Hewlett Packard Enterprise (NYSE:HPE) Issues Quarterly Earnings Results

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) issued its quarterly earnings data on Tuesday. The technology company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.05, RTT News reports. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. Hewlett Packard Enterprise had a net margin of 8.56% and a return on equity of 8.94%. Hewlett Packard Enterprise's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Hewlett Packard Enterprise updated its FY 2025 guidance to 1.780-1.900 EPS and its Q3 2025 guidance to 0.400-0.450 EPS.

Hewlett Packard Enterprise Stock Up 0.6%

Shares of NYSE:HPE traded up $0.11 during trading on Thursday, hitting $17.95. The company's stock had a trading volume of 9,439,160 shares, compared to its average volume of 17,251,535. The business has a 50 day moving average price of $16.09 and a two-hundred day moving average price of $19.08. The company has a market capitalization of $23.58 billion, a PE ratio of 9.45, a P/E/G ratio of 2.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.29. Hewlett Packard Enterprise has a fifty-two week low of $11.97 and a fifty-two week high of $24.66.

Hewlett Packard Enterprise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 2.90%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 25.37%.

Analyst Ratings Changes

HPE has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Daiwa Capital Markets lowered shares of Hewlett Packard Enterprise from an "outperform" rating to a "neutral" rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Evercore ISI raised shares of Hewlett Packard Enterprise from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $17.00 to $22.00 in a research note on Tuesday, May 20th. Bank of America reduced their price target on shares of Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Wells Fargo & Company increased their price objective on shares of Hewlett Packard Enterprise from $17.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Moderate Buy" and an average target price of $21.33.

Insiders Place Their Bets

In related news, Director Bethany Mayer sold 6,409 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $13.19, for a total transaction of $84,534.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A hedge fund recently raised its stake in Hewlett Packard Enterprise stock. Empowered Funds LLC grew its holdings in Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 317.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 149,810 shares of the technology company's stock after buying an additional 113,906 shares during the period. Empowered Funds LLC's holdings in Hewlett Packard Enterprise were worth $2,312,000 at the end of the most recent reporting period. 80.78% of the stock is owned by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

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.