Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Hewlett Packard Enterprise Company    HPE

HEWLETT PACKARD ENTERPRISE COMPANY

(HPE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

HP Stock Falls Amid Pandemic Uncertainty

share with twitter share with LinkedIn share with facebook
share via e-mail
05/28/2020 | 12:55pm EDT

By Maria Armental

HP Inc.'s stock declined 12% to $15.06 a day after the Silicon Valley company pulled financial projections for the year, citing uncertainty about the business impact of the pandemic, and left unresolved the timing of its promised $15 billion worth of stock repurchases.

Chief Executive Enrique Lores and Chief Financial Officer Steve Fieler, speaking with analysts at a conference call on Wednesday, said HP remained committed to a significantly enhanced repurchase program but said that specifics would be determined when market conditions stabilize.

In February --while locked in a hostile takeover fight with Xerox Holdings Corp. -- HP pledged to buy back $15 billion of its own stock with $8 billion of that in the first year.

The market capitalization of HP, born from the 2015 split of Hewlett-Packard Co., stands at roughly $22 billion.

HP's April quarter results showed the early impact of the pandemic, both in customers' buying changes and supply chain disruption that led to an 11% revenue decline.

Hardest hit in the April quarter was the print business, with both supply and hardware seeing a double-digit percentage decline.

The printing business, while smaller than the computer business, typically carries a larger profit margin.

In the April quarter, the print business' operating margin narrowed to 13.2%, from 16.4% a year earlier, while the personal systems' margin improved to 6.6%.

Over all, second-quarter profit fell 2.3% to $764 million, while revenue fell to $12.47 billion.

Earnings beat Wall Street targets but revenue fell short of analysts' projected $12.93 billion, according to FactSet.

Company officials said they saw a significant slowdown in commercial print in late March as offices closed and events and trade shows were cancelled, and said they expected a larger hit to the print business in the third quarter.

For the personal computer business, Mr. Fieler said it was a back-ended quarter, with remote work and schooling driving demand higher, particularly for notebooks.

HP historically doesn't give revenue projections but said that it expects profit this quarter to fall to a range of 35 cents to 41 cents a share, or 39 cents to 45 cents a share on an adjusted basis. Analysts, who expected 47 cents a share, have since revised their projections within HP's range, according to FactSet.

The Silicon Valley company said its supply chain returned to full capacity in early May, which should help it clear the backlog.

 

Write to Maria Armental at maria.armental@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
HEWLETT PACKARD ENTERPRISE COMPANY 1.25% 9.71 Delayed Quote.-38.78%
HP INC. 0.87% 15.14 Delayed Quote.-26.33%
NORTHPORT NETWORK SYSTEMS, INC. 0.00%End-of-day quote.0.00%
XEROX HOLDINGS CORPORATION -5.53% 15.88 Delayed Quote.-54.41%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on HEWLETT PACKARD ENTERPRISE
05/28HP Stock Falls Amid Pandemic Uncertainty
DJ
05/27HEWLETT PACKARD : Aruba Expands Instant On Portfolio to Support Small Business C..
BU
05/22GLOBAL MARKETS LIVE: Another Chinese company leaving the Nasdaq
05/22Global Stocks Waver as China Flexes Muscles Over Hong Kong
DJ
05/22Global Stocks Waver as China Flexes Muscles Over Hong Kong
DJ
05/22Global Stocks Waver as China Flexes Muscles Over Hong Kong
DJ
05/22Global Stocks Fall as China Flexes Muscles Over Hong Kong
DJ
05/22Global Stocks Fall as China Flexes Muscles Over Hong Kong
DJ
05/22INTERNATIONAL BUSINESS MACHINES : IBM's New CEO Sets His First Job Cuts
DJ
05/21INTERNATIONAL BUSINESS MACHINES : IBM Announces First Job Cuts Under New Chief E..
DJ
More news
Financials (USD)
Sales 2020 25 488 M - -
Net income 2020 -283 M - -
Net Debt 2020 10 881 M - -
P/E ratio 2020 -45,7x
Yield 2020 4,97%
Capitalization 12 448 M 12 448 M -
EV / Sales 2019
EV / Sales 2020 0,92x
Nbr of Employees 61 600
Free-Float 99,7%
Chart HEWLETT PACKARD ENTERPRISE COMPANY
Duration : Period :
Hewlett Packard Enterprise Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HEWLETT PACKARD ENTERPRISE
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 10,97 $
Last Close Price 9,71 $
Spread / Highest target 54,5%
Spread / Average Target 12,9%
Spread / Lowest Target -17,6%
EPS Revisions
Managers
NameTitle
Antonio Fabio Neri President, Chief Executive Officer & Director
Patricia Fiorello Russo Chairman
Tarek A. Robbiati Chief Financial Officer & Executive Vice President
Mark R. Potter CTO & Director-Hewlett Packard Labs
Daniel Ammann Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HEWLETT PACKARD ENTERPRISE COMPANY-38.78%12 448
DELL TECHNOLOGIES INC.-3.41%36 726
HP INC.-26.33%21 647
SEAGATE TECHNOLOGY PLC-10.86%13 611
LOGITECH INTERNATIONAL S.A.23.67%9 894
GOERTEK INC.6.63%9 439