Hewlett Packard Enterprise Co (NYSE:HPE) Expected to Announce Earnings of $0.44 Per Share

Wall Street analysts expect that Hewlett Packard Enterprise Co (NYSE:HPE) will report $0.44 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Hewlett Packard Enterprise’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.45. Hewlett Packard Enterprise posted earnings per share of $0.42 in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The company is expected to issue its next quarterly earnings results on Thursday, February 20th.

On average, analysts expect that Hewlett Packard Enterprise will report full-year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.78 to $1.91. For the next fiscal year, analysts anticipate that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.88 to $2.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, November 25th. The technology company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.41 billion. Hewlett Packard Enterprise had a return on equity of 13.55% and a net margin of 3.60%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS.

Several analysts recently commented on HPE shares. UBS Group dropped their price objective on Hewlett Packard Enterprise from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. JPMorgan Chase & Co. downgraded Hewlett Packard Enterprise from a “neutral” rating to an “underweight” rating and set a $16.00 price objective on the stock. in a research note on Friday, November 1st. They noted that the move was a valuation call. Deutsche Bank started coverage on Hewlett Packard Enterprise in a research note on Thursday. They set a “buy” rating and a $19.00 price objective on the stock. Loop Capital dropped their price objective on Hewlett Packard Enterprise to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Finally, Raymond James raised their price objective on Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.60.

Hewlett Packard Enterprise stock traded down $0.37 during mid-day trading on Friday, hitting $16.03. 7,401,974 shares of the company’s stock were exchanged, compared to its average volume of 8,126,703. The firm has a market capitalization of $21.41 billion, a P/E ratio of 9.06, a PEG ratio of 1.32 and a beta of 1.56. Hewlett Packard Enterprise has a fifty-two week low of $12.09 and a fifty-two week high of $17.59. The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.55. The company’s 50 day simple moving average is $16.53 and its 200-day simple moving average is $14.90.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11. Hewlett Packard Enterprise’s dividend payout ratio is 27.12%.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 9,255 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.90, for a total transaction of $147,154.50. Following the completion of the transaction, the senior vice president now owns 35,043 shares in the company, valued at approximately $557,183.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeff T. Ricci sold 20,457 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.01, for a total value of $347,973.57. Following the transaction, the senior vice president now owns 20,457 shares of the company’s stock, valued at approximately $347,973.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 615,806 shares of company stock valued at $9,816,735. Corporate insiders own 0.56% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Institutional & Family Asset Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 146.5% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 1,639 shares of the technology company’s stock valued at $25,000 after acquiring an additional 974 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 5,156.5% in the 3rd quarter. Millennium Management LLC now owns 2,248,253 shares of the technology company’s stock valued at $34,106,000 after acquiring an additional 2,205,482 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $5,436,000. National Pension Service grew its holdings in shares of Hewlett Packard Enterprise by 4.5% in the 3rd quarter. National Pension Service now owns 2,378,107 shares of the technology company’s stock valued at $36,076,000 after acquiring an additional 101,375 shares in the last quarter. Finally, Ambassador Advisors LLC bought a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at about $11,271,000. Institutional investors own 81.59% of the company’s stock.

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 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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