Hewlett Packard Enterprise Co (HPE) Expected to Post Earnings of $0.43 Per Share

Wall Street analysts expect that Hewlett Packard Enterprise Co (NYSE:HPE) will report $0.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Hewlett Packard Enterprise’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.41. Hewlett Packard Enterprise reported earnings of $0.29 per share in the same quarter last year, which would indicate a positive year over year growth rate of 48.3%. The firm is scheduled to issue its next earnings results on Tuesday, November 20th.

On average, analysts expect that Hewlett Packard Enterprise will report full-year earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.55. For the next fiscal year, analysts expect that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.55 to $1.67. Zacks’ EPS averages are an average based on a survey of analysts that follow Hewlett Packard Enterprise.

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

HPE has been the topic of several research reports. Zacks Investment Research cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Sanford C. Bernstein cut Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $20.00 to $18.00 in a report on Tuesday, August 21st. Oppenheimer set a $20.00 price target on Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Tuesday, August 28th. Maxim Group restated a “hold” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Finally, Deutsche Bank boosted their price target on Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $17.81.

In related news, insider Keerti Melkote sold 102,284 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $15.94, for a total value of $1,630,406.96. Following the sale, the insider now directly owns 102,284 shares in the company, valued at $1,630,406.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $16.57, for a total value of $7,939,382.94. Following the completion of the sale, the chief financial officer now owns 637,868 shares in the company, valued at $10,569,472.76. The disclosure for this sale can be found here. Insiders sold 664,319 shares of company stock worth $10,978,971 over the last quarter. 1.18% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in HPE. BlackRock Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 1.7% during the 2nd quarter. BlackRock Inc. now owns 99,730,532 shares of the technology company’s stock worth $1,457,065,000 after buying an additional 1,626,048 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Hewlett Packard Enterprise by 1.1% during the 3rd quarter. Pzena Investment Management LLC now owns 34,394,158 shares of the technology company’s stock worth $560,969,000 after buying an additional 390,298 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 22,448,770 shares of the technology company’s stock worth $366,140,000 after buying an additional 234,213 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Hewlett Packard Enterprise by 26.1% during the 3rd quarter. LSV Asset Management now owns 19,860,982 shares of the technology company’s stock worth $323,932,000 after buying an additional 4,108,350 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of 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 worth $268,421,000 after purchasing an additional 499,693 shares during the period. Institutional investors and hedge funds own 80.27% of the company’s stock.

Shares of NYSE:HPE traded down $0.43 during midday trading on Wednesday, hitting $14.77. 360,899 shares of the stock were exchanged, compared to its average volume of 10,412,553. The stock has a market cap of $22.37 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The company has a current ratio of 1.00, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a 12 month low of $12.81 and a 12 month high of $19.48.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, December 11th. 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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