Equities research analysts expect Hewlett Packard Enterprise Co (NYSE:HPE) to announce $0.38 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Hewlett Packard Enterprise’s earnings, with estimates ranging from $0.36 to $0.39. Hewlett Packard Enterprise reported earnings of $0.31 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.6%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, August 28th.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.50. For the next financial year, analysts anticipate that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.27 to $1.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Tuesday, May 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Hewlett Packard Enterprise had a net margin of 9.36% and a return on equity of 8.25%. The firm had revenue of $7.47 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 9.7% on a year-over-year basis.

Several brokerages have issued reports on HPE. Pivotal Research restated a “hold” rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Wednesday, May 23rd. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, July 16th. BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Hewlett Packard Enterprise in a research note on Tuesday, May 22nd. Nomura started coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, June 28th. They issued a “neutral” rating and a $16.00 price objective on the stock. Finally, ValuEngine lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and an average target price of $17.05.

In related news, insider Keerti Melkote sold 49,028 shares of the stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $17.57, for a total transaction of $861,421.96. Following the transaction, the insider now directly owns 95,429 shares of the company’s stock, valued at $1,676,687.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Margaret C. Whitman sold 255,485 shares of the stock in a transaction on Friday, July 6th. The stock was sold at an average price of $15.01, for a total transaction of $3,834,829.85. Following the transaction, the director now directly owns 127,154 shares in the company, valued at $1,908,581.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,324,019 shares of company stock worth $82,937,524. 1.18% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HPE. Morgan Stanley boosted its stake in Hewlett Packard Enterprise by 429.8% during the second quarter. Morgan Stanley now owns 9,860,955 shares of the technology company’s stock worth $144,068,000 after acquiring an additional 7,999,613 shares in the last quarter. Prudential Financial Inc. boosted its stake in Hewlett Packard Enterprise by 196.3% during the first quarter. Prudential Financial Inc. now owns 8,753,931 shares of the technology company’s stock worth $153,544,000 after acquiring an additional 5,799,831 shares in the last quarter. Boston Partners boosted its stake in Hewlett Packard Enterprise by 67.2% during the second quarter. Boston Partners now owns 13,969,750 shares of the technology company’s stock worth $204,098,000 after acquiring an additional 5,615,283 shares in the last quarter. LSV Asset Management lifted its stake in shares of Hewlett Packard Enterprise by 44.5% in the second quarter. LSV Asset Management now owns 15,752,632 shares of the technology company’s stock valued at $230,145,000 after buying an additional 4,848,200 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Hewlett Packard Enterprise by 2,277.0% in the first quarter. Millennium Management LLC now owns 3,824,026 shares of the technology company’s stock valued at $67,073,000 after buying an additional 3,663,150 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

NYSE HPE traded up $0.05 on Monday, hitting $16.72. The company’s stock had a trading volume of 9,402,400 shares, compared to its average volume of 11,543,985. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.04. Hewlett Packard Enterprise has a 1-year low of $12.81 and a 1-year high of $19.48. The stock has a market cap of $24.00 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.18 and a beta of 1.75.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Wednesday, September 12th will be paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, September 11th. Hewlett Packard Enterprise’s dividend payout ratio is presently 46.88%.

Hewlett Packard Enterprise Company Profile

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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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

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