Equities analysts expect that Hewlett Packard Enterprise Co (NYSE:HPE) will report earnings of $0.43 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Hewlett Packard Enterprise’s earnings, with estimates ranging from $0.41 to $0.44. Hewlett Packard Enterprise reported earnings per share of $0.29 during the same quarter last year, which indicates a positive year-over-year growth rate of 48.3%. The business is scheduled to announce its next earnings results on Tuesday, November 20th.
According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.54 per share for the current year, with EPS estimates ranging from $1.52 to $1.55. For the next fiscal year, analysts forecast that the company will report earnings of $1.53 per share, with EPS estimates ranging from $1.27 to $1.60. 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 released its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. The company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS.
Several equities research analysts have issued reports on HPE shares. Deutsche Bank boosted their price objective on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Oppenheimer set a $20.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, May 24th. Pivotal Research lowered their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, June 14th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, May 25th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus price target of $17.79.
In related news, insider Antonio F. Neri sold 36,556 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $16.50, for a total transaction of $603,174.00. Following the completion of the sale, the insider now owns 170,721 shares of the company’s stock, valued at $2,816,896.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Keerti Melkote sold 87,113 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $15.96, for a total transaction of $1,390,323.48. Following the sale, the insider now directly owns 102,283 shares of the company’s stock, valued at approximately $1,632,436.68. The disclosure for this sale can be found here. Insiders sold a total of 1,532,296 shares of company stock valued at $23,914,780 in the last ninety days. Corporate insiders own 1.18% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its position in Hewlett Packard Enterprise by 2.8% during the second quarter. Northern Trust Corp now owns 18,372,430 shares of the technology company’s stock valued at $268,421,000 after acquiring an additional 499,693 shares during the last quarter. HRT Financial LLC purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $304,000. City Holding Co. purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $278,000. WINTON GROUP Ltd lifted its position in Hewlett Packard Enterprise by 70.8% during the second quarter. WINTON GROUP Ltd now owns 1,193,187 shares of the technology company’s stock valued at $17,432,000 after acquiring an additional 494,697 shares during the last quarter. Finally, Andra AP fonden purchased a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $3,515,000. 82.78% of the stock is owned by institutional investors.
Hewlett Packard Enterprise stock traded up $0.14 during trading hours on Friday, hitting $17.01. The company had a trading volume of 453,894 shares, compared to its average volume of 10,587,788. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.84. Hewlett Packard Enterprise has a 1 year low of $12.81 and a 1 year high of $19.48.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be given a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.65%. Hewlett Packard Enterprise’s payout ratio is presently 46.88%.
About Hewlett Packard Enterprise
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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.
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