Zacks: Brokerages Expect Hewlett Packard Enterprise (NYSE:HPE) to Announce $0.45 EPS

Brokerages expect that Hewlett Packard Enterprise (NYSE:HPEGet Rating) will report earnings per share (EPS) of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Hewlett Packard Enterprise’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.48. Hewlett Packard Enterprise reported earnings per share of $0.46 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.15. For the next year, analysts anticipate that the business will post earnings of $2.23 per share, with EPS estimates ranging from $2.19 to $2.30. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The technology company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hewlett Packard Enterprise had a return on equity of 20.07% and a net margin of 13.32%. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $7.02 billion. During the same period in the previous year, the firm earned $0.17 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis.

HPE has been the topic of several analyst reports. Morgan Stanley downgraded Hewlett Packard Enterprise from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $17.00 to $15.00 in a research report on Tuesday. They noted that the move was a valuation call. StockNews.com began coverage on Hewlett Packard Enterprise in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Citigroup upped their target price on Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Wednesday, March 2nd. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $16.00 to $20.00 in a research note on Tuesday, January 4th. Finally, Zacks Investment Research cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Tuesday, February 1st. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.80.

NYSE HPE opened at $15.38 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. Hewlett Packard Enterprise has a 12 month low of $12.99 and a 12 month high of $17.76. The stock’s 50 day moving average is $16.60 and its 200 day moving average is $15.90. The stock has a market cap of $20.00 billion, a PE ratio of 5.53, a P/E/G ratio of 1.84 and a beta of 1.17.

The company also recently announced a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 11th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.12%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 17.27%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its position in Hewlett Packard Enterprise by 155.9% during the fourth quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company’s stock worth $26,000 after buying an additional 985 shares in the last quarter. Elmwood Wealth Management Inc. purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $28,000. DeDora Capital Inc. purchased a new position in Hewlett Packard Enterprise during the first quarter worth approximately $30,000. Delos Wealth Advisors LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth approximately $33,000. Finally, Evoke Wealth LLC lifted its position in Hewlett Packard Enterprise by 125.0% during the fourth quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company’s stock worth $35,000 after buying an additional 1,234 shares in the last quarter. Institutional investors and hedge funds own 82.90% of the company’s stock.

About Hewlett Packard Enterprise (Get Rating)

Hewlett Packard Enterprise Co is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Compute, High Performance Computing & Artificial Intelligence (HPC & AI), Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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