Hewlett Packard Enterprise Co (NYSE:HPE) – Equities research analysts at Gabelli raised their FY2019 earnings per share estimates for Hewlett Packard Enterprise in a note issued to investors on Tuesday, according to Zacks Investment Research. Gabelli analyst H. Susanto now expects that the technology company will post earnings per share of $1.50 for the year, up from their previous estimate of $1.40. Gabelli also issued estimates for Hewlett Packard Enterprise’s FY2020 earnings at $1.60 EPS and FY2021 earnings at $1.70 EPS.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.43%. The company earned $11.41 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis.
Other analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. set a $21.00 target price on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a research note on Wednesday, April 5th. Wells Fargo & Co restated a “market perform” rating on shares of Hewlett Packard Enterprise in a research note on Tuesday, January 24th. Credit Suisse Group AG restated a “hold” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a research note on Tuesday, April 4th. CIBC reduced their target price on shares of Hewlett Packard Enterprise from $27.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, April 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 target price on shares of Hewlett Packard Enterprise in a research note on Monday, April 10th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average price target of $22.83.
Hewlett Packard Enterprise (NYSE:HPE) opened at 18.75 on Thursday. The stock has a market cap of $31.08 billion, a PE ratio of 10.17 and a beta of 3.05. The firm has a 50-day moving average of $19.89 and a 200-day moving average of $22.32. Hewlett Packard Enterprise has a 12-month low of $15.38 and a 12-month high of $24.88.
Several large investors have recently added to or reduced their stakes in the company. Ledyard National Bank boosted its stake in Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the technology company’s stock valued at $100,000 after buying an additional 36 shares in the last quarter. Kernodle & Katon Asset Management Group LLC bought a new stake in Hewlett Packard Enterprise during the third quarter valued at about $103,000. Bronfman E.L. Rothschild L.P. boosted its stake in Hewlett Packard Enterprise by 10.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,739 shares of the technology company’s stock valued at $108,000 after buying an additional 441 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in Hewlett Packard Enterprise by 5.3% in the first quarter. Reilly Financial Advisors LLC now owns 5,002 shares of the technology company’s stock valued at $119,000 after buying an additional 250 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Hewlett Packard Enterprise by 2,135.3% in the third quarter. Global X Management Co. LLC now owns 5,320 shares of the technology company’s stock valued at $121,000 after buying an additional 5,082 shares in the last quarter. 79.10% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Christopher P. Hsu sold 31,421 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $23.50, for a total transaction of $738,393.50. Following the completion of the sale, the executive vice president now directly owns 31,422 shares in the company, valued at $738,417. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeff T. Ricci sold 31,695 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $18.23, for a total transaction of $577,799.85. Following the sale, the senior vice president now owns 31,695 shares of the company’s stock, valued at $577,799.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,604,844 shares of company stock valued at $35,480,436. Insiders own 0.87% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.39%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 14.21%.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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