Equities research analysts expect Hewlett Packard Enterprise Co (NYSE:HPE) to report $0.36 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Hewlett Packard Enterprise’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.34. Hewlett Packard Enterprise reported earnings per share of $0.34 during the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The company is expected to announce its next quarterly earnings results on Tuesday, May 28th.
On average, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.72. For the next financial year, analysts forecast that the business will report earnings of $1.76 per share, with EPS estimates ranging from $1.71 to $1.81. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Hewlett Packard Enterprise.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, February 21st. The technology company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Hewlett Packard Enterprise had a return on equity of 11.31% and a net margin of 2.11%. During the same quarter last year, the company earned $0.34 EPS.
Several equities analysts have recently weighed in on the company. ValuEngine cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Daiwa Capital Markets assumed coverage on Hewlett Packard Enterprise in a report on Monday, April 1st. They issued a “hold” rating and a $16.00 price objective for the company. UBS Group cut Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $17.00 to $13.00 in a report on Tuesday, March 12th. Wolfe Research initiated coverage on Hewlett Packard Enterprise in a report on Tuesday, December 11th. They set an “underperform” rating for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $15.00 price target (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, January 16th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.17.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 13,974 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $16.50, for a total transaction of $230,571.00. Following the completion of the sale, the insider now directly owns 16,412 shares in the company, valued at $270,798. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Antonio F. Neri sold 398,145 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $16.50, for a total transaction of $6,569,392.50. Following the sale, the insider now owns 4,936 shares of the company’s stock, valued at $81,444. The disclosure for this sale can be found here. Insiders have sold 1,702,360 shares of company stock valued at $27,895,760 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Legacy Bridge LLC acquired a new stake in Hewlett Packard Enterprise during the fourth quarter worth approximately $25,000. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $26,000. Liberty Wealth Management LLC acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $34,000. JNBA Financial Advisors raised its position in shares of Hewlett Packard Enterprise by 1,300.0% in the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock valued at $37,000 after buying an additional 2,600 shares in the last quarter. Finally, Truehand Inc acquired a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 82.92% of the company’s stock.
Shares of NYSE HPE traded up $0.08 during mid-day trading on Monday, hitting $16.15. The company had a trading volume of 6,083,878 shares, compared to its average volume of 11,721,953. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.55 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.94 and a quick ratio of 0.80. Hewlett Packard Enterprise has a one year low of $12.09 and a one year high of $17.88.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 12th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Tuesday, June 11th. Hewlett Packard Enterprise’s payout ratio is currently 28.85%.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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