Hewlett Packard Enterprise Co. (HPE) Issues Quarterly Earnings Results, Meets Estimates
Hewlett Packard Enterprise Co. (NYSE:HPE) announced its earnings results on Tuesday. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Hewlett Packard Enterprise updated its Q1 guidance to $0.42-0.46 EPS and its FY17 guidance to $2.00-2.10 EPS.
Hewlett Packard Enterprise (NYSE:HPE) traded down 1.08% during midday trading on Tuesday, reaching $22.87. The company’s stock had a trading volume of 24,099,864 shares. The firm’s 50-day moving average price is $22.41 and its 200-day moving average price is $20.55. The stock has a market capitalization of $38.09 billion and a PE ratio of 9.54. Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.85.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.065 per share. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a yield of 1.14%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 9.17%.
In related news, EVP John F. Schultz sold 316,164 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $22.84, for a total value of $7,221,185.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $22.01, for a total value of $2,236,436.10. Following the completion of the sale, the chief financial officer now owns 101,610 shares in the company, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in Hewlett Packard Enterprise by 70.7% in the third quarter. D.A. Davidson & CO. now owns 8,571 shares of the company’s stock worth $194,000 after buying an additional 3,549 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Hewlett Packard Enterprise by 22.5% in the third quarter. Ameritas Investment Partners Inc. now owns 39,728 shares of the company’s stock worth $904,000 after buying an additional 7,285 shares in the last quarter. Arvest Bank Trust Division boosted its stake in Hewlett Packard Enterprise by 0.6% in the second quarter. Arvest Bank Trust Division now owns 441,715 shares of the company’s stock worth $8,070,000 after buying an additional 2,462 shares in the last quarter. Pine River Capital Management L.P. purchased a new stake in Hewlett Packard Enterprise during the second quarter worth $4,443,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in Hewlett Packard Enterprise during the second quarter worth about $230,000. Institutional investors and hedge funds own 79.61% of the company’s stock.
HPE has been the topic of a number of research reports. Mizuho increased their price objective on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, October 19th. Credit Suisse Group AG reissued a “buy” rating and issued a $26.00 price objective on shares of Hewlett Packard Enterprise in a report on Monday, November 7th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, October 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of Hewlett Packard Enterprise in a report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.49.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
Receive News & Stock Ratings for Hewlett Packard Enterprise Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co. and related stocks with our FREE daily email newsletter.