Hewlett Packard Enterprise (NYSE:HPE – Get Ranking) posted its earnings outcomes on Tuesday. The expertise firm reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48, RTT Information studies. The agency had income of $6.95 billion throughout the quarter, in comparison with the consensus estimate of $6.97 billion. Hewlett Packard Enterprise had a web margin of 13.28% and a return on fairness of 19.01%. The corporate’s income was up .8% on a year-over-year foundation. Throughout the identical quarter final yr, the corporate earned $0.29 earnings per share.
Hewlett Packard Enterprise Inventory Down 0.5 %
HPE traded down $0.07 throughout buying and selling on Tuesday, hitting $13.65. 11,987,031 shares of the corporate’s inventory traded palms, in comparison with its common quantity of 10,743,448. Hewlett Packard Enterprise has a 12-month low of $12.40 and a 12-month excessive of $17.76. The corporate’s 50 day easy shifting common is $13.91 and its two-hundred day easy shifting common is $15.19. The corporate has a present ratio of 0.90, a fast ratio of 0.64 and a debt-to-equity ratio of 0.43. The inventory has a market capitalization of $17.74 billion, a price-to-earnings ratio of 4.91, a PEG ratio of three.04 and a beta of 1.15.
Hewlett Packard Enterprise Dividend Announcement
The agency additionally lately disclosed a quarterly dividend, which was paid on Friday, July eighth. Traders of document on Monday, June thirteenth got a $0.12 dividend. The ex-dividend date was Friday, June tenth. This represents a $0.48 annualized dividend and a yield of three.52%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 17.27%.
Insider Transactions at Hewlett Packard Enterprise
In associated information, EVP Thomas E. Black, Jr. bought 28,347 shares of Hewlett Packard Enterprise inventory in a transaction dated Tuesday, June seventh. The inventory was bought at a median worth of $15.26, for a complete worth of $432,575.22. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which might be accessed by this hyperlink. In associated information, EVP Alan Richard Might bought 94,705 shares of Hewlett Packard Enterprise inventory in a transaction dated Friday, June third. The inventory was bought at a median worth of $15.08, for a complete worth of $1,428,151.40. Following the completion of the sale, the manager vice chairman now immediately owns 310,500 shares within the firm, valued at roughly $4,682,340. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is on the market by this hyperlink. Additionally, EVP Thomas E. Black, Jr. bought 28,347 shares of Hewlett Packard Enterprise inventory in a transaction dated Tuesday, June seventh. The inventory was bought at a median worth of $15.26, for a complete worth of $432,575.22. The disclosure for this sale might be discovered right here. Firm insiders personal 0.45% of the corporate’s inventory.
Institutional Inflows and Outflows
A number of institutional buyers and hedge funds have lately purchased and bought shares of HPE. First Manhattan Co. boosted its place in Hewlett Packard Enterprise by 89.4% within the first quarter. First Manhattan Co. now owns 2,413 shares of the expertise firm’s inventory price $40,000 after buying a further 1,139 shares over the last quarter. Walleye Capital LLC bought a brand new place in Hewlett Packard Enterprise within the first quarter price about $181,000. Fund Administration at Engine No. 1 LLC bought a brand new place in Hewlett Packard Enterprise within the first quarter price about $183,000. Colony Group LLC bought a brand new place in Hewlett Packard Enterprise within the second quarter price about $233,000. Lastly, EP Wealth Advisors LLC boosted its place in Hewlett Packard Enterprise by 18.8% within the first quarter. EP Wealth Advisors LLC now owns 14,641 shares of the expertise firm’s inventory price $245,000 after buying a further 2,318 shares over the last quarter. 82.09% of the inventory is owned by hedge funds and different institutional buyers.
Wall Road Analysts Forecast Progress
A number of analysts have issued studies on HPE shares. Deutsche Financial institution Aktiengesellschaft reduce shares of Hewlett Packard Enterprise from a “purchase” ranking to a “maintain” ranking and lowered their goal worth for the inventory from $18.00 to $16.00 in a analysis observe on Tuesday, June 14th. Barclays decreased their worth goal on Hewlett Packard Enterprise from $20.00 to $19.00 and set an “chubby” ranking on the inventory in a report on Thursday, June 2nd. Credit score Suisse Group began protection on Hewlett Packard Enterprise in a analysis observe on Tuesday, August sixteenth. They issued an “outperform” ranking and a $18.00 goal worth on the inventory. StockNews.com raised Hewlett Packard Enterprise from a “maintain” ranking to a “purchase” ranking in a analysis observe on Saturday. Lastly, Financial institution of America reduce Hewlett Packard Enterprise from a “purchase” ranking to a “impartial” ranking and reduce their goal worth for the inventory from $19.00 to $16.00 in a analysis observe on Friday, Might twentieth. Three analysts have rated the inventory with a promote ranking, two have given a maintain ranking and 9 have issued a purchase ranking to the inventory. Based on MarketBeat.com, Hewlett Packard Enterprise at the moment has a median ranking of “Maintain” and a median goal worth of $17.04.
Hewlett Packard Enterprise Firm Profile
Hewlett Packard Enterprise Firm gives options that permit prospects to seize, analyze, and act upon information seamlessly within the Americas, Europe, the Center East, Africa, the Asia Pacific, and Japan. The corporate gives common objective servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and options for secondary workloads and conventional tape, storage networking, and disk merchandise, corresponding to HPE Modular Storage Arrays and HPE XP.
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