Hewlett Packard Enterprise (NYSE:HPE) posted its quarterly earnings data on Tuesday. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03, Bloomberg Earnings reports. Hewlett Packard Enterprise had a return on equity of 8.12% and a net margin of 9.36%. The business had revenue of $7.47 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Hewlett Packard Enterprise updated its Q3 guidance to $0.35-0.39 EPS and its FY18 guidance to $1.40-1.50 EPS.
NYSE HPE opened at $15.58 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 0.93. Hewlett Packard Enterprise has a 1 year low of $12.69 and a 1 year high of $19.48. The firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.46 and a beta of 1.87.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 4th. Shareholders of record on Wednesday, June 13th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 2.89%. The ex-dividend date is Tuesday, June 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. Hewlett Packard Enterprise’s dividend payout ratio is currently 31.25%.
A number of research firms have recently weighed in on HPE. Maxim Group upped their price objective on Hewlett Packard Enterprise from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Monday, April 30th. BMO Capital Markets reissued a “hold” rating and issued a $19.00 target price on shares of Hewlett Packard Enterprise in a report on Tuesday. Pivotal Research reissued a “hold” rating and issued a $20.00 target price (up previously from $13.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Finally, ValuEngine lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.68.
Hewlett Packard Enterprise declared that its board has initiated a stock repurchase plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other news, SVP Kirt P. Karros sold 27,720 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $17.47, for a total transaction of $484,268.40. Following the completion of the sale, the senior vice president now owns 42,369 shares in the company, valued at $740,186.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip Davis sold 16,405 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $18.51, for a total transaction of $303,656.55. Following the sale, the insider now owns 5,665 shares of the company’s stock, valued at approximately $104,859.15. The disclosure for this sale can be found here. Insiders sold 7,419,124 shares of company stock valued at $132,293,171 in the last 90 days. 1.18% of the stock is currently owned by insiders.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.
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