$0.45 Earnings Per Share Expected for Hewlett Packard Enterprise (NYSE:HPE) This Quarter

Equities research analysts expect Hewlett Packard Enterprise (NYSE:HPEGet Rating) to announce earnings per share (EPS) of $0.45 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Hewlett Packard Enterprise’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.44. Hewlett Packard Enterprise posted earnings per share of $0.46 during the same quarter last year, which indicates a negative year over year growth rate of 2.2%. The firm is scheduled to issue its next 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 financial year, with EPS estimates ranging from $2.06 to $2.15. For the next fiscal year, analysts expect that the firm will report earnings of $2.23 per share, with EPS estimates ranging from $2.19 to $2.30. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last announced its quarterly earnings results on Tuesday, March 1st. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.24 by $0.15. Hewlett Packard Enterprise had a net margin of 13.32% and a return on equity of 20.07%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter last year, the business earned $0.17 earnings per share. Hewlett Packard Enterprise’s revenue was up 1.9% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating and set a $17.00 target price for the company. in a report on Tuesday, February 1st. JPMorgan Chase & Co. upped their price target on shares of Hewlett Packard Enterprise from $18.00 to $20.00 in a research report on Thursday, January 20th. KGI Securities started coverage on shares of Hewlett Packard Enterprise in a research report on Tuesday, April 19th. They issued an “outperform” rating for the company. Sanford C. Bernstein upgraded shares of Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Wednesday, March 2nd. Finally, Citigroup raised their price target on shares of Hewlett Packard Enterprise from $13.00 to $14.00 in a report on Wednesday, March 2nd. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.64.

Hewlett Packard Enterprise stock opened at $15.69 on Friday. The firm has a 50 day simple moving average of $16.23 and a 200-day simple moving average of $16.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.68. The stock has a market capitalization of $20.40 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. Hewlett Packard Enterprise has a 12-month low of $12.99 and a 12-month high of $17.76.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, March 11th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.48 dividend on an annualized basis and a yield of 3.06%. Hewlett Packard Enterprise’s dividend payout ratio is 17.27%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. increased its stake in shares of Hewlett Packard Enterprise by 52.8% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 4,186 shares of the technology company’s stock valued at $61,000 after buying an additional 1,447 shares during the period. Van ECK Associates Corp increased its stake in shares of Hewlett Packard Enterprise by 95.6% in the 3rd quarter. Van ECK Associates Corp now owns 17,387 shares of the technology company’s stock valued at $248,000 after buying an additional 8,499 shares during the period. Lincoln National Corp acquired a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $143,000. Advisor Group Holdings Inc. increased its stake in shares of Hewlett Packard Enterprise by 11.7% in the 3rd quarter. Advisor Group Holdings Inc. now owns 273,615 shares of the technology company’s stock valued at $3,900,000 after buying an additional 28,590 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in shares of Hewlett Packard Enterprise by 4.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 71,944 shares of the technology company’s stock valued at $1,025,000 after buying an additional 3,314 shares during the period. 82.70% of the stock is owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile (Get Rating)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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