Hewlett Packard Enterprise Co (NYSE:HPE) – Research analysts at KeyCorp dropped their Q3 2018 earnings per share (EPS) estimates for Hewlett Packard Enterprise in a research report issued on Thursday. KeyCorp analyst A. Kurtz now expects that the technology company will post earnings per share of $0.33 for the quarter, down from their prior forecast of $0.34. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Hewlett Packard Enterprise’s Q4 2018 earnings at $0.36 EPS and FY2019 earnings at $1.28 EPS.
A number of other equities research analysts have also recently issued reports on HPE. Royal Bank of Canada restated a “sector perform” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a report on Monday, September 25th. Sanford C. Bernstein restated an “outperform” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Tuesday, October 10th. Citigroup cut shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and upped their price target for the company from $14.80 to $16.00 in a report on Friday, October 13th. Pivotal Research started coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, October 17th. They issued a “hold” rating and a $14.00 target price for the company. Finally, TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the stock. Hewlett Packard Enterprise has an average rating of “Hold” and an average price target of $16.04.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.78 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. WFG Advisors LP increased its holdings in shares of Hewlett Packard Enterprise by 15.3% during the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares in the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Hewlett Packard Enterprise by 6,858.7% during the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after buying an additional 7,476 shares in the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after buying an additional 200 shares in the last quarter. Harfst & Associates Inc. increased its holdings in shares of Hewlett Packard Enterprise by 42.5% during the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock worth $127,000 after buying an additional 2,287 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Hewlett Packard Enterprise by 13.2% during the second quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock worth $137,000 after buying an additional 966 shares in the last quarter. 83.49% of the stock is owned by institutional investors.
In related news, EVP Alan Richard May sold 50,158 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $15.50, for a total value of $777,449.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy C. Stonesifer sold 56,170 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $13.79, for a total transaction of $774,584.30. Following the sale, the chief financial officer now directly owns 177,634 shares of the company’s stock, valued at approximately $2,449,572.86. The disclosure for this sale can be found here. Insiders sold 793,488 shares of company stock valued at $11,281,745 in the last three months. Company insiders own 0.87% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, March 13th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 142.86%.
Hewlett Packard Enterprise announced that its board has authorized a stock buyback program on Wednesday, October 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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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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