Hewlett Packard Enterprise (NYSE:HPE) Issues Q4 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.52-0.57 for the period, compared to the consensus EPS estimate of $0.55. The company issued revenue guidance of $8.10-8.40 billion, compared to the consensus revenue estimate of $8.16 billion.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HPE. Wells Fargo & Company increased their price target on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock an equal weight rating in a report on Wednesday, June 5th. StockNews.com raised shares of Hewlett Packard Enterprise from a hold rating to a buy rating in a report on Wednesday, June 5th. Sanford C. Bernstein increased their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a market perform rating in a report on Wednesday, June 5th. Susquehanna increased their price target on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a neutral rating in a report on Wednesday, June 5th. Finally, Morgan Stanley reaffirmed an equal weight rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a report on Thursday, June 20th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of Hold and a consensus target price of $21.18.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE traded down $0.29 during mid-day trading on Wednesday, reaching $18.77. The company’s stock had a trading volume of 17,683,111 shares, compared to its average volume of 14,953,450. The stock has a 50-day moving average of $19.57 and a two-hundred day moving average of $18.44. The stock has a market capitalization of $24.39 billion, a P/E ratio of 13.92, a P/E/G ratio of 2.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. Hewlett Packard Enterprise has a 1-year low of $14.47 and a 1-year high of $22.82.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. On average, equities research analysts anticipate that Hewlett Packard Enterprise will post 1.59 EPS for the current fiscal year.

Insider Activity

In related news, Director Gary M. Reiner sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares in the company, valued at $2,944,995.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Hewlett Packard Enterprise news, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the completion of the sale, the director now directly owns 150,948 shares in the company, valued at $2,944,995.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerri Gold sold 22,784 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $21.67, for a total transaction of $493,729.28. Following the sale, the chief executive officer now owns 57,081 shares of the company’s stock, valued at $1,236,945.27. The disclosure for this sale can be found here. Insiders sold 140,141 shares of company stock worth $2,850,108 over the last three months. Insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.