Hewlett Packard Enterprise Company (NYSE:HPE) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.15-$1.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.19.
Hewlett Packard Enterprise Company (NYSE HPE) traded up 0.21% on Friday, hitting $14.28. 7,034,055 shares of the company’s stock traded hands. The stock has a 50-day moving average of $14.23 and a 200-day moving average of $13.89. The stock has a market cap of $23.13 billion, a PE ratio of 198.33 and a beta of 2.71. Hewlett Packard Enterprise Company has a one year low of $12.51 and a one year high of $15.12.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities analysts forecast that Hewlett Packard Enterprise Company will post $1.38 earnings per share for the current fiscal year.
Hewlett Packard Enterprise announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
A number of brokerages recently issued reports on HPE. Oppenheimer Holdings, Inc. restated a buy rating and issued a $17.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. Barclays PLC boosted their target price on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the company an underweight rating in a research note on Friday, September 1st. Jefferies Group LLC reiterated a buy rating and set a $22.00 target price on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Loop Capital began coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, August 22nd. They set a hold rating and a $17.00 target price for the company. Finally, BidaskClub upgraded shares of Hewlett Packard Enterprise from a sell rating to a hold rating in a research note on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $17.79.
In other Hewlett Packard Enterprise news, EVP Henry Gomez sold 494,360 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total value of $7,351,133.20. Following the completion of the sale, the executive vice president now directly owns 494,360 shares of the company’s stock, valued at approximately $7,351,133.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 251,268 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares of the company’s stock, valued at $15,051,365.40. The disclosure for this sale can be found here. Insiders sold a total of 3,265,866 shares of company stock valued at $49,009,446 over the last three months. 0.87% of the stock is owned by corporate insiders.
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About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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