Hewlett Packard Enterprise (NYSE:HPE) Releases Q1 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.47-0.52 for the period, compared to the consensus estimate of $0.49. Hewlett Packard Enterprise also updated its Q1 2025 guidance to 0.470-0.520 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays raised shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $20.00 to $24.00 in a research note on Wednesday, September 25th. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Citigroup upped their price objective on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Bank of America raised shares of Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, September 17th. Finally, Raymond James upgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.71.

Hewlett Packard Enterprise Stock Down 0.6 %

HPE traded down $0.13 during midday trading on Thursday, reaching $21.63. The company’s stock had a trading volume of 25,977,750 shares, compared to its average volume of 15,147,710. The firm has a market capitalization of $28.09 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 3.33 and a beta of 1.21. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Hewlett Packard Enterprise has a 1 year low of $14.47 and a 1 year high of $22.82. The stock’s 50-day moving average is $20.80 and its 200-day moving average is $19.83.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. As a group, research analysts expect that Hewlett Packard Enterprise will post 1.66 EPS for the current year.

Hewlett Packard Enterprise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.40%. Hewlett Packard Enterprise’s payout ratio is 37.14%.

Insider Activity

In other news, CEO Antonio F. Neri sold 250,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $20.73, for a total value of $5,182,500.00. Following the completion of the sale, the chief executive officer now owns 1,508,641 shares in the company, valued at approximately $31,274,127.93. The trade was a 14.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,061 shares in the company, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,012 shares of company stock worth $8,599,617 over the last 90 days. 0.40% of the stock is currently owned by insiders.

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.