Q1 2019 EPS Estimates for Hewlett Packard Enterprise Co Cut by Analyst (HPE)
Hewlett Packard Enterprise Co (NYSE:HPE) – Equities researchers at Oppenheimer reduced their Q1 2019 earnings estimates for shares of Hewlett Packard Enterprise in a research note issued on Wednesday, December 5th. Oppenheimer analyst G. Iwanyc now expects that the technology company will post earnings of $0.34 per share for the quarter, down from their previous estimate of $0.37. Oppenheimer has a “Buy” rating and a $18.00 price objective on the stock. Oppenheimer also issued estimates for Hewlett Packard Enterprise’s Q2 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.43 EPS and FY2020 earnings at $1.73 EPS.
A number of other research firms have also recently weighed in on HPE. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Thursday, August 30th. Raymond James lowered their price target on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, August 29th. BMO Capital Markets lowered their price target on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, August 29th. Maxim Group restated a “hold” rating and issued a $18.00 price target on shares of Hewlett Packard Enterprise in a report on Wednesday, August 29th. Finally, Deutsche Bank raised their price target on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.36.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.44%. The business had revenue of $7.95 billion for the quarter, compared to analysts’ expectations of $7.84 billion. During the same period last year, the business earned $0.31 EPS. The company’s revenue was up 3.7% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 12th will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, December 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.
In related news, insider Antonio F. Neri sold 82,893 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $17.00, for a total value of $1,409,181.00. Following the completion of the sale, the insider now directly owns 87,828 shares in the company, valued at approximately $1,493,076. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keerti Melkote sold 102,284 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the completion of the sale, the insider now owns 102,284 shares of the company’s stock, valued at $1,630,406.96. The disclosure for this sale can be found here. Insiders sold a total of 664,319 shares of company stock valued at $10,978,971 over the last quarter. 1.18% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Hewlett Packard Enterprise by 16,531.4% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,482 shares of the technology company’s stock valued at $124,000 after acquiring an additional 8,431 shares during the period. Vectors Research Management LLC acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $136,000. TRUE Private Wealth Advisors acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter valued at approximately $137,000. Ferguson Wellman Capital Management Inc. acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $158,000. Finally, Harfst & Associates Inc. acquired a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at approximately $158,000. Institutional investors own 78.92% 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, 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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