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.
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.
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