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.
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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