Hewlett Packard Enterprise (NYSE:HPE) announced its quarterly earnings data on Thursday. The technology company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.12, Bloomberg Earnings reports. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. Hewlett Packard Enterprise’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. Hewlett Packard Enterprise updated its Q2 guidance to $0.29-0.33 EPS and its FY18 guidance to $1.35-1.45 EPS.
Shares of Hewlett Packard Enterprise (HPE) traded up $0.16 during midday trading on Thursday, hitting $16.41. The company had a trading volume of 16,300,000 shares, compared to its average volume of 11,590,000. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. The stock has a market cap of $26,160.00 and a PE ratio of 65.64. Hewlett Packard Enterprise has a 1 year low of $12.81 and a 1 year high of $19.16.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 120.00%.
In related news, EVP Alan Richard May sold 7,607 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $14.42, for a total transaction of $109,692.94. Following the completion of the sale, the executive vice president now directly owns 100,079 shares in the company, valued at approximately $1,443,139.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Henry Gomez sold 805,214 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total value of $13,350,448.12. Following the sale, the executive vice president now owns 363,278 shares of the company’s stock, valued at $6,023,149.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,407,123 shares of company stock valued at $22,389,810 over the last 90 days. 1.18% of the stock is currently owned by company insiders.
Several equities analysts have commented on the company. Loop Capital raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research report on Tuesday. OTR Global downgraded Hewlett Packard Enterprise to a “positive” rating in a research report on Tuesday, February 13th. Goldman Sachs Group initiated coverage on Hewlett Packard Enterprise in a research report on Wednesday, February 7th. They set a “neutral” rating and a $16.00 price target on the stock. Deutsche Bank increased their price target on Hewlett Packard Enterprise from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Zacks Investment Research downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $16.16.
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About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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