Hewlett Packard Enterprise (NYSE:HPE – Get Free Report) announced its quarterly earnings results on Wednesday. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03, Briefing.com reports. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. Hewlett Packard Enterprise’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS.
Hewlett Packard Enterprise Trading Down 6.0 %
Shares of NYSE:HPE opened at $17.64 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $19.45 and its 200 day moving average price is $18.44. The company has a market cap of $22.93 billion, a PE ratio of 12.88, a P/E/G ratio of 2.80 and a beta of 1.20. Hewlett Packard Enterprise has a fifty-two week low of $14.47 and a fifty-two week high of $22.82.
Hewlett Packard Enterprise Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.95%. Hewlett Packard Enterprise’s dividend payout ratio is currently 37.96%.
Wall Street Analysts Forecast Growth
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Insiders Place Their Bets
In other news, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Kirt P. Karros sold 30,686 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $20.49, for a total transaction of $628,756.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerri Gold sold 22,784 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $21.67, for a total value of $493,729.28. Following the completion of the transaction, the chief executive officer now owns 57,081 shares of the company’s stock, valued at approximately $1,236,945.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,141 shares of company stock worth $1,874,608. Insiders own 0.40% of the company’s stock.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.
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