Hewlett Packard Enterprise Co. (NYSE:HPE) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.90-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.92.
Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) traded up 0.94% during midday trading on Tuesday, reaching $21.47. The company’s stock had a trading volume of 11,685,976 shares. Hewlett Packard Enterprise Co. has a 52-week low of $11.62 and a 52-week high of $23.53. The company has a market capitalization of $35.76 billion and a price-to-earnings ratio of 8.96. The stock has a 50 day moving average price of $22.18 and a 200-day moving average price of $19.62.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.04. The business had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts expect that Hewlett Packard Enterprise Co. will post $1.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 12th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis 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 presently 9.17%.
A number of equities research analysts have weighed in on the company. Citigroup Inc. raised Hewlett Packard Enterprise from a neutral rating to a buy rating and raised their target price for the company from $20.00 to $25.00 in a report on Monday, July 25th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a buy rating and issued a $24.00 target price (up previously from $22.00) on shares of Hewlett Packard Enterprise in a report on Thursday, September 8th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $24.50 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, September 20th. Raymond James Financial Inc. assumed coverage on Hewlett Packard Enterprise in a report on Wednesday, August 17th. They issued a market perform rating and a $22.07 target price on the stock. Finally, Oppenheimer Holdings Inc. set a $25.00 target price on Hewlett Packard Enterprise and gave the company a buy rating in a report on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $21.60.
In other Hewlett Packard Enterprise news, EVP John F. Schultz sold 316,164 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $22.84, for a total transaction of $7,221,185.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Antonio F. Neri sold 11,781 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $22.68, for a total value of $267,193.08. Following the transaction, the executive vice president now owns 4,936 shares of the company’s stock, valued at approximately $111,948.48. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. increased its position in Hewlett Packard Enterprise by 2.1% in the second quarter. Wetherby Asset Management Inc. now owns 25,755 shares of the company’s stock worth $471,000 after buying an additional 532 shares during the period. Cedar Wealth Management LLC increased its position in Hewlett Packard Enterprise by 18.0% in the second quarter. Cedar Wealth Management LLC now owns 8,211 shares of the company’s stock worth $150,000 after buying an additional 1,251 shares during the period. Thrivent Financial for Lutherans increased its position in Hewlett Packard Enterprise by 2.8% in the second quarter. Thrivent Financial for Lutherans now owns 51,471 shares of the company’s stock worth $941,000 after buying an additional 1,390 shares during the period. Fairpointe Capital LLC increased its position in Hewlett Packard Enterprise by 1.7% in the second quarter. Fairpointe Capital LLC now owns 100,050 shares of the company’s stock worth $1,828,000 after buying an additional 1,700 shares during the period. Finally, TCW Group Inc. increased its position in Hewlett Packard Enterprise by 1.5% in the second quarter. TCW Group Inc. now owns 121,850 shares of the company’s stock worth $2,226,000 after buying an additional 1,750 shares during the period. Institutional investors and hedge funds own 80.50% of the company’s stock.
Hewlett Packard Enterprise Company Profile
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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