Hewlett Packard Enterprise Co (HPE) Forecasted to Post FY2020 Earnings of $1.67 Per Share

Hewlett Packard Enterprise Co (NYSE:HPE) – Investment analysts at KeyCorp decreased their FY2020 EPS estimates for Hewlett Packard Enterprise in a research note issued to investors on Wednesday, October 24th. KeyCorp analyst A. Kurtz now expects that the technology company will post earnings per share of $1.67 for the year, down from their previous estimate of $1.69.

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. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The business had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis.



A number of other equities analysts have also recently weighed in on the stock. Raymond James lowered their price target 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. Oppenheimer set a $18.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Thursday, October 25th. UBS Group began coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 26th. They set a “hold” rating and a $17.00 price target on the stock. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Finally, BMO Capital Markets lowered their price target on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 29th. Two equities 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.

NYSE:HPE opened at $14.57 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.00. Hewlett Packard Enterprise has a fifty-two week low of $12.81 and a fifty-two week high of $19.48. The firm has a market cap of $21.53 billion, a PE ratio of 15.18, a P/E/G ratio of 0.99 and a beta of 1.77.

A number of hedge funds and other institutional investors have recently modified their holdings of HPE. LS Investment Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 4.4% during the 2nd quarter. LS Investment Advisors LLC now owns 83,966 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 3,569 shares during the last quarter. Personal Resources Investment & Strategic Management Inc. boosted its stake in shares of Hewlett Packard Enterprise by 5.2% during the 3rd quarter. Personal Resources Investment & Strategic Management Inc. now owns 80,005 shares of the technology company’s stock worth $1,267,000 after purchasing an additional 3,932 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Hewlett Packard Enterprise by 5.0% during the 1st quarter. LPL Financial LLC now owns 83,694 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 3,959 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Hewlett Packard Enterprise by 1.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 304,835 shares of the technology company’s stock worth $4,454,000 after purchasing an additional 3,967 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its stake in shares of Hewlett Packard Enterprise by 44.0% during the 2nd quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology company’s stock worth $211,000 after purchasing an additional 4,419 shares during the last quarter. 82.94% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Antonio F. Neri sold 82,893 shares of the 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 sale, the insider now directly owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Antonio F. Neri sold 36,556 shares of the stock in a transaction dated 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 sale, the insider now directly owns 170,721 shares in the company, valued at $2,816,896.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 685,704 shares of company stock worth $11,342,061. 1.18% of the stock is owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.45 dividend on an annualized basis and a yield of 3.09%. Hewlett Packard Enterprise’s payout ratio is 46.88%.

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.

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Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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