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Hewlett Packard Enterprise (NYSE: HPE) released its results on Tuesday. The tech company reported EPS of $ 0.52 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.49 per $ 0.03, MarketWatch Earnings reports. Hewlett Packard Enterprise reported a return on equity of 8.24% and a net margin of 3.73%. The company posted revenue of $ 7.4 billion in the quarter, compared to analysts’ estimates of $ 7.37 billion. During the same period of the previous year, the company posted earnings per share of $ 0.37. The company’s quarterly revenue is up 2.7% from the same quarter last year.
NYSE HPE traded at $ 0.26 on Tuesday, reaching $ 14.35. The stock had a trading volume of 23,536,530 shares, compared to its average volume of 10,102,086. The company has a 50-day moving average of $ 14.80 and a 200-day moving average of 14.87 $. The company has a market cap of $ 18.77 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.18, and a beta of 1.21. Hewlett Packard Enterprise has a 52 week low of $ 10.94 and a 52 week high of $ 16.74. The company has a leverage ratio of 0.73, a quick ratio of 0.75, and a current ratio of 0.95.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 7. Investors of record on Friday, December 10 will receive a dividend of $ 0.12 per share. This represents a dividend of $ 0.48 on an annualized basis and a dividend yield of 3.34%. Hewlett Packard Enterprise’s payout ratio is currently 62.34%.
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In addition, CEO Irv Rothman sold 10,000 shares of Hewlett Packard Enterprise in a transaction dated Wednesday, September 8. The shares were sold at an average price of $ 14.96, for a total trade of $ 149,600.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available on the SEC website. In addition, Executive Vice President Neil B. Macdonald sold 8,535 shares of the company in a transaction dated Tuesday, October 26. The shares were sold at an average price of $ 15.46, for a total trade of $ 131,951.10. Disclosure of this sale can be found here. Insiders have sold a total of 135,469 shares of the company valued at $ 2,056,083 in the past three months. Insiders own 0.52% of the shares of the company.
A hedge fund recently increased its stake in shares of Hewlett Packard Enterprise. Ironwood Wealth Management LLC. increased its holdings of Hewlett Packard Enterprise (NYSE: HPE) shares by 52.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor held 4,186 shares of the tech company after purchasing an additional 1,447 shares during the quarter. The holdings of Ironwood Wealth Management LLC. in Hewlett Packard Enterprise were worth $ 61,000 at the time of its last filing with the SEC. Institutional investors hold 81.83% of the company’s shares.
A number of equity research analysts have published reports on HPE stocks. The Goldman Sachs Group downgraded Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and lowered its price target for the company from $ 16.00 to $ 14.00 in a research report on Thursday 11 November. Deutsche Bank Aktiengesellschaft reissued a “buy” note and issued a price target of $ 18.00 on Hewlett Packard Enterprise shares in a report released on Wednesday, September 29. Wells Fargo & Company raised its price target on Hewlett Packard Enterprise from $ 18.00 to $ 20.00 and gave the company an “overweight” rating in a Friday September 3 research note. They noted that the move was an appraisal call. Raymond James raised his price target on Hewlett Packard Enterprise from $ 19.00 to $ 20.00 and gave the company an “outperformance” rating in a report released on Friday, October 29. Finally, Zacks Investment Research downgraded Hewlett Packard Enterprise from a “hold†rating to a “strong buy†rating and set a target price of $ 17.00 on the stock in a report released on Tuesday, November 2. Two research analysts rated the stock with a sell rating, three issued a conservation rating, eight gave a buy rating, and one gave the company’s stock a high buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $ 16.71.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Co is committed to providing information technology, technology and enterprise products, solutions and services. It operates through the following segments: Hybrid IT, Smart Edge, Financial Services and Business Investments. The hybrid IT segment provides a portfolio of infrastructure and solutions based on services and software.
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