Hewlett Packard Enterprise (NYSE:HPE) Issues FY20 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.78-1.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. Hewlett Packard Enterprise also updated its FY19 guidance to $1.72-1.76 EPS.

NYSE HPE traded down $0.13 during trading hours on Thursday, reaching $15.89. 8,467,431 shares of the company’s stock traded hands, compared to its average volume of 10,088,362. Hewlett Packard Enterprise has a 52-week low of $12.09 and a 52-week high of $16.97. The firm has a market cap of $20.82 billion, a PE ratio of 10.19, a PEG ratio of 1.30 and a beta of 1.60. The firm has a 50-day simple moving average of $14.82 and a 200 day simple moving average of $14.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.88 and a quick ratio of 0.75.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, August 27th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Hewlett Packard Enterprise had a negative net margin of 0.63% and a positive return on equity of 12.92%. The company had revenue of $7.22 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the company posted $0.44 EPS. Hewlett Packard Enterprise’s revenue was down 7.0% on a year-over-year basis. Sell-side analysts forecast that Hewlett Packard Enterprise will post 1.74 EPS for the current fiscal year.

HPE has been the subject of a number of recent research reports. UBS Group set a $15.00 price target on shares of Hewlett Packard Enterprise and gave the company a sell rating in a research report on Monday, September 30th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $16.00 price objective for the company in a research note on Wednesday, October 16th. Bank of America upgraded shares of Hewlett Packard Enterprise from an underperform rating to a buy rating and set a $19.00 price objective for the company in a research note on Monday. Argus upgraded shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Thursday, August 29th. Finally, Nomura reduced their price objective on shares of Hewlett Packard Enterprise from $17.00 to $16.00 and set a neutral rating for the company in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $15.94.

In other news, EVP John F. Schultz sold 432,998 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $16.04, for a total value of $6,945,287.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio F. Neri sold 49,635 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.19, for a total transaction of $753,955.65. Following the completion of the sale, the chief executive officer now owns 29,602 shares of the company’s stock, valued at $449,654.38. The disclosure for this sale can be found here. Insiders sold 499,069 shares of company stock valued at $7,936,415 over the last quarter. Company insiders own 0.56% 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 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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