Hewlett Packard Enterprise (HPE) Releases FY19 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.51-1.61 for the period, compared to the Thomson Reuters consensus estimate of $1.57. Hewlett Packard Enterprise also updated its FY 2019 guidance to $1.51-1.61 EPS.

A number of brokerages have weighed in on HPE. Zacks Investment Research raised Hewlett Packard Enterprise from a hold rating to a buy rating and set a $19.00 target price for the company in a research report on Thursday, August 30th. Raymond James decreased their target price on Hewlett Packard Enterprise from $24.00 to $21.00 and set an outperform rating for the company in a research report on Wednesday, August 29th. BMO Capital Markets decreased their target price on Hewlett Packard Enterprise from $19.00 to $18.00 and set a market perform rating for the company in a research report on Wednesday, August 29th. Maxim Group reaffirmed a hold rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday, August 29th. Finally, Deutsche Bank boosted their price target on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a buy rating in a research report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $17.65.

Shares of HPE traded down $0.52 during trading hours on Friday, hitting $14.63. The company had a trading volume of 489,983 shares, compared to its average volume of 11,399,927. The firm has a market cap of $23.31 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.05 and a beta of 1.77. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a one year low of $12.81 and a one year high of $19.48.



Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Hewlett Packard Enterprise had a return on equity of 9.38% and a net margin of 10.43%. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Hewlett Packard Enterprise will post 1.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be paid a dividend of $0.1125 per share. The ex-dividend date is Tuesday, December 11th. This represents a $0.45 annualized dividend and a yield of 3.08%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 46.88%.

In related news, insider Keerti Melkote sold 87,113 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $15.96, for a total transaction of $1,390,323.48. Following the transaction, the insider now directly owns 102,283 shares in the company, valued at approximately $1,632,436.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 637,868 shares in the company, valued at $10,569,472.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 685,704 shares of company stock worth $11,342,061. 1.18% of the stock is owned by company 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, 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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Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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