Brokerages expect Hewlett Packard Enterprise Co (NYSE:HPE) to report earnings of $0.24 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hewlett Packard Enterprise’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.39. Hewlett Packard Enterprise reported earnings per share of $0.45 during the same quarter last year, which indicates a negative year-over-year growth rate of 46.7%. The company is scheduled to announce its next earnings report on Tuesday, August 25th.
On average, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.10 to $1.50. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.20 to $1.74. Zacks’ EPS averages are an average based on a survey of analysts that cover Hewlett Packard Enterprise.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, May 21st. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.07). The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.28 billion. Hewlett Packard Enterprise had a negative net margin of 0.13% and a positive return on equity of 12.35%. The firm’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share.
HPE has been the subject of several research reports. Wells Fargo & Co upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Tuesday, March 31st. Deutsche Bank reduced their target price on Hewlett Packard Enterprise from $15.00 to $13.00 in a report on Tuesday, April 7th. Royal Bank of Canada assumed coverage on Hewlett Packard Enterprise in a report on Wednesday, April 22nd. They issued a “sector perform” rating and a $11.00 target price for the company. Argus lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley reduced their target price on Hewlett Packard Enterprise from $16.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, March 25th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.64.
Shares of Hewlett Packard Enterprise stock traded up $0.15 during trading on Tuesday, hitting $9.73. 10,092,041 shares of the stock traded hands, compared to its average volume of 11,646,959. The stock has a market cap of $12.30 billion, a P/E ratio of -194.60, a PEG ratio of 1.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.89. Hewlett Packard Enterprise has a twelve month low of $7.43 and a twelve month high of $17.59. The company has a fifty day moving average price of $9.87 and a two-hundred day moving average price of $11.99.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Tuesday, June 9th. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.12%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Hewlett Packard Enterprise in the fourth quarter valued at $171,061,000. Janus Henderson Group PLC grew its position in Hewlett Packard Enterprise by 119.4% in the fourth quarter. Janus Henderson Group PLC now owns 6,722,789 shares of the technology company’s stock valued at $106,622,000 after acquiring an additional 3,657,953 shares during the period. Pzena Investment Management LLC grew its position in Hewlett Packard Enterprise by 9.9% in the first quarter. Pzena Investment Management LLC now owns 37,450,913 shares of the technology company’s stock valued at $363,648,000 after acquiring an additional 3,375,531 shares during the period. JPMorgan Chase & Co. grew its position in Hewlett Packard Enterprise by 79.2% in the first quarter. JPMorgan Chase & Co. now owns 6,910,217 shares of the technology company’s stock valued at $67,098,000 after acquiring an additional 3,053,540 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Hewlett Packard Enterprise by 45.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,575,385 shares of the technology company’s stock worth $136,007,000 after purchasing an additional 2,692,963 shares in the last quarter. Institutional investors and hedge funds own 79.80% of the company’s stock.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
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