Hewlett Packard Enterprise (NYSE:HPE) Updates Q Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) issued an update on its Q earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.43-0.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.43. Hewlett Packard Enterprise also updated its FY19 guidance to $1.72-1.76 EPS.

Shares of Hewlett Packard Enterprise stock traded down $0.01 during trading hours on Tuesday, reaching $12.93. The company’s stock had a trading volume of 14,173,389 shares, compared to its average volume of 10,159,014. The firm has a 50 day moving average price of $13.85 and a 200-day moving average price of $15.02. Hewlett Packard Enterprise has a one year low of $12.09 and a one year high of $17.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.93 and a quick ratio of 0.80. The stock has a market cap of $17.07 billion, a P/E ratio of 8.29, a P/E/G ratio of 1.22 and a beta of 1.58.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The firm had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the firm posted $0.44 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Hewlett Packard Enterprise will post 1.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a $0.112 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.46%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.

HPE has been the topic of a number of research reports. Nomura reduced their target price on shares of Hewlett Packard Enterprise from $20.00 to $17.00 and set a neutral rating on the stock in a report on Friday, May 24th. TheStreet downgraded shares of Hewlett Packard Enterprise from a b- rating to a c+ rating in a report on Friday. Longbow Research started coverage on shares of Hewlett Packard Enterprise in a report on Friday, June 21st. They set a neutral rating and a $15.00 price target on the stock. ValuEngine downgraded shares of Hewlett Packard Enterprise from a sell rating to a strong sell rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $17.00 price target on the stock in a report on Wednesday, May 22nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $16.21.

In other Hewlett Packard Enterprise news, insider Irv Rothman sold 84,629 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip Davis sold 16,412 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $14.33, for a total transaction of $235,183.96. The disclosure for this sale can be found here. Insiders have sold a total of 111,129 shares of company stock worth $1,558,212 over the last quarter. 0.56% of the stock is currently owned by insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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