Hewlett Packard Enterprise Co (NYSE: HPE) has reported earnings for its second fiscal quarter (ending April 30) of $0.24 versus $0.32 for the same period a year ago. E.P.S. were $1.40 for the latest four quarters through April 30 versus $0.79 for the same period a year ago.
Recent Price Action
Hewlett Packard Enterprise Co (NYSE: HPE) stock closed at $17.60 on 6/4/24 after a modest decline of -1.9%. Moreover, trading volume in this decline was exceptionally high at 227% of normal. The stock has declined -4.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
HPE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Hewlett Packard Enterprise has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Hewlett Packard Enterprise has a neutral Power Rating of 50 but a good Appreciation Score of 74, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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