Hewlett Packard Enterprise (HPE) Announces Quarterly Earnings Results

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).

Earnings History for Hewlett Packard Enterprise (NYSE:HPE)

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