Analysts expect Hewlett Packard Enterprise Company (NYSE:HPE) to report $0.23 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hewlett Packard Enterprise’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.22. Hewlett Packard Enterprise posted earnings per share of $0.45 during the same quarter last year, which indicates a negative year-over-year growth rate of 48.9%. The firm is expected to announce its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that Hewlett Packard Enterprise will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.23. For the next financial year, analysts expect that the business will post earnings of $1.31 per share, with EPS estimates ranging from $1.25 to $1.39. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Hewlett Packard Enterprise.
Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. During the same period last year, the firm posted $0.61 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 4.6% on a year-over-year basis.
In related news, EVP Henry Gomez sold 55,200 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.53, for a total value of $746,856.00. Following the completion of the sale, the executive vice president now owns 45,004 shares in the company, valued at $608,904.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alan Richard May sold 7,607 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $14.42, for a total transaction of $109,692.94. Following the completion of the sale, the executive vice president now owns 100,079 shares of the company’s stock, valued at approximately $1,443,139.18. The disclosure for this sale can be found here. Insiders sold 693,409 shares of company stock valued at $9,755,481 in the last quarter. Company insiders own 0.87% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. WFG Advisors LP lifted its stake in shares of Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after purchasing an additional 801 shares during the period. Archford Capital Strategies LLC lifted its stake in shares of Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after purchasing an additional 7,476 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in shares of Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after purchasing an additional 200 shares during the period. Harfst & Associates Inc. lifted its stake in shares of Hewlett Packard Enterprise by 42.5% in the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock valued at $127,000 after purchasing an additional 2,287 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Hewlett Packard Enterprise by 13.2% in the second quarter. D.A. Davidson & CO. now owns 8,300 shares of the technology company’s stock valued at $137,000 after purchasing an additional 966 shares during the period. Hedge funds and other institutional investors own 83.43% of the company’s stock.
Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down $0.01 during trading on Tuesday, reaching $15.05. 12,539,342 shares of the company’s stock traded hands, compared to its average volume of 9,733,925. Hewlett Packard Enterprise has a 52 week low of $12.81 and a 52 week high of $24.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01. The stock has a market cap of $23,990.00 and a P/E ratio of 60.20.
Hewlett Packard Enterprise announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were paid a $0.075 dividend. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.30 annualized dividend and a dividend yield of 1.99%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 120.00%.
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Hewlett Packard Enterprise Company Profile
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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