Wall Street brokerages predict that Hewlett Packard Enterprise Co (NYSE:HPE) will report earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Hewlett Packard Enterprise’s earnings, with estimates ranging from $0.33 to $0.36. Hewlett Packard Enterprise also posted earnings per share of $0.34 during the same quarter last year. The company is scheduled to issue its next earnings results after the market closes on Thursday, February 21st.
According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.54 to $1.63. For the next year, analysts expect that the company will post earnings of $1.70 per share, with EPS estimates ranging from $1.62 to $1.80. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Hewlett Packard Enterprise.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Hewlett Packard Enterprise had a return on equity of 10.44% and a net margin of 6.18%. The firm had revenue of $7.95 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.
HPE has been the topic of a number of recent analyst reports. Oppenheimer set a $18.00 target price on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Wednesday, December 5th. Morgan Stanley reissued an “equal weight” rating and issued a $15.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, January 16th. ValuEngine raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Maxim Group lowered their price target on Hewlett Packard Enterprise from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, December 6th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.08.
In other news, insider Philip Davis sold 13,974 shares of the business’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $15.75, for a total transaction of $220,090.50. Following the completion of the transaction, the insider now owns 30,386 shares of the company’s stock, valued at approximately $478,579.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Keerti Melkote sold 36,300 shares of the business’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $14.55, for a total value of $528,165.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,195 shares of company stock valued at $1,795,907. Corporate insiders own 1.18% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its holdings in Hewlett Packard Enterprise by 1,735.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,653,295 shares of the technology company’s stock worth $1,185,000 after purchasing an additional 14,800,633 shares in the last quarter. LSV Asset Management grew its position in shares of Hewlett Packard Enterprise by 26.1% in the 3rd quarter. LSV Asset Management now owns 19,860,982 shares of the technology company’s stock valued at $323,932,000 after buying an additional 4,108,350 shares during the last quarter. Cambiar Investors LLC bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $28,974,000. Bank of New York Mellon Corp grew its position in shares of Hewlett Packard Enterprise by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,535,270 shares of the technology company’s stock valued at $204,450,000 after buying an additional 1,229,369 shares during the last quarter. Finally, AMF Pensionsforsakring AB bought a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $14,395,000. 83.94% of the stock is owned by institutional investors.
Shares of NYSE:HPE traded down $0.04 during midday trading on Thursday, reaching $16.05. The company’s stock had a trading volume of 288,995 shares, compared to its average volume of 10,374,843. The firm has a market cap of $22.50 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.60. Hewlett Packard Enterprise has a fifty-two week low of $12.09 and a fifty-two week high of $19.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.00.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.80%. Hewlett Packard Enterprise’s payout ratio is 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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