Zacks: Brokerages expect Hewlett Packard Enterprise (NYSE: HPE) to post $0.46 per share profit

Stock analysts expect Hewlett Packard Enterprise (NYSE:HPE) to post earnings of $0.46 per share for the current quarter, Zacks reports. Five analysts have made earnings estimates for Hewlett Packard Enterprise, with estimates ranging from $0.44 to $0.47. Hewlett Packard Enterprise posted earnings per share of $0.52 in the same quarter last year, indicating a negative 11.5% year-over-year growth rate. The company is expected to announce its next earnings report after the market closes on Tuesday, March 1.

According to Zacks, analysts expect Hewlett Packard Enterprise to report annual earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.05. For the next fiscal year, analysts expect the company to post earnings of $2.20 per share, with EPS estimates ranging from $2.12 to $2.28. Zacks EPS calculations are an average average based on a survey of research analysts who track Hewlett Packard Enterprise.

Hewlett Packard Enterprise Inc (NYSE:HPE) last reported earnings on Tuesday, November 30. The technology company reported earnings per share (EPS) of $0.52 for the quarter, beating analyst consensus estimates of $0.49 by $0.03. The company posted revenue of $7.40 billion in the quarter, compared to $7.37 billion expected by analysts. Hewlett Packard Enterprise had a net margin of 12.33% and a return on equity of 19.59%. Hewlett Packard Enterprise’s quarterly revenue increased 2.7% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.37.

A number of analysts have recently released HPE stock reports. Citigroup cut its price target on Hewlett Packard Enterprise shares from $15.00 to $13.00 and set a “sell” rating for the company in a Thursday, Dec. 2 research note. Raymond James raised his price target on Hewlett Packard Enterprise shares from $20.00 to $21.00 and gave the stock an “outperform” rating in a Wednesday, Dec. 1 research note. Barclays upgraded Hewlett Packard Enterprise shares from an “equal weight” rating to an “overweight” rating and raised its price target for the stock from $16.00 to $20.00 in a rating of search for Tuesday, January 4. Morgan Stanley raised its price target on Hewlett Packard Enterprise shares from $16.00 to $17.00 and gave the stock an “equal weight” rating in a Thursday, January 20 research note. Finally, JPMorgan Chase & Co. raised its price target on Hewlett Packard Enterprise shares from $18.00 to $20.00 in a Thursday, January 20 research note. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned the company a buy rating. According to MarketBeat.com, Hewlett Packard Enterprise currently has a consensus rating of “Hold” and an average target price of $17.81.

NYSE HPE opened at $17.20 on Friday. The company has a 50-day moving average of $16.24 and a 200-day moving average of $15.27. The company has a debt ratio of 0.49, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a market capitalization of $22.25 billion, a PE ratio of 6.72, a P/E/G ratio of 2.38 and a beta of 1.16. Hewlett Packard Enterprise has a 52-week minimum of $12.99 and a 52-week maximum of $17.76.

The company also recently declared a quarterly dividend, which was paid on Friday, January 7. Investors of record on Friday, December 10 received a dividend of $0.12 per share. This represents an annualized dividend of $0.48 and a dividend yield of 2.79%. The ex-dividend date was Thursday, December 9. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 18.75%.

Separately, CEO Antonio F. Neri sold 9,088 shares of Hewlett Packard Enterprise in a trade that took place on Monday, December 27. The shares were sold at an average price of $15.96, for a total transaction of $145,044.48. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, SVP Neil B. Macdonald sold 16,486 shares of Hewlett Packard Enterprise in a trade that took place on Monday, December 13. The shares were sold at an average price of $15.17, for a total transaction of $250,092.62. The disclosure of this sale can be found here. Insiders sold a total of 367,299 shares of the company worth $6,116,248 in the past ninety days. 0.52% of the shares are currently held by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. increased its stake in Hewlett Packard Enterprise by 155.9% during the fourth quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company worth $26,000 after acquiring 985 additional shares in the last quarter. Elmwood Wealth Management Inc. acquired a new stake in Hewlett Packard Enterprise during the 4th quarter for a value of approximately $28,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Hewlett Packard Enterprise during Q3 for a value of approximately $28,000. Evoke Wealth LLC increased its holdings in Hewlett Packard Enterprise by 125.0% during the 4th quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company worth $35,000 after acquiring 1,234 additional shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in Hewlett Packard Enterprise during the 3rd quarter for a value of approximately $42,000. 82.52% of the shares are currently held by hedge funds and other institutional investors.

About Hewlett Packard Enterprise

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

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