Analysts expect Hewlett Packard Enterprise Company (NYSE:HPE) to announce earnings of $0.26 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Hewlett Packard Enterprise’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.28. Hewlett Packard Enterprise posted earnings of $0.49 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 46.9%. The business is scheduled to report its next earnings results on Wednesday, September 6th.
According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.53. For the next financial year, analysts forecast that the firm will report earnings of $1.36 per share, with EPS estimates ranging from $1.18 to $1.55. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hewlett Packard Enterprise.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The firm had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the business earned $0.42 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was down 22.1% compared to the same quarter last year.
A number of brokerages have issued reports on HPE. Stifel Nicolaus restated a “hold” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, May 26th. Robert W. Baird restated a “hold” rating on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Credit Suisse Group restated a “buy” rating and set a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, May 23rd. Barclays PLC reduced their target price on Hewlett Packard Enterprise from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, May 10th. Finally, Jefferies Group LLC restated a “buy” rating and set a $22.00 target price on shares of Hewlett Packard Enterprise in a report on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.87.
In other news, CEO Margaret C. Whitman sold 251,268 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $17.40, for a total transaction of $4,372,063.20. Following the completion of the transaction, the chief executive officer now directly owns 865,021 shares in the company, valued at approximately $15,051,365.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeff T. Ricci sold 6,460 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $18.99, for a total value of $122,675.40. Following the transaction, the senior vice president now owns 10,352 shares of the company’s stock, valued at $196,584.48. The disclosure for this sale can be found here. Insiders have sold a total of 1,612,328 shares of company stock worth $28,048,424 in the last ninety days. Insiders own 0.87% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Hewlett Packard Enterprise by 3.9% in the first quarter. Vanguard Group Inc. now owns 109,348,198 shares of the technology company’s stock valued at $2,591,553,000 after buying an additional 4,103,276 shares in the last quarter. BlackRock Inc. increased its position in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after buying an additional 95,915,907 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Hewlett Packard Enterprise by 9.6% in the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after buying an additional 5,394,147 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Hewlett Packard Enterprise by 35.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 50,742,312 shares of the technology company’s stock valued at $1,202,593,000 after buying an additional 13,343,212 shares in the last quarter. Finally, Pzena Investment Management LLC increased its position in shares of Hewlett Packard Enterprise by 27.7% in the second quarter. Pzena Investment Management LLC now owns 22,129,234 shares of the technology company’s stock valued at $367,124,000 after buying an additional 4,794,388 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.
Shares of Hewlett Packard Enterprise (HPE) traded down 2.95% during midday trading on Monday, reaching $17.12. 8,867,038 shares of the company’s stock traded hands. The firm has a market capitalization of $28.12 billion, a P/E ratio of 12.98 and a beta of 2.74. The stock’s 50 day moving average price is $17.18 and its 200 day moving average price is $17.62. Hewlett Packard Enterprise has a 52-week low of $15.49 and a 52-week high of $19.16.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 20.16%.
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About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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