Hewlett Packard Enterprise (NYSE:HPE) Announces Quarterly Earnings Results

Hewlett Packard Enterprise (NYSE:HPE) announced its quarterly earnings data on Wednesday. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03, Briefing.com reports. Hewlett Packard Enterprise had a return on equity of 8.49% and a net margin of 6.38%. The company had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 10.1% compared to the same quarter last year.

Hewlett Packard Enterprise Stock Down 6.0 %

HPE stock opened at $17.64 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $19.45 and its 200 day simple moving average is $18.44. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82. The firm has a market capitalization of $22.93 billion, a PE ratio of 12.88, a PEG ratio of 2.80 and a beta of 1.20.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, September 19th. Hewlett Packard Enterprise’s payout ratio is presently 37.96%.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of analyst reports. StockNews.com upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Wells Fargo & Company upped their price objective on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. UBS Group upped their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus upped their price objective on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.09.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $21.67, for a total value of $493,729.28. Following the transaction, the chief executive officer now directly owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Hewlett Packard Enterprise news, EVP Neil B. Macdonald sold 36,671 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.51, for a total value of $752,122.21. Following the transaction, the executive vice president now directly owns 111,054 shares of the company’s stock, valued at approximately $2,277,717.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gerri Gold sold 22,784 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now directly owns 57,081 shares in the company, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders have sold a total of 90,141 shares of company stock valued at $1,874,608 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.