Wall Street analysts expect that Hewlett Packard Enterprise Company (NYSE:HPE) will report earnings per share of $0.26 for the current quarter, Zacks reports. Eight analysts have provided estimates for Hewlett Packard Enterprise’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.28. Hewlett Packard Enterprise posted earnings of $0.49 per share in the same quarter last year, which indicates a negative year over year growth rate of 46.9%. The business is expected to issue its next earnings report on Wednesday, September 6th.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.46 to $1.53. For the next year, analysts forecast that the business will report earnings of $1.36 per share, with EPS estimates ranging from $1.18 to $1.55. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%. The business’s revenue was down 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share.

Several research firms have recently commented on HPE. Barclays PLC restated an “underweight” rating and issued a $17.00 price target (down previously from $18.00) on shares of Hewlett Packard Enterprise in a report on Thursday, June 1st. Maxim Group reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, July 14th. Mizuho reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research report on Wednesday, July 12th. Robert W. Baird reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Thursday, June 1st. Finally, BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus target price of $21.87.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 6,460 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $18.99, for a total transaction of $122,675.40. Following the completion of the sale, the senior vice president now directly owns 10,352 shares in the company, valued at approximately $196,584.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Margaret C. Whitman sold 132,192 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $16.71, for a total transaction of $2,208,928.32. Following the sale, the chief executive officer now owns 865,021 shares of the company’s stock, valued at $14,454,500.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,361,060 shares of company stock valued at $23,676,361. Company insiders own 0.87% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HPE. Parallel Advisors LLC boosted its stake in shares of Hewlett Packard Enterprise by 11.6% in the first quarter. Parallel Advisors LLC now owns 10,562 shares of the technology company’s stock valued at $197,000 after buying an additional 1,095 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $410,000. BlackRock Inc. boosted its stake in shares of Hewlett Packard Enterprise by 2,713.7% in the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after buying an additional 95,915,907 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter valued at approximately $3,943,000. Finally, Alpha Windward LLC boosted its stake in shares of Hewlett Packard Enterprise by 11.8% in the second quarter. Alpha Windward LLC now owns 20,667 shares of the technology company’s stock valued at $343,000 after buying an additional 2,188 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded up 0.69% during midday trading on Monday, reaching $17.63. 4,584,377 shares of the company’s stock were exchanged. The company has a market cap of $28.96 billion, a price-to-earnings ratio of 13.37 and a beta of 2.74. The stock’s 50 day moving average price is $17.04 and its 200 day moving average price is $17.61. Hewlett Packard Enterprise has a 12-month low of $15.49 and a 12-month high of $19.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 20.16%.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

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