Hewlett Packard Enterprise -6% on Q4 beats, downside guidance, CEO change

Meg Whitman tells employees that news of her departure should have come 'as no surprise'

BidaskClub lowered Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a research report on Saturday, August 5th. They set a "hold" rating and a $17.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Also, SVP Jeff T. Ricci sold 87,324 shares of the stock in a transaction on Monday, November 6th.

Neri, 50, joined HP in 1995 and has served in an array of roles, eventually leading HPE's primary lines of business. The shares were sold at an average price of $14.87, for a total transaction of $7,351,133.20. The disclosure for this sale can be found here. Its last month's stock price volatility remained 2.35% which for the week stands at 2%.

Shares of HP were down 5 percent after-hours; the company also released its quarterly earnings on Tuesday. The target implies a 5.18% spike from where the shares are now trading. The current ratio is valued at 1.3 with a quick ratio of 1.1. The company has a market cap of $22,870.00 and a P/E ratio of 8.44. The company provided earnings per share guidance of $0.20-0.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27.

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Wall Street was looking for first quarter non-GAAP earnings of 28 cents a share with $7.75 billion in revenue. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The company's quarterly revenue was up 2.5% compared to the same quarter a year ago. "Today, Hewlett Packard moves forward as four industry-leading companies that are each well positioned to win in their respective markets".

Under Whitman's leadership, significant shareholder value has been created, including almost $18 billion in share repurchases and dividends. Stockholders of record on Wednesday, December 13th will be paid a $0.075 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.30 annualized dividend and a yield of 2.13%. The payout ratio also demonstrates whether the company is using much of its incomes to reinvest in the company in order to progress further. The Enterprise Group is the company's largest revenue contributor, accounting for more than half of total revenues. If you are reading this piece of content on another publication, it was stolen and republished in violation of US and global trademark and copyright laws. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected and other risks that are described in Hewlett Packard Enterprise's filings with the Securities and Exchange Commission, including but not limited to the risks described in Hewlett Packard Enterprise's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. In his more than two decades at the company, starting as a customer-service engineer in a call center, Neri climbed to one of the top leadership positions at the Enterprise Group.

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