KeyCorp Comments on Hewlett Packard Enterprise Company’s FY2017 Earnings (HPE)
Hewlett Packard Enterprise Company (NYSE:HPE) – Investment analysts at KeyCorp issued their FY2017 earnings per share estimates for Hewlett Packard Enterprise in a research report issued to clients and investors on Wednesday. KeyCorp analyst A. Kurtz forecasts that the technology company will post earnings per share of $1.38 for the year. KeyCorp also issued estimates for Hewlett Packard Enterprise’s Q4 2017 earnings at $0.28 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.37 EPS, FY2018 earnings at $1.16 EPS and FY2019 earnings at $1.27 EPS.
Several other research firms have also weighed in on HPE. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, May 26th. Robert W. Baird reiterated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, June 1st. Credit Suisse Group reiterated a “buy” rating and set a $21.00 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 23rd. Barclays PLC increased their price objective on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the stock an “underweight” rating in a research note on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $17.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.27.
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Hewlett Packard Enterprise (HPE) opened at 13.25 on Friday. The firm has a market cap of $21.76 billion, a PE ratio of 10.05 and a beta of 2.72. The company has a 50-day moving average price of $13.70 and a 200 day moving average price of $13.69. Hewlett Packard Enterprise has a 12 month low of $11.99 and a 12 month high of $14.86. Hewlett Packard Enterprise also was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 12,185 put options on the stock. This represents an increase of approximately 320% compared to the average volume of 2,901 put options.
Hewlett Packard Enterprise (NYSE:HPE) last posted its 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. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year.
A number of large investors have recently modified their holdings of the stock. Dodge & Cox boosted its holdings in Hewlett Packard Enterprise by 12.2% during the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock worth $3,958,630,000 after buying an additional 25,852,541 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Hewlett Packard Enterprise by 1.4% during the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock worth $1,839,114,000 after buying an additional 1,508,612 shares in the last quarter. BlackRock Inc. boosted its holdings in Hewlett Packard Enterprise by 2,713.7% during the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock worth $2,356,975,000 after buying an additional 95,915,907 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Hewlett Packard Enterprise by 32.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock worth $1,117,081,000 after buying an additional 16,592,308 shares in the last quarter. Finally, Primecap Management Co. CA boosted its holdings in Hewlett Packard Enterprise by 9.6% during the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock worth $1,455,116,000 after buying an additional 5,394,147 shares in the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.
In related news, CEO Margaret C. Whitman sold 132,192 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 865,021 shares in the company, valued at $14,454,500.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher P. Hsu sold 15,333 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $17.67, for a total transaction of $270,934.11. Following the sale, the executive vice president now owns 15,333 shares of the company’s stock, valued at $270,934.11. The disclosure for this sale can be found here. Insiders have sold 1,963,677 shares of company stock valued at $34,198,508 over the last 90 days. 0.87% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, September 12th. Hewlett Packard Enterprise’s payout ratio is 371.48%.
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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