Hewlett Packard Enterprise (NYSE:HPE) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.72-1.76 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.68. Hewlett Packard Enterprise also updated its Q guidance to $0.43-0.47 EPS.
NYSE:HPE traded up $0.43 during trading hours on Thursday, hitting $13.80. The company’s stock had a trading volume of 4,385,564 shares, compared to its average volume of 9,936,643. The business’s 50-day moving average is $13.82 and its two-hundred day moving average is $15.01. The company has a market capitalization of $17.33 billion, a PE ratio of 8.85, a PEG ratio of 1.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93. Hewlett Packard Enterprise has a 52-week low of $12.09 and a 52-week high of $17.59.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, August 27th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The firm had revenue of $7.22 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. Hewlett Packard Enterprise’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. As a group, analysts predict that Hewlett Packard Enterprise will post 1.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a $0.112 dividend. This represents a $0.45 annualized dividend and a yield of 3.25%. The ex-dividend date is Tuesday, September 10th. Hewlett Packard Enterprise’s payout ratio is 28.85%.
Several analysts have weighed in on HPE shares. Nomura lowered their target price on Hewlett Packard Enterprise from $17.00 to $16.00 and set a neutral rating on the stock in a report on Wednesday. ValuEngine lowered Hewlett Packard Enterprise from a sell rating to a strong sell rating in a report on Thursday, August 1st. TheStreet lowered Hewlett Packard Enterprise from a b- rating to a c+ rating in a report on Friday, August 23rd. Maxim Group lowered their target price on Hewlett Packard Enterprise from $17.00 to $15.00 and set a hold rating on the stock in a report on Wednesday. Finally, Longbow Research started coverage on Hewlett Packard Enterprise in a report on Friday, June 21st. They issued a neutral rating and a $15.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $16.31.
In related news, insider Philip Davis sold 10,088 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $14.96, for a total transaction of $150,916.48. Following the sale, the insider now owns 15,423 shares of the company’s stock, valued at $230,728.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Irv Rothman sold 84,629 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,129 shares of company stock worth $1,558,212. Corporate insiders own 0.56% of the company’s stock.
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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