Hewlett Packard Enterprise (NYSE:HPE) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $1.62-1.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.65. Hewlett Packard Enterprise also updated its Q3 2019 guidance to $0.40-0.44 EPS.
Shares of Hewlett Packard Enterprise stock traded down $0.39 on Thursday, reaching $14.32. 12,414,697 shares of the stock were exchanged, compared to its average volume of 10,585,659. Hewlett Packard Enterprise has a 1-year low of $12.09 and a 1-year high of $17.59. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.56. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same period in the previous year, the business posted $0.34 earnings per share. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.1125 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.14%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 28.85%.
A number of research analysts have recently issued reports on HPE shares. UBS Group lowered shares of Hewlett Packard Enterprise from a neutral rating to a sell rating and dropped their price target for the stock from $17.00 to $13.00 in a research note on Tuesday, March 12th. Credit Suisse Group started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, April 11th. They set an underperform rating and a $14.00 price target on the stock. ValuEngine upgraded shares of Hewlett Packard Enterprise from a sell rating to a hold rating in a research note on Tuesday, January 29th. BMO Capital Markets reissued a hold rating and set a $16.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. Finally, Daiwa Capital Markets began coverage on shares of Hewlett Packard Enterprise in a report on Monday, April 1st. They set a hold rating and a $16.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $16.85.
In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 780,830 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $16.32, for a total value of $12,743,145.60. Following the sale, the executive vice president now owns 400,401 shares of the company’s stock, valued at $6,534,544.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Antonio F. Neri sold 591,276 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $16.51, for a total transaction of $9,761,966.76. Following the completion of the sale, the insider now directly owns 59,110 shares in the company, valued at approximately $975,906.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,251,562 shares of company stock worth $37,016,136. 0.56% of the stock is owned by insiders.
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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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