Hewlett Packard Enterprise (NYSE:HPE – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.96-$2.04 for the period, compared to the consensus estimate of $2.03. The company issued revenue guidance of $28.62 billion-$28.89 billion, compared to the consensus revenue estimate of $28.23 billion. Hewlett Packard Enterprise also updated its Q4 2022 guidance to $0.52-$0.60 EPS.
Analysts Set New Price Targets
A number of research analysts have commented on HPE shares. Citigroup cut their target price on shares of Hewlett Packard Enterprise from $14.00 to $13.50 and set a sell rating on the stock in a research report on Thursday, June 2nd. Raymond James reaffirmed an outperform rating and set a $19.00 target price (down previously from $20.00) on shares of Hewlett Packard Enterprise in a report on Tuesday, June 21st. Bank of America cut shares of Hewlett Packard Enterprise from a buy rating to a neutral rating and decreased their target price for the company from $19.00 to $16.00 in a research report on Friday, May 20th. Morgan Stanley cut their price target on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an underweight rating on the stock in a research note on Wednesday, August 31st. Finally, Barclays dropped their price target on shares of Hewlett Packard Enterprise from $20.00 to $19.00 and set an overweight rating on the stock in a research note on Thursday, June 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise presently has a consensus rating of Hold and an average price target of $16.59.
Hewlett Packard Enterprise Stock Down 1.0 %
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NYSE:HPE opened at $13.24 on Tuesday. The stock’s fifty day simple moving average is $13.91 and its 200-day simple moving average is $15.18. Hewlett Packard Enterprise has a 12-month low of $12.40 and a 12-month high of $17.76. The firm has a market capitalization of $17.04 billion, a P/E ratio of 4.73, a P/E/G ratio of 2.88 and a beta of 1.15. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.44.
Hewlett Packard Enterprise (NYSE:HPE – Get Rating) last issued its quarterly earnings data on Tuesday, August 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Hewlett Packard Enterprise had a return on equity of 18.25% and a net margin of 13.31%. The company had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.97 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Equities research analysts expect that Hewlett Packard Enterprise will post 1.25 earnings per share for the current year.
Hewlett Packard Enterprise Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, September 12th will be paid a $0.12 dividend. The ex-dividend date is Friday, September 9th. This represents a $0.48 annualized dividend and a yield of 3.63%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 17.14%.
Institutional Trading of Hewlett Packard Enterprise
A number of hedge funds have recently made changes to their positions in HPE. Cambridge Investment Research Advisors Inc. increased its holdings in Hewlett Packard Enterprise by 10.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 74,736 shares of the technology company’s stock valued at $1,249,000 after buying an additional 7,285 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Hewlett Packard Enterprise by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,151 shares of the technology company’s stock worth $270,000 after buying an additional 1,809 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Hewlett Packard Enterprise by 46.4% in the 1st quarter. Raymond James Trust N.A. now owns 16,080 shares of the technology company’s stock worth $269,000 after purchasing an additional 5,095 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Hewlett Packard Enterprise by 9.8% during the 1st quarter. Blair William & Co. IL now owns 332,584 shares of the technology company’s stock valued at $5,557,000 after purchasing an additional 29,819 shares in the last quarter. Finally, Aviva PLC increased its holdings in Hewlett Packard Enterprise by 45.8% in the 1st quarter. Aviva PLC now owns 634,757 shares of the technology company’s stock worth $10,607,000 after acquiring an additional 199,382 shares in the last quarter. 82.09% of the stock is owned by institutional investors.
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. 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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