Brokers Set Expectations for Hewlett Packard Enterprise Company’s Q1 2018 Earnings (HPE)
Hewlett Packard Enterprise Company (NYSE:HPE) – Equities research analysts at Oppenheimer Holdings reduced their Q1 2018 EPS estimates for shares of Hewlett Packard Enterprise in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst I. Kidron now expects that the technology company will post earnings of $0.28 per share for the quarter, down from their previous estimate of $0.29. Oppenheimer Holdings currently has a “Buy” rating and a $17.00 target price on the stock. Oppenheimer Holdings also issued estimates for Hewlett Packard Enterprise’s Q3 2018 earnings at $0.31 EPS.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS.
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Other analysts have also issued reports about the company. Credit Suisse Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. CIBC lowered their price target on Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Mizuho reaffirmed a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Hewlett Packard Enterprise in a research note on Saturday, July 22nd. Finally, ValuEngine raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.27.
Shares of Hewlett Packard Enterprise (HPE) opened at 13.25 on Friday. Hewlett Packard Enterprise has a one year low of $11.99 and a one year high of $14.86. The stock’s 50 day moving average price is $13.70 and its 200 day moving average price is $13.69. The stock has a market capitalization of $21.76 billion, a PE ratio of 10.05 and a beta of 2.72. Hewlett Packard Enterprise also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 12,185 put options on the company. This is an increase of 320% compared to the average volume of 2,901 put options.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America grew its stake in Hewlett Packard Enterprise by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after purchasing an additional 43 shares in the last quarter. Buckingham Asset Management LLC grew its stake in Hewlett Packard Enterprise by 0.5% during the 1st quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company’s stock worth $468,000 after purchasing an additional 106 shares in the last quarter. Tdam USA Inc. grew its stake in Hewlett Packard Enterprise by 0.9% during the 1st quarter. Tdam USA Inc. now owns 17,792 shares of the technology company’s stock worth $422,000 after purchasing an additional 162 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares in the last quarter. Finally, Cleararc Capital Inc. grew its stake in Hewlett Packard Enterprise by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company’s stock worth $965,000 after purchasing an additional 221 shares in the last quarter. 80.21% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.82, for a total transaction of $6,943,883.76. Following the completion of the transaction, the chief executive officer now directly owns 962,433 shares of the company’s stock, valued at approximately $17,150,556.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher P. Hsu sold 15,333 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the transaction, the executive vice president now directly owns 15,333 shares of the company’s stock, valued at $270,934.11. The disclosure for this sale can be found here. Insiders sold 1,963,677 shares of company stock valued at $34,198,508 over the last ninety days. Insiders own 0.87% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.96%. Hewlett Packard Enterprise’s payout ratio is presently 371.48%.
Hewlett Packard Enterprise Company Profile
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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