Hewlett Packard Enterprise (HPE) Releases Q1 2019 Earnings Guidance

Share on StockTwits

Hewlett Packard Enterprise (NYSE:HPE) updated its first quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.33-0.37 for the period, compared to the Thomson Reuters consensus estimate of $0.35. Hewlett Packard Enterprise also updated its FY 2019 guidance to $1.51-1.61 EPS.

Several brokerages have recently issued reports on HPE. ValuEngine cut Hewlett Packard Enterprise from a hold rating to a sell rating in a research note on Tuesday, November 20th. Zacks Investment Research reiterated a hold rating on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 13th. Raymond James decreased their price objective on Hewlett Packard Enterprise from $21.00 to $18.00 and set an outperform rating for the company in a research note on Thursday, October 25th. Oppenheimer set a $18.00 price objective on Hewlett Packard Enterprise and gave the company a buy rating in a research note on Thursday, October 25th. Finally, UBS Group began coverage on Hewlett Packard Enterprise in a research note on Wednesday, September 26th. They issued a hold rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.43.

Shares of NYSE HPE traded down $0.45 during midday trading on Tuesday, hitting $15.05. 17,873,123 shares of the company’s stock were exchanged, compared to its average volume of 11,393,653. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.00. Hewlett Packard Enterprise has a twelve month low of $13.99 and a twelve month high of $19.48. The firm has a market capitalization of $22.07 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.59.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 46.88%.

In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the transaction, the insider now owns 87,828 shares of the company’s stock, valued at $1,493,076. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Timothy C. Stonesifer sold 479,142 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $16.57, for a total value of $7,939,382.94. Following the transaction, the chief financial officer now directly owns 637,868 shares in the company, valued at approximately $10,569,472.76. The disclosure for this sale can be found here. Insiders have sold a total of 664,319 shares of company stock worth $10,978,971 in the last three months. Corporate insiders own 1.18% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Hewlett Packard Enterprise (HPE) Releases Q1 2019 Earnings Guidance” was posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.fairfieldcurrent.com/news/2018/12/04/hewlett-packard-enterprise-hpe-releases-q1-2019-earnings-guidance.html.

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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

See Also: Derivative

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

Receive News & Ratings for Hewlett Packard Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply