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).
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