Hewlett Packard Enterprise Co (HPE) Expected to Announce Earnings of $0.36 Per Share

Brokerages forecast that Hewlett Packard Enterprise Co (NYSE:HPE) will report earnings per share of $0.36 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Hewlett Packard Enterprise’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.37. Hewlett Packard Enterprise reported earnings of $0.34 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The business is scheduled to report its next earnings results on Tuesday, May 28th.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.57 to $1.72. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.71 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 issued its quarterly earnings data on Thursday, February 21st. The technology company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The firm had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.68 billion. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. During the same period in the prior year, the firm earned $0.34 earnings per share.



Several brokerages have weighed in on HPE. UBS Group cut shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $17.00 to $13.00 in a research note on Tuesday. ValuEngine lowered shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, February 26th. BMO Capital Markets reiterated a “hold” rating and set a $16.00 target price on shares of Hewlett Packard Enterprise in a research report on Thursday, February 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $15.00 target price (down from $21.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, January 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Hewlett Packard Enterprise has an average rating of “Hold” and a consensus target price of $17.27.

In related news, CEO Antonio F. Neri sold 82,892 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $16.50, for a total value of $1,367,718.00. Following the transaction, the chief executive officer now directly owns 86,160 shares in the company, valued at $1,421,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Antonio F. Neri sold 384,445 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $16.50, for a total transaction of $6,343,342.50. Following the completion of the transaction, the chief executive officer now owns 4,936 shares in the company, valued at $81,444. The disclosure for this sale can be found here. Insiders sold 1,702,360 shares of company stock worth $27,895,760 over the last 90 days. 0.56% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HPE. Legacy Bridge LLC bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $25,000. Ipswich Investment Management Co. Inc. bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $26,000. JNBA Financial Advisors increased its stake in Hewlett Packard Enterprise by 1,300.0% in the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock valued at $37,000 after purchasing an additional 2,600 shares in the last quarter. Truehand Inc bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $51,000. Finally, Focused Wealth Management Inc bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds own 80.44% of the company’s stock.

Hewlett Packard Enterprise stock traded up $0.10 during trading hours on Friday, hitting $15.62. 147,464 shares of the stock were exchanged, compared to its average volume of 12,188,074. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $20.98 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 1.53 and a beta of 1.60. Hewlett Packard Enterprise has a 12 month low of $12.09 and a 12 month high of $19.01.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $0.45 annualized dividend and a yield of 2.88%. Hewlett Packard Enterprise’s dividend payout ratio is currently 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 for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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

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