quarterly Financial Review of Hewlett Packard Enterprise Company (NYSE:HPE)

Why Did Genuine Parts and Hewlett Packard Fall on October 19 Quarterly Financial Review of Hewlett Packard Enterprise Company (NYSE:HPE)
Melba Vasquez | 22 October, 2017, 02:01

Trading volume for Hewlett Packard Enterprise Comp was 22,853K in the last trading session.

Other equities analysts have also recently issued reports about the stock.

Analysts await Hewlett Packard Enterprise Co (NYSE:HPE) to report earnings on November, 28. After $0.31 actual earnings per share reported by Hewlett Packard Enterprise Co for the previous quarter, Wall Street now forecasts -9.68% negative EPS growth.

On 10/17/2017, Pivotal Research released a statement for Hewlett-Packard (NYSE:HPE) bumped up the target price from $0.00 to $14.00 that suggested a downside of -0.04%. The stock presently has a consensus rating of "Hold" and a consensus price target of $17.79. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Current price level places the company's stock about -8.33% from the 52-week high and 11.5% away from the 52-week low.

Hewlett Packard Enterprise Company (NYSE:HPE) had an increase of 1.28% in short interest. 6,313,337 shares of the company's stock traded hands. Hewlett Packard Enterprise Co has a 52-week low of 12.26 and a 52-week high of 15.12. The 50 day moving average was down $-0.19 and the 200 day average went up by +1.16%. The stock has a market capitalization of $22.74 billion, a P/E ratio of 195.00 and a beta of 2.71.

Hewlett Packard Enterprise Co had its "neutral" rating reiterated by analysts at Citigroup. The analysts estimated mean EPS at 0.26 while the high and low EPS estimate stand at 0.3 and 0.22 respectively. The business had revenue of $8.21 billion for the quarter, compared to analysts' expectations of $7.49 billion. Hewlett Packard Enterprise Company had a net margin of 6.31% and a return on equity of 10.43%.

Among 4 analysts covering SunCoke Energy (NYSE:SXC), 2 have Buy rating, 2 Sell and 0 Hold. HPE's profit will be $453.35 million for 12.52 P/E if the $0.28 EPS becomes a reality.

Equity analyst Loop Capital started coverage with an initial rating of "Hold".

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Hewlett Packard Enterprise declared that its Board of Directors has approved a share buyback program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. This ratio is calculated by dividing the market value of a company by cash from operating activities.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 138,401 shares of the company's stock in a transaction that occurred on Wednesday, August 2nd. The stock increased 1.30% or $0.18 on October 20, reaching $14.04. Companies may issue new shares and buy back their own shares. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The company has a payout ratio of 276.80%. Following the completion of the sale, the chief executive officer now directly owns 962,433 shares of the company's stock, valued at approximately $17,150,556.06. The disclosure for this sale can be found here. The last close places the company's stock about $3.92 off its 52 week high of $27.07 and $4.24 above the 52 week low of $18.91. In looking the SMA 200 we see that the stock has seen a -79.80%.The Company's net profit margin for the 12 months at -. Boyd Watterson Asset Management LLC OH increased its holdings in Hewlett Packard Enterprise by 42.7% in the 3rd quarter. Hewlett Packard has $29.0 highest and $14 lowest target. Shareholder yield has the ability to show how much money the firm is giving back to shareholders via a few different avenues. Parallel Advisors LLC now owns 10,562 shares of the technology company's stock worth $197,000 after acquiring an additional 1,095 shares in the last quarter. RWC Asset Management LLP boosted its stake in Hewlett Packard Enterprise Company by 384,836.2% in the third quarter. The business's quarterly revenue was down 7.2% on a year-over-year basis. The Company's core businesses include distributing grocery products to independent grocery retailers, select national retailers, its corporate owned retail stores, and the United States military commissaries.

Hewlett Packard Enterprise Company (HPE) now the company's industry has 12.44 P/E and the sector P/E is 17.08.

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