Hewlett Packard Enterprise (HPE) Releases Q1 Earnings Guidance
Hewlett Packard Enterprise (NYSE:HPE) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.33-0.37 for the period, compared to the Thomson Reuters consensus estimate of $0.35. Hewlett Packard Enterprise also updated its FY 2019 guidance to $1.51-1.61 EPS.
Several equities research analysts have commented on the company. Maxim Group cut their price objective on Hewlett Packard Enterprise from $18.00 to $17.00 and set a hold rating for the company in a research note on Thursday. Deutsche Bank boosted their price objective on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a buy rating in a research note on Wednesday, August 29th. Oppenheimer set a $18.00 price objective on Hewlett Packard Enterprise and gave the stock a buy rating in a research note on Wednesday. Raymond James cut their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an outperform rating for the company in a research note on Thursday, October 25th. Finally, Zacks Investment Research upgraded Hewlett Packard Enterprise from a hold rating to a buy rating and set a $19.00 price objective for the company in a research note on Thursday, August 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $18.36.
Shares of HPE stock traded up $0.47 during trading hours on Thursday, reaching $15.52. The company had a trading volume of 138,757 shares, compared to its average volume of 11,497,312. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84. The firm has a market capitalization of $22.15 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. Hewlett Packard Enterprise has a 12-month low of $13.99 and a 12-month high of $19.48.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be given a $0.1125 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.90%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.
In related news, insider Keerti Melkote sold 102,284 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $15.94, for a total value of $1,630,406.96. Following the completion of the transaction, the insider now directly owns 102,284 shares in the company, valued at $1,630,406.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the transaction, the chief financial officer now owns 637,868 shares of the company’s stock, valued at $10,569,472.76. The disclosure for this sale can be found here. Insiders sold 664,319 shares of company stock valued at $10,978,971 over the last 90 days. Company insiders own 1.18% of the company’s stock.
Hewlett Packard Enterprise Company Profile
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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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