FY2019 EPS Estimates for Hewlett Packard Enterprise Co Raised by Gabelli (HPE)

Hewlett Packard Enterprise Co (NYSE:HPE) – Analysts at Gabelli increased their FY2019 earnings per share estimates for Hewlett Packard Enterprise in a report issued on Tuesday, Zacks Investment Research reports. Gabelli analyst H. Susanto now forecasts that the technology company will post earnings of $1.50 per share 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.

A number of other research firms also recently commented on HPE. FBN Securities reissued a “buy” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, January 18th. Credit Suisse Group AG restated a “hold” rating and issued a $21.00 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, April 4th. Needham & Company LLC cut Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Zacks Investment Research cut Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Monday, February 27th. Finally, Wells Fargo & Co restated a “market perform” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 8th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.83.

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

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Hewlett Packard Enterprise (NYSE:HPE) traded down 1.04% during midday trading on Thursday, hitting $18.14. The stock had a trading volume of 12,252,832 shares. The firm has a market cap of $30.07 billion, a PE ratio of 9.84 and a beta of 3.05. Hewlett Packard Enterprise has a one year low of $15.38 and a one year high of $24.88. The stock has a 50-day moving average price of $21.06 and a 200 day moving average price of $22.58.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Hewlett Packard Enterprise had a return on equity of 10.43% and a net margin of 6.31%. The business earned $11.41 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was down 10.4% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Hewlett Packard Enterprise by 2.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 398,197 shares of the technology company’s stock valued at $9,059,000 after buying an additional 8,833 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Hewlett Packard Enterprise by 0.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,576,150 shares of the technology company’s stock valued at $81,357,000 after buying an additional 24,623 shares in the last quarter. Dodge & Cox purchased a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at about $4,831,636,000. OZ Management LP raised its position in shares of Hewlett Packard Enterprise by 212.4% in the third quarter. OZ Management LP now owns 8,391,778 shares of the technology company’s stock valued at $190,913,000 after buying an additional 5,705,284 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Hewlett Packard Enterprise by 1.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 274,330 shares of the technology company’s stock valued at $6,241,000 after buying an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

In related news, EVP Michael G. Nefkens sold 831,311 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $22.41, for a total transaction of $18,629,679.51. Following the completion of the transaction, the executive vice president now owns 474,245 shares of the company’s stock, valued at approximately $10,627,830.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F. Schultz sold 17,176 shares of the business’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $24.00, for a total value of $412,224.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,500,214 shares of company stock valued at $33,569,384 in the last three months. 0.87% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be given a dividend of $0.065 per share. The ex-dividend date is Monday, June 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.43%. Hewlett Packard Enterprise’s dividend payout ratio is presently 14.21%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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