Hewlett Packard Enterprise Co (NYSE:HPE) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Wednesday, December 11th will be paid a dividend of 0.12 per share by the technology company on Thursday, January 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11.
Hewlett Packard Enterprise stock opened at $15.91 on Friday. Hewlett Packard Enterprise has a 12-month low of $12.09 and a 12-month high of $17.59. The stock has a market cap of $20.80 billion, a P/E ratio of 8.99, a PEG ratio of 1.28 and a beta of 1.56. The company has a 50-day moving average price of $16.48 and a 200 day moving average price of $14.85. The company has a current ratio of 0.79, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, November 25th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.41 billion. Hewlett Packard Enterprise had a net margin of 3.60% and a return on equity of 13.55%. Hewlett Packard Enterprise’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.87 EPS for the current year.
HPE has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Maxim Group upped their price objective on Hewlett Packard Enterprise from $15.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. ValuEngine upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th. Evercore ISI reiterated a “hold” rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a research report on Sunday, November 24th. Finally, Oppenheimer reduced their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Four research 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’s stock. The stock has an average rating of “Hold” and an average target price of $16.47.
About Hewlett Packard Enterprise
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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