Hewlett Packard Enterprise (NYSE:HPE) Issues FY 2022 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPEGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $1.96-$2.10 for the period, compared to the consensus EPS estimate of $2.09. The company issued revenue guidance of $28.62 billion-$28.89 billion, compared to the consensus revenue estimate of $28.59 billion. Hewlett Packard Enterprise also updated its Q3 2022 guidance to $0.44-$0.54 EPS.

Shares of NYSE HPE traded down $0.27 during midday trading on Thursday, hitting $13.46. The stock had a trading volume of 186,427 shares, compared to its average volume of 10,878,935. The company’s 50-day simple moving average is $15.20 and its 200 day simple moving average is $15.99. The firm has a market cap of $17.49 billion, a P/E ratio of 4.94, a price-to-earnings-growth ratio of 3.11 and a beta of 1.15. Hewlett Packard Enterprise has a fifty-two week low of $12.99 and a fifty-two week high of $17.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.64.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last posted its earnings results on Wednesday, June 1st. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). Hewlett Packard Enterprise had a net margin of 13.28% and a return on equity of 19.01%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Equities analysts expect that Hewlett Packard Enterprise will post 1.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Monday, June 13th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.57%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 17.27%.

A number of brokerages have recently commented on HPE. KGI Securities began coverage on Hewlett Packard Enterprise in a report on Tuesday, April 19th. They issued an outperform rating on the stock. Citigroup dropped their target price on Hewlett Packard Enterprise from $14.00 to $13.50 and set a sell rating on the stock in a report on Thursday, June 2nd. Barclays dropped their target price on Hewlett Packard Enterprise from $20.00 to $19.00 and set an overweight rating on the stock in a report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft lowered Hewlett Packard Enterprise from a buy rating to a hold rating and dropped their target price for the stock from $18.00 to $16.00 in a report on Tuesday, June 14th. Finally, Sanford C. Bernstein upgraded Hewlett Packard Enterprise from a market perform rating to an outperform rating and set a $20.00 target price on the stock in a report on Wednesday, March 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $17.50.

In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 94,705 shares of the company’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the completion of the sale, the executive vice president now directly owns 310,500 shares in the company, valued at $4,682,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total value of $432,575.22. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the 1st quarter valued at $401,000. Horizon Investments LLC raised its position in Hewlett Packard Enterprise by 50.1% during the 1st quarter. Horizon Investments LLC now owns 20,579 shares of the technology company’s stock worth $344,000 after purchasing an additional 6,873 shares during the last quarter. Ergoteles LLC bought a new position in Hewlett Packard Enterprise during the 1st quarter worth $343,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Hewlett Packard Enterprise by 10.9% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 20,531 shares of the technology company’s stock worth $343,000 after purchasing an additional 2,019 shares during the last quarter. Finally, Forum Financial Management LP grew its holdings in Hewlett Packard Enterprise by 4.5% during the 1st quarter. Forum Financial Management LP now owns 19,650 shares of the technology company’s stock worth $328,000 after acquiring an additional 841 shares during the period. Institutional investors own 82.70% of the company’s stock.

Hewlett Packard Enterprise Company Profile (Get Rating)

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. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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