Hewlett Packard Enterprise Co (NYSE:HPE) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, December 11th will be given a dividend of 0.12 per share by the technology company on Thursday, January 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Tuesday, December 10th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11.
Shares of NYSE HPE opened at $15.91 on Monday. The firm’s 50-day moving average price is $16.48 and its 200-day moving average price is $14.85. Hewlett Packard Enterprise has a 1-year low of $12.09 and a 1-year high of $17.59. The firm has a market capitalization of $20.77 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.28 and a beta of 1.57. 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 released its quarterly earnings data on Monday, November 25th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The company had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Hewlett Packard Enterprise had a net margin of 3.60% and a return on equity of 13.55%. The business’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.87 EPS for the current year.
A number of research analysts recently weighed in on HPE shares. Susquehanna Bancshares reaffirmed a “hold” rating and set a $17.00 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 26th. ValuEngine raised Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a research note on Monday, November 4th. Raymond James raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Loop Capital decreased their price objective on Hewlett Packard Enterprise to $19.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Finally, Evercore ISI reaffirmed a “hold” rating and set a $16.00 target price on shares of Hewlett Packard Enterprise in a research report on Sunday, November 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.47.
In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 49,635 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.19, for a total transaction of $753,955.65. Following the completion of the transaction, the chief executive officer now directly owns 29,602 shares of the company’s stock, valued at $449,654.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeff T. Ricci sold 20,457 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $17.01, for a total value of $347,973.57. Following the completion of the sale, the senior vice president now directly owns 20,457 shares of the company’s stock, valued at $347,973.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 519,526 shares of company stock valued at $8,284,389. Company insiders own 0.56% of the company’s stock.
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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