HPE revenue, profit top estimates; shares jump

  • HPE revenue, profit top estimates; shares jump

HPE revenue, profit top estimates; shares jump

The company is reporting good numbers overall along with higher diluted earnings per share that it is partially attributing to the recent tax reform law. Letko Brosseau & Associates Inc. raised its stake in Hewlett Packard Enterprise by 0.5% in the 4th quarter. BB&T Securities LLC acquired a new stake in shares of Hewlett Packard Enterprise in the third quarter worth $156,000. Clear Harbor Asset Management LLC bought a new position in Hewlett Packard Enterprise during the 4th quarter worth $158,000. Finally, Intrust Bank NA raised its holdings in shares of Hewlett Packard Enterprise by 25.2% during the fourth quarter.

Now let's see the recent and past performance, we came to know different up or down moving trends about HPE. Hewlett Packard Enterprise Company (NYSE:HPE) presently has a 10 month price index of 0.84727.

Hewlett Packard Enterprise Company (NYSE:HPE) has a Price to Book ratio of 1.039224. Hewlett Packard Enterprise Company has 52-Week high of $17.07 and 52-Week Low of $12.7. Loop Capital upgraded shares of Hewlett Packard Enterprise from a "hold" rating to a "buy" rating in a research note on Tuesday. Additionally, the price to earnings ratio is another popular way for analysts and investors to determine a company's profitability. The stock has a consensus rating of "Hold" and an average target price of $16.16.

Hewlett Packard Enterprise Co (NYSE:HPE) opened at $16.52 on Wednesday. The company has market cap of $28.56 billion.

Total debt to equity ratio of the company for most recent quarter is 0.60 while Long term debt to equity ratio for same time period is 0.43. Hewlett Packard Enterprise has a 12-month low of $12.81 and a 12-month high of $24.00.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 22nd. The company reported first fiscal quarter net income of $1.44 billion, or 89 cents a share, compared with $267 million, or 16 cents a share, in the year-ago period.

HPE also said it would raise its quarterly dividend payment by 50 percent, from its current payment of nearly 8 cents a share, would return $7 billion to shareholders by the end of the year through dividends and stock repurchases, and would increase its contributions to employee retirement plans due to the effects of the recently passed tax reform package.

Key metrics: Non-GAAP operating margin, 7.7% (-1.8 pts Y/Y); cash flow from operations, $0.1B (+$1.3B); total costs and expenses, $7.4B; cash and equivalents, $7.7B.

But during the first quarter of 2018, Hybrid IT revenue was $6.3 billion, up almost 10 per cent year-over-year. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Investors 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 yield of 1.85%. The ex-dividend date is Tuesday, March 13th. Also, Director Margaret C. Whitman sold 242,165 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, February 6th. Investors may use Price to Book to display how the market portrays the value of a stock. Following the completion of the transaction, the executive vice president now directly owns 84,629 shares of the company's stock, valued at approximately $1,184,806. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

For its second quarter, the company projects adjusted earnings of 29 to 33 cents per share, topping the 26 cents per share that Thomson Reuters forecasts. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,407,123 shares of company stock worth $22,389,810. The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services. It provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.