Hewlett Packard Enterprise Co. (HPE) Updates FY16 Earnings Guidance
Hewlett Packard Enterprise Co. (NYSE:HPE) updated its FY16 earnings guidance on Tuesday. The company provided EPS guidance of $1.90-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.92.
HPE has been the subject of several recent research reports. Oppenheimer Holdings Inc. reissued a buy rating and issued a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, June 27th. Wells Fargo & Co. reissued a market perform rating on shares of Hewlett Packard Enterprise in a research note on Saturday, July 2nd. Jefferies Group reissued a buy rating and issued a $25.50 price objective (up previously from $24.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 5th. BMO Capital Markets reissued a buy rating on shares of Hewlett Packard Enterprise in a research note on Sunday, July 10th. Finally, Citigroup Inc. raised shares of Hewlett Packard Enterprise from a neutral rating to a buy rating and raised their price objective for the company from $20.00 to $25.00 in a research note on Monday, July 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $21.60.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded up 0.94% during midday trading on Tuesday, hitting $21.47. 11,685,976 shares of the company’s stock traded hands. The company has a 50 day moving average of $22.18 and a 200 day moving average of $19.62. Hewlett Packard Enterprise Co. has a 52 week low of $11.62 and a 52 week high of $23.53. The stock has a market cap of $35.76 billion and a P/E ratio of 8.96.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The business had revenue of $12.20 billion for the quarter, compared to analyst estimates of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities analysts forecast that Hewlett Packard Enterprise Co. will post $1.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 12th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, October 7th. Hewlett Packard Enterprise’s dividend payout ratio is currently 9.17%.
In related news, Director Ann M. Livermore sold 44,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $22.65, for a total transaction of $996,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the sale, the chief financial officer now directly owns 101,610 shares in the company, valued at $2,236,436.10. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
Several large investors have recently bought and sold shares of HPE. MCF Advisors LLC raised its stake in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 shares in the last quarter. Cedar Wealth Management LLC raised its stake in shares of Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock valued at $150,000 after buying an additional 1,251 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $230,000. Johnson Investment Counsel Inc. bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $240,000. Finally, Advisor Group Inc. bought a new stake in shares of Hewlett Packard Enterprise during the second quarter valued at $339,000. 80.50% of the stock is currently owned by institutional investors and hedge funds.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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