Somewhat Positive Media Coverage Somewhat Unlikely to Impact Hewlett Packard Enterprise (HPE) Share Price

News stories about Hewlett Packard Enterprise (NYSE:HPE) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Hewlett Packard Enterprise earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.0543305285043 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Hewlett Packard Enterprise (HPE) traded up $0.01 on Thursday, reaching $14.72. The company had a trading volume of 7,888,348 shares, compared to its average volume of 12,171,184. Hewlett Packard Enterprise has a 52-week low of $12.81 and a 52-week high of $24.88. The company has a market capitalization of $23,589.51, a PE ratio of 11.39, a PEG ratio of 2.49 and a beta of 2.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. The firm had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.78 billion. During the same period last year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts predict that Hewlett Packard Enterprise will post 1.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.04%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 142.86%.

Hewlett Packard Enterprise declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 18th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

HPE has been the subject of several recent research reports. Barclays reaffirmed a “sell” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 8th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. KeyCorp reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Citigroup downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and raised their price target for the stock from $14.80 to $16.00 in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.04.

In related news, EVP Henry Gomez sold 494,360 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $14.87, for a total transaction of $7,351,133.20. Following the transaction, the executive vice president now directly owns 494,360 shares in the company, valued at $7,351,133.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Margaret C. Whitman sold 1,494,094 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $14.27, for a total value of $21,320,721.38. Following the transaction, the chief executive officer now owns 1,514,639 shares in the company, valued at $21,613,898.53. The disclosure for this sale can be found here. Insiders have sold 2,681,863 shares of company stock worth $38,427,335 over the last 90 days. 0.87% of the stock is currently owned by company 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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