Research Analysts Issue Forecasts for Hewlett Packard Enterprise Co’s Q1 2019 Earnings (HPE)

Hewlett Packard Enterprise Co (NYSE:HPE) – Equities research analysts at Oppenheimer raised their Q1 2019 earnings estimates for shares of Hewlett Packard Enterprise in a report issued on Thursday, October 25th. Oppenheimer analyst G. Iwanyc now expects that the technology company will post earnings per share of $0.37 for the quarter, up from their prior estimate of $0.34. Oppenheimer currently has a “Buy” rating and a $18.00 target price on the stock.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share.

A number of other research analysts have also recently issued reports on the stock. UBS Group initiated coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, September 26th. They set a “hold” rating and a $17.00 price objective for the company. 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 report on Wednesday, August 29th. Zacks Investment Research upgraded 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 report on Thursday, August 30th. Raymond James decreased their price objective on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, August 29th. Finally, Sanford C. Bernstein cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.65.

HPE opened at $14.93 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. The company has a market cap of $21.53 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 0.99 and a beta of 1.77. Hewlett Packard Enterprise has a fifty-two week low of $12.81 and a fifty-two week high of $19.48.

Institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Hewlett Packard Enterprise by 16,531.4% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after buying an additional 8,431 shares during the period. TRUE Private Wealth Advisors acquired a new position in shares of Hewlett Packard Enterprise in the third quarter valued at approximately $137,000. Farmers Trust Co. acquired a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $150,000. North Star Investment Management Corp. acquired a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $150,000. Finally, Cerebellum GP LLC acquired a new position in shares of Hewlett Packard Enterprise in the second quarter valued at approximately $152,000. Institutional investors own 82.94% of the company’s stock.

In other news, insider Antonio F. Neri sold 82,893 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the transaction, the insider now owns 87,828 shares in the company, valued at $1,493,076. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Antonio F. Neri sold 36,556 shares of the company’s 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 transaction, the insider now owns 170,721 shares of the company’s stock, valued at approximately $2,816,896.50. The disclosure for this sale can be found here. Insiders sold 685,704 shares of company stock valued at $11,342,061 in the last quarter. Corporate insiders own 1.18% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) 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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Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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