Zacks: Brokerages Expect Hewlett Packard Enterprise (NYSE:HPE) to Announce $0.49 Earnings Per Share

Equities analysts expect that Hewlett Packard Enterprise (NYSE:HPE) will announce $0.49 earnings per share for the current quarter, according to Zacks. Five analysts have issued estimates for Hewlett Packard Enterprise’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.48. Hewlett Packard Enterprise reported earnings of $0.37 per share in the same quarter last year, which suggests a positive year over year growth rate of 32.4%. The firm is scheduled to issue its next earnings results on Tuesday, December 7th.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.96. For the next fiscal year, analysts expect that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.89 to $2.08. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Wednesday, September 1st. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. Hewlett Packard Enterprise had a net margin of 3.73% and a return on equity of 8.24%. The company had revenue of $6.90 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Hewlett Packard Enterprise’s revenue for the quarter was up 1.2% on a year-over-year basis.

A number of brokerages have recently commented on HPE. Raymond James upped their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, September 3rd. Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $11.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, June 2nd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a report on Thursday, September 9th. Wells Fargo & Company increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, September 3rd. They noted that the move was a valuation call. Finally, Barclays increased their price target on shares of Hewlett Packard Enterprise from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $16.62.

Shares of NYSE:HPE traded up $0.06 on Wednesday, reaching $13.81. The company’s stock had a trading volume of 548,561 shares, compared to its average volume of 9,955,042. The stock’s 50-day moving average is $14.64 and its two-hundred day moving average is $15.26. Hewlett Packard Enterprise has a 52-week low of $8.28 and a 52-week high of $16.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.75. The stock has a market capitalization of $18.06 billion, a P/E ratio of 17.86, a PEG ratio of 2.11 and a beta of 1.21.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 6th. Investors of record on Monday, September 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 10th. This represents a $0.48 dividend on an annualized basis and a yield of 3.48%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 35.56%.

In other Hewlett Packard Enterprise news, CEO Irv Rothman sold 10,000 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, September 8th. The shares were sold at an average price of $14.96, for a total value of $149,600.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Thomas E. Black, Jr. sold 16,512 shares of the firm’s stock in a transaction on Friday, September 10th. The shares were sold at an average price of $14.55, for a total transaction of $240,249.60. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Concord Wealth Partners purchased a new stake in Hewlett Packard Enterprise during the 1st quarter worth $25,000. Zions Bancorporation N.A. grew its holdings in Hewlett Packard Enterprise by 95.8% during the 1st quarter. Zions Bancorporation N.A. now owns 1,723 shares of the technology company’s stock worth $27,000 after acquiring an additional 843 shares in the last quarter. Elmwood Wealth Management Inc. acquired a new position in Hewlett Packard Enterprise during the 1st quarter worth $28,000. Hillsdale Investment Management Inc. acquired a new position in Hewlett Packard Enterprise during the 2nd quarter worth $29,000. Finally, Berman Capital Advisors LLC grew its holdings in Hewlett Packard Enterprise by 823.9% during the 1st quarter. Berman Capital Advisors LLC now owns 2,088 shares of the technology company’s stock worth $32,000 after acquiring an additional 1,862 shares in the last quarter. 82.02% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Co engages in the provision of information technology, technology and enterprise products, solutions and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services and Corporate Investments. The Hybrid IT segment provides a portfolio of services-led and software-enabled infrastructure and solutions.

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

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