Hewlett Packard Enterprise Co (NYSE:HPE) – Equities researchers at KeyCorp increased their Q1 2019 earnings per share (EPS) estimates for Hewlett Packard Enterprise in a research report issued on Tuesday, December 4th. KeyCorp analyst A. Kurtz now expects that the technology company will post earnings per share of $0.35 for the quarter, up from their prior forecast of $0.33. KeyCorp also issued estimates for Hewlett Packard Enterprise’s Q2 2019 earnings at $0.35 EPS and Q4 2019 earnings at $0.44 EPS.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $7.95 billion during the quarter, compared to the consensus estimate of $7.84 billion. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.16%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share.
A number of other brokerages have also recently weighed in on HPE. Oppenheimer set a $18.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank lifted 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 note on Wednesday, August 29th. Raymond James cut their price objective on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Maxim Group restated a “hold” rating and set a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of “Hold” and a consensus target price of $18.43.
Hewlett Packard Enterprise stock opened at $15.05 on Thursday. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. 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 12 month low of $13.99 and a 12 month high of $19.48.
Large investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC purchased a new position in Hewlett Packard Enterprise during the 2nd quarter valued at about $525,000. TRUE Private Wealth Advisors purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $137,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Hewlett Packard Enterprise by 16,531.4% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after acquiring an additional 8,431 shares in the last quarter. Vectors Research Management LLC purchased a new position in Hewlett Packard Enterprise during the 3rd quarter valued at about $136,000. Finally, Steward Partners Investment Advisory LLC grew its stake in Hewlett Packard Enterprise by 94.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 10,457 shares of the technology company’s stock valued at $171,000 after acquiring an additional 5,087 shares in the last quarter. 78.92% of the stock is currently owned by institutional investors.
In other Hewlett Packard Enterprise news, CFO Timothy C. Stonesifer sold 479,142 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $16.57, for a total transaction of $7,939,382.94. Following the transaction, the chief financial officer now owns 637,868 shares of the company’s stock, valued at approximately $10,569,472.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction dated 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 transaction, the insider now directly owns 87,828 shares in the company, valued at approximately $1,493,076. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 664,319 shares of company stock worth $10,978,971. Company insiders own 1.18% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 annualized dividend and a yield of 2.99%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.
Hewlett Packard Enterprise Company Profile
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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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