Hewlett Packard Enterprise (HPE) Updates Q2 2019 Earnings Guidance

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Hewlett Packard Enterprise (NYSE:HPE) updated its second quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.34-0.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.36. Hewlett Packard Enterprise also updated its FY 2019 guidance to $1.56-1.66 EPS.

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

NYSE:HPE traded up $0.18 on Thursday, hitting $16.23. 15,679,166 shares of the stock were exchanged, compared to its average volume of 10,458,769. The stock has a market capitalization of $22.74 billion, a P/E ratio of 10.40, a P/E/G ratio of 1.92 and a beta of 1.60. Hewlett Packard Enterprise has a 52 week low of $12.09 and a 52 week high of $19.48. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $7.95 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. As a group, equities analysts predict that Hewlett Packard Enterprise will post 1.57 EPS for the current year.

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

In other news, insider Keerti Melkote sold 36,300 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $14.55, for a total transaction of $528,165.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip Davis sold 13,974 shares of the business’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $15.00, for a total value of $209,610.00. Following the transaction, the insider now owns 67,508 shares of the company’s stock, valued at $1,012,620. The disclosure for this sale can be found here. Insiders have sold a total of 121,195 shares of company stock valued at $1,795,907 over the last three months. Company insiders own 0.56% of the company’s stock.

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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.

Further Reading: Buyback

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

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