Zacks: Analysts Anticipate Hewlett Packard Enterprise Co (HPE) Will Announce Earnings of $0.36 Per Share

Wall Street analysts expect that Hewlett Packard Enterprise Co (NYSE:HPE) will announce earnings of $0.36 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hewlett Packard Enterprise’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.34. Hewlett Packard Enterprise reported earnings of $0.34 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The company is scheduled to issue its next earnings results on Thursday, February 28th.

On average, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.67. For the next financial year, analysts expect that the firm will report earnings of $1.70 per share, with EPS estimates ranging from $1.62 to $1.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Hewlett Packard Enterprise had a return on equity of 10.16% and a net margin of 6.18%. The company had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. Hewlett Packard Enterprise’s revenue was up 3.7% on a year-over-year basis.

HPE has been the topic of a number of recent research reports. Zacks Investment Research downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Oppenheimer set a $20.00 target price on Hewlett Packard Enterprise and gave the company a “buy” rating in a report on Tuesday, August 28th. UBS Group initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, September 26th. They issued a “hold” rating and a $17.00 target price on the stock. Raymond James lowered their target price on Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, August 29th. Finally, ValuEngine downgraded Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.36.

HPE stock opened at $16.02 on Friday. Hewlett Packard Enterprise has a fifty-two week low of $14.13 and a fifty-two week high of $19.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.00. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.86 and a beta of 1.58.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 12th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 28.85%.

In related news, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the sale, the insider now owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy C. Stonesifer sold 479,142 shares of Hewlett Packard Enterprise 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 sale, the chief financial officer now directly owns 637,868 shares in the company, valued at approximately $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 in the last ninety days. Corporate insiders own 1.18% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Hewlett Packard Enterprise by 1.7% during the 2nd quarter. BlackRock Inc. now owns 99,730,532 shares of the technology company’s stock valued at $1,457,065,000 after purchasing an additional 1,626,048 shares during the period. Pzena Investment Management LLC raised its stake in 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 valued at $560,969,000 after purchasing an additional 390,298 shares during the period. Franklin Resources Inc. raised its stake in 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 valued at $366,140,000 after purchasing an additional 234,213 shares during the period. LSV Asset Management raised its stake in 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 valued at $323,932,000 after purchasing an additional 4,108,350 shares during the period. Finally, Northern Trust Corp raised its stake in Hewlett Packard Enterprise by 2.8% during the 2nd quarter. Northern Trust Corp now owns 18,372,430 shares of the technology company’s stock valued at $268,421,000 after purchasing an additional 499,693 shares during the period. 78.92% of the stock is currently owned by institutional investors.

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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