Hewlett Packard Enterprise (NYSE:HPE) Releases FY20 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $1.30-1.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.32. Hewlett Packard Enterprise also updated its FY 2020
After-Hours guidance to 1.30-1.34 EPS.

Several equities research analysts have recently commented on HPE shares. Standpoint Research upgraded shares of Hewlett Packard Enterprise from a hold rating to a buy rating in a report on Tuesday, September 8th. Morgan Stanley lifted their price target on Hewlett Packard Enterprise from $11.00 to $12.00 and gave the company an equal weight rating in a research note on Friday. 140166 restated a hold rating and set a $10.00 target price on shares of Hewlett Packard Enterprise in a report on Monday, July 13th. Credit Suisse Group upped their price objective on Hewlett Packard Enterprise from $6.50 to $9.00 and gave the company an underperform rating in a report on Friday. Finally, UBS Group lifted their target price on Hewlett Packard Enterprise from $10.00 to $10.50 and gave the company a neutral rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. Hewlett Packard Enterprise currently has a consensus rating of Hold and a consensus target price of $12.24.

NYSE HPE opened at $9.48 on Friday. Hewlett Packard Enterprise has a twelve month low of $7.43 and a twelve month high of $17.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.83 and a current ratio of 0.99. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of -474.00, a PEG ratio of 1.50 and a beta of 1.22. The firm’s 50 day moving average price is $9.51 and its two-hundred day moving average price is $9.69.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. On average, research analysts forecast that Hewlett Packard Enterprise will post 1.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Tuesday, September 8th. Hewlett Packard Enterprise’s payout ratio is presently 27.12%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data from edge to cloud. The company offers industry standard servers for multi-workload computing; mission-critical servers; storage solutions; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE MSA and HPE XP.

See Also: Earnings Per Share (EPS)

Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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