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

Hewlett Packard Enterprise Company (NYSE:HPE) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Thursday, September 17th will be given a dividend of 0.1425 per share by the technology company on Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, September 17th.

Hewlett Packard Enterprise has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Hewlett Packard Enterprise has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hewlett Packard Enterprise to earn $3.63 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 15.7%.

Hewlett Packard Enterprise Stock Performance

Shares of HPE opened at $51.85 on Thursday. The company has a market cap of $68.66 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $49.63 and a 200-day moving average price of $37.46. Hewlett Packard Enterprise has a 12-month low of $19.84 and a 12-month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $12.21 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. Hewlett Packard Enterprise’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. As a group, equities analysts forecast that Hewlett Packard Enterprise will post 2.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Hewlett Packard Enterprise from $37.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Loop Capital upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and upped their price objective for the stock from $23.00 to $75.00 in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Hewlett Packard Enterprise in a research report on Tuesday. They set a “buy” rating and a $62.00 price objective on the stock. Piper Sandler reissued a “neutral” rating and set a $63.00 price objective (up from $23.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Hewlett Packard Enterprise from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 29th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.44.

About Hewlett Packard Enterprise

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.