Hewlett Packard Enterprise (HPE) Issues FY19 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $1.56-1.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.58. Hewlett Packard Enterprise also updated its FY 2019 guidance to $1.56-1.66 EPS.

A number of equities analysts have issued reports on the company. Zacks Investment Research reaffirmed a hold rating on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 13th. BMO Capital Markets reaffirmed a hold rating and set a $16.00 price target on shares of Hewlett Packard Enterprise in a research note on Thursday. Oppenheimer set a $18.00 price target on Hewlett Packard Enterprise and gave the company a buy rating in a research note on Wednesday, December 5th. ValuEngine lowered Hewlett Packard Enterprise from a hold rating to a sell rating in a research note on Tuesday, November 20th. Finally, Wolfe Research assumed coverage on Hewlett Packard Enterprise in a research note on Tuesday, December 11th. They set an underperform rating for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $17.92.

Shares of HPE traded up $0.18 during trading hours on Thursday, hitting $16.23. 15,679,166 shares of the company were exchanged, compared to its average volume of 10,458,769. The firm has a market cap of $22.74 billion, a PE ratio of 10.40, a P/E/G ratio of 1.92 and a beta of 1.60. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 0.48. Hewlett Packard Enterprise has a one year low of $12.09 and a one year high of $19.48.

Hewlett Packard Enterprise (NYSE:HPE) last released its earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $7.95 billion during the quarter, compared to analyst estimates of $7.84 billion. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.77%. Hewlett Packard Enterprise’s payout ratio is currently 28.85%.

In other news, insider Philip Davis sold 13,974 shares of the stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $15.75, for a total value of $220,090.50. Following the completion of the sale, the insider now owns 30,386 shares in the company, valued at $478,579.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kirt P. Karros sold 14,126 shares of the stock in a transaction on Friday, January 25th. The shares were sold at an average price of $15.00, for a total value of $211,890.00. The disclosure for this sale can be found here. Insiders sold 121,195 shares of company stock valued at $1,795,907 in the last 90 days. Corporate insiders own 0.56% of the company’s stock.

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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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Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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