Analysts expect that Hewlett Packard Enterprise (NYSE:HPE) will announce $0.31 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Hewlett Packard Enterprise’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.32. Hewlett Packard Enterprise posted earnings per share of $0.25 in the same quarter last year, which indicates a positive year-over-year growth rate of 24%. The company is scheduled to announce its next quarterly earnings report on Wednesday, May 30th.
According to Zacks, analysts expect that Hewlett Packard Enterprise will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.46. For the next financial year, analysts expect that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.27 to $1.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Hewlett Packard Enterprise.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.07 billion. Hewlett Packard Enterprise had a return on equity of 7.40% and a net margin of 4.52%. Hewlett Packard Enterprise’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS.
Several equities research analysts have issued reports on the company. Maxim Group lifted their price objective on Hewlett Packard Enterprise from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Zacks Investment Research downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Pivotal Research restated a “hold” rating and set a $20.00 price objective (up from $13.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. OTR Global downgraded Hewlett Packard Enterprise to a “positive” rating in a report on Tuesday, February 13th. Finally, Mizuho restated a “neutral” rating and set a $17.00 price objective (up from $14.00) on shares of Hewlett Packard Enterprise in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve 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 $17.38.
In related news, EVP Henry Gomez sold 805,214 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $16.58, for a total transaction of $13,350,448.12. Following the completion of the transaction, the executive vice president now owns 363,278 shares in the company, valued at approximately $6,023,149.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret C. Whitman sold 674,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $19.14, for a total value of $12,900,360.00. Following the transaction, the director now owns 2,167,693 shares of the company’s stock, valued at approximately $41,489,644.02. The disclosure for this sale can be found here. Insiders sold a total of 5,019,755 shares of company stock valued at $89,445,408 over the last quarter. Company insiders own 1.18% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Burke & Herbert Bank & Trust Co. boosted its position in Hewlett Packard Enterprise by 12.3% during the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 30,840 shares of the technology company’s stock valued at $443,000 after purchasing an additional 3,380 shares during the period. Intrust Bank NA boosted its position in Hewlett Packard Enterprise by 25.2% during the 4th quarter. Intrust Bank NA now owns 17,964 shares of the technology company’s stock valued at $258,000 after purchasing an additional 3,616 shares during the period. Mutual of America Capital Management LLC boosted its position in Hewlett Packard Enterprise by 1.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 198,411 shares of the technology company’s stock valued at $2,849,000 after purchasing an additional 3,711 shares during the period. Greenleaf Trust boosted its position in Hewlett Packard Enterprise by 20.4% during the 4th quarter. Greenleaf Trust now owns 22,635 shares of the technology company’s stock valued at $325,000 after purchasing an additional 3,832 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in Hewlett Packard Enterprise by 2.6% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 165,978 shares of the technology company’s stock valued at $2,383,000 after purchasing an additional 4,267 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.
Hewlett Packard Enterprise stock opened at $17.56 on Friday. The company has a market cap of $27,265.80, a P/E ratio of 14.62, a P/E/G ratio of 1.46 and a beta of 1.85. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise has a one year low of $12.69 and a one year high of $19.48.
Hewlett Packard Enterprise announced that its Board of Directors has authorized a share buyback plan on Thursday, February 22nd that permits the company to repurchase $5.50 billion in shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, June 12th. Hewlett Packard Enterprise’s payout ratio is 31.25%.
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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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