News coverage about Hewlett Packard Enterprise (NYSE:HPE) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hewlett Packard Enterprise earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.8016832195326 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Several research analysts recently commented on HPE shares. Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. Zacks Investment Research upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Citigroup lowered Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $14.80 to $16.00 in a research report on Friday, October 13th. Finally, Wells Fargo & Co started coverage on Hewlett Packard Enterprise in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $15.00 price target for the company. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the company’s stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $16.04.
Shares of Hewlett Packard Enterprise (NYSE HPE) traded down $0.10 during trading hours on Thursday, hitting $15.97. The company’s stock had a trading volume of 9,774,631 shares, compared to its average volume of 9,500,000. Hewlett Packard Enterprise has a fifty-two week low of $12.81 and a fifty-two week high of $19.16. The stock has a market capitalization of $25,450.00 and a price-to-earnings ratio of 63.88. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. analysts expect 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 plan on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.88%. Hewlett Packard Enterprise’s payout ratio is presently 120.00%.
In other news, CFO Timothy C. Stonesifer sold 56,170 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $13.79, for a total transaction of $774,584.30. Following the sale, the chief financial officer now directly owns 177,634 shares of the company’s stock, valued at approximately $2,449,572.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jeff T. Ricci sold 87,324 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $13.43, for a total transaction of $1,172,761.32. Following the sale, the senior vice president now directly owns 24,846 shares in the company, valued at $333,681.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 793,488 shares of company stock worth $11,281,745. 0.87% of the stock is 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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