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Hewlett Packard Enterprise (NYSE: HPE – Get Free Report) reported its earnings results on Tuesday. The technology company reported earnings per share (EPS) of $0.42 for the quarter, beating the consensus estimate of $0.39 by $0.03, Briefing.com reports. The company posted revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.82 billion. Hewlett Packard Enterprise had a return on equity of 9.12% and a net margin of 6.81%. The company’s revenue grew 3.3% year-over-year. During the same period last year, the company posted earnings per share of $0.32.

Price development of Hewlett Packard Enterprise shares

NYSE:HPE opened at $17.60 on Wednesday. The company’s 50-day moving average price is $17.55 and its 200-day moving average price is $16.73. Hewlett Packard Enterprise has a twelve-month low of $14.47 and a twelve-month high of $20.07. The stock has a market cap of $22.87 billion, a P/E ratio of 12.13, a PEG ratio of 3.32 and a beta of 1.18. The company has a quick ratio of 0.63, a current ratio of 0.89 and a debt-to-equity ratio of 0.37.

Hewlett Packard Enterprise announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will receive a dividend of $0.13. This represents an annualized dividend of $0.52 and a dividend yield of 2.96%. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Insider buying and selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of the company’s stock on Wednesday, April 24. The shares were sold at an average price of $16.96, for a total value of $310,758.08. After 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 SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Upgrades and downgrades by analysts

Several brokerage firms have issued reports on HPE. Wells Fargo & Company increased their price target on 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 decreased their price target on Hewlett Packard Enterprise from $19.00 to $18.00 and gave the stock an “in-line” rating in a research note on Friday, March 1st. Stifel Nicolaus decreased their price target on Hewlett Packard Enterprise from $20.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, March 1st. StockNews.com downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Morgan Stanley raised their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock an “Equal Weight” rating in a report on Monday, April 15. Eight investment analysts rated the stock with a “Hold” rating and three rated it with a “Buy.” According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.20.

Read our latest report on HPE

Hewlett Packard Enterprise company profile

(Get free report)

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

Further information

Earnings history for Hewlett Packard Enterprise (NYSE:HPE)



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