Hewlett Packard Enterprise (NYSE:HPE) Announces Earnings Results

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) released its earnings results on Tuesday. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03, Briefing.com reports. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year.

Hewlett Packard Enterprise Trading Down 2.0 %

NYSE:HPE traded down $0.36 during trading hours on Tuesday, hitting $17.60. 30,093,116 shares of the company were exchanged, compared to its average volume of 14,534,691. The stock has a market capitalization of $22.87 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 3.27 and a beta of 1.18. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $20.07. The company has a fifty day simple moving average of $17.55 and a 200 day simple moving average of $16.73. The company has a current ratio of 0.89, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, June 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 2.96%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 35.86%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HPE. Wells Fargo & Company lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Evercore ISI reduced their price objective on Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating on the stock in a research note on Friday, March 1st. StockNews.com cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Stifel Nicolaus dropped their target price on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, March 1st. Finally, Barclays lowered their price objective on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.20.

Check Out Our Latest Report on Hewlett Packard Enterprise

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the sale, the senior vice president now owns 15,541 shares of the company’s stock, valued at approximately $263,575.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company Profile

(Get Free Report)

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.

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Earnings History for Hewlett Packard Enterprise (NYSE:HPE)

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