Hewlett Packard Enterprise Company to Issue Quarterly Dividend of $0.14 (NYSE:HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) announced a quarterly dividend on Monday, June 1st. Investors of record on Tuesday, June 16th will be paid a dividend of 0.1425 per share by the technology company on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 16th.

Hewlett Packard Enterprise has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Hewlett Packard Enterprise has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hewlett Packard Enterprise to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 24.9%.

Hewlett Packard Enterprise Stock Up 37.9%

NYSE HPE traded up $16.33 on Tuesday, hitting $59.37. 106,917,826 shares of the stock were exchanged, compared to its average volume of 19,915,974. Hewlett Packard Enterprise has a fifty-two week low of $17.02 and a fifty-two week high of $47.97. The company has a 50-day moving average price of $29.23 and a 200-day moving average price of $24.80. The company has a market cap of $78.77 billion, a PE ratio of -249.32, a PEG ratio of 1.10 and a beta of 1.28. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.82) EPS. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Sell-side analysts anticipate that Hewlett Packard Enterprise will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup upped their price target on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Company upped their target price on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Raymond James Financial boosted their price target on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday. Truist Financial initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, March 31st. They issued a “buy” rating and a $31.00 price target for the company. Finally, Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $25.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.47.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.