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

Hewlett Packard Enterprise (NYSE:HPE) released its earnings results on Wednesday. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis.

Hewlett Packard Enterprise Trading Up 0.1 %

NYSE HPE traded up $0.01 on Friday, reaching $17.65. The company had a trading volume of 785,242 shares, compared to its average volume of 14,977,729. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 2.80 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82. The business has a 50 day moving average of $19.45 and a two-hundred day moving average of $18.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.59.

Hewlett Packard Enterprise Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on HPE. Stifel Nicolaus upped their target price 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. Argus upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, June 7th. Barclays increased their price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. Evercore ISI increased their price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research note on Wednesday, June 5th. Finally, Wells Fargo & Company increased their price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company an “equal weight” 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’s stock. Based on data from MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average price target of $21.09.

Insider Activity at Hewlett Packard Enterprise

In related news, EVP Neil B. Macdonald sold 36,671 shares of the 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 completion of the sale, the executive vice president now directly owns 111,054 shares in the company, valued at $2,277,717.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Kirt P. Karros sold 30,686 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil B. Macdonald sold 36,671 shares of Hewlett Packard Enterprise stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 111,054 shares of the company’s stock, valued at $2,277,717.54. The disclosure for this sale can be found here. Insiders sold 90,141 shares of company stock worth $1,874,608 over the last three months. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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.