Hewlett Packard Enterprise (NYSE:HPE) Announces Earnings Results, Beats Estimates By $0.03 EPS

Hewlett Packard Enterprise (NYSE:HPE) released its earnings results on Monday. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03, RTT News reports. The firm had revenue of $7.22 billion for the quarter, compared to analyst estimates of $7.41 billion. Hewlett Packard Enterprise had a return on equity of 13.38% and a net margin of 3.60%. Hewlett Packard Enterprise’s revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Hewlett Packard Enterprise updated its Q1 guidance to $0.42-0.46 EPS and its FY20 guidance to $1.78-1.94 EPS.

Shares of NYSE HPE opened at $15.94 on Thursday. Hewlett Packard Enterprise has a one year low of $12.09 and a one year high of $17.59. The firm has a market capitalization of $22.78 billion, a PE ratio of 9.01, a PEG ratio of 1.41 and a beta of 1.61. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $16.24 and a two-hundred day moving average price of $14.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 10th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 3.01%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 25.42%.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,436 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $14.43, for a total transaction of $237,171.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeff T. Ricci sold 20,457 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.01, for a total value of $347,973.57. Following the sale, the senior vice president now owns 20,457 shares of the company’s stock, valued at $347,973.57. The disclosure for this sale can be found here. Insiders have sold a total of 519,526 shares of company stock valued at $8,284,389 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.

A number of research firms recently issued reports on HPE. Loop Capital lowered their target price on Hewlett Packard Enterprise to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 28th. TheStreet upgraded Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research report on Monday. ValuEngine upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th. Susquehanna Bancshares reiterated a “hold” rating and issued a $17.00 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday. Finally, Citigroup increased their price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.53.

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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Earnings History for Hewlett Packard Enterprise (NYSE:HPE)

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