Hewlett Packard Enterprise (HPE) Issues FY18 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.18. Hewlett Packard Enterprise also updated its Q2 guidance to $0.29-0.33 EPS.

Hewlett Packard Enterprise (NYSE:HPE) traded up $0.16 during trading on Thursday, reaching $16.41. 16,230,000 shares of the company’s stock traded hands, compared to its average volume of 11,590,000. The firm has a market cap of $26,160.00 and a price-to-earnings ratio of 65.64. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 1 year low of $12.81 and a 1 year high of $19.16.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.78 billion. During the same quarter in the prior year, the business posted $0.61 EPS. Hewlett Packard Enterprise’s quarterly revenue was up 4.6% on a year-over-year basis. research analysts expect that Hewlett Packard Enterprise will post 1.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.83%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 120.00%.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Hewlett Packard Enterprise from a buy rating to a hold rating in a research note on Wednesday, November 15th. Sanford C. Bernstein restated a buy rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Morgan Stanley restated a hold rating and set a $14.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Gabelli restated a buy rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Finally, Bank of America restated a sell rating and set a $12.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $16.16.

In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 42,314 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $14.00, for a total value of $592,396.00. Following the completion of the sale, the executive vice president now directly owns 84,629 shares of the company’s stock, valued at approximately $1,184,806. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kirt P. Karros sold 9,135 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $14.33, for a total transaction of $130,904.55. Following the completion of the sale, the senior vice president now directly owns 4,173 shares of the company’s stock, valued at $59,799.09. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,407,123 shares of company stock valued at $22,389,810. Insiders own 1.18% of the company’s stock.

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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).

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

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