Hewlett Packard Enterprise (HPE) Releases Earnings Results, Beats Estimates By $0.02 EPS

Hewlett Packard Enterprise (NYSE:HPE) released its quarterly earnings data on Tuesday. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02, Bloomberg Earnings reports. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.16%. The company had revenue of $7.95 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the business earned $0.31 earnings per share. Hewlett Packard Enterprise’s revenue was up 3.7% compared to the same quarter last year.

Shares of Hewlett Packard Enterprise stock opened at $15.05 on Thursday. Hewlett Packard Enterprise has a 1 year low of $13.99 and a 1 year high of $19.48. The company has a market cap of $22.15 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 0.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 annualized dividend and a yield of 2.99%. Hewlett Packard Enterprise’s payout ratio is presently 28.85%.



In other news, CFO Timothy C. Stonesifer sold 479,142 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the sale, the chief financial officer now directly owns 637,868 shares in the company, valued at approximately $10,569,472.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Antonio F. Neri sold 82,893 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the sale, the insider now owns 87,828 shares of the company’s stock, valued at $1,493,076. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 664,319 shares of company stock valued at $10,978,971. 1.18% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Personal Resources Investment & Strategic Management Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 5.2% in the 3rd quarter. Personal Resources Investment & Strategic Management Inc. now owns 80,005 shares of the technology company’s stock worth $1,267,000 after acquiring an additional 3,932 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Hewlett Packard Enterprise by 5.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 80,000 shares of the technology company’s stock worth $1,305,000 after buying an additional 4,000 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in shares of Hewlett Packard Enterprise by 33.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 16,000 shares of the technology company’s stock worth $261,000 after buying an additional 4,000 shares during the period. MML Investors Services LLC increased its stake in shares of Hewlett Packard Enterprise by 31.6% in the third quarter. MML Investors Services LLC now owns 16,662 shares of the technology company’s stock worth $272,000 after buying an additional 4,004 shares during the period. Finally, Dupont Capital Management Corp increased its stake in shares of Hewlett Packard Enterprise by 44.0% in the second quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology company’s stock worth $211,000 after buying an additional 4,419 shares during the period. Hedge funds and other institutional investors own 78.92% of the company’s stock.

HPE has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Oppenheimer set a $20.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Tuesday, August 28th. UBS Group assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 26th. They set a “hold” rating and a $17.00 target price for the company. Raymond James dropped their target price on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, August 29th. Finally, ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.43.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Earnings History for Hewlett Packard Enterprise (NYSE:HPE)

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