Today: Today, Brokers Set Expectations for Hewlett Packard Enterprise Co.’s FY2019 Earnings (HPE)

Today, Brokers Set Expectations for Hewlett Packard Enterprise Co.’s FY2019 Earnings (HPE)

Hewlett Packard Enterprise Co. (NYSE:HPE) – Equities research analysts at Clsa Americas issued their FY2019 earnings per share (EPS) estimates for Hewlett Packard Enterprise in a report issued on Tuesday. Clsa Americas analyst L. Miscioscia forecasts that the firm will earn $1.25 per share for the year.

HPE has been the topic of a number of other reports. Needham & Company LLC restated a “buy” rating and set a $24.00 price target (up from $22.00) on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Robert W. Baird restated a “hold” rating and set a $24.00 price target (up from $23.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday. Raymond James Financial Inc. upgraded shares of Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and upped their price target for the company from $23.60 to $29.00 in a research note on Friday, November 18th. Sanford C. Bernstein restated an “outperform” rating and set a $24.50 price target on shares of Hewlett Packard Enterprise in a research note on Tuesday, September 20th. Finally, Wells Fargo & Co. restated a “market perform” rating on shares of Hewlett Packard Enterprise in a research note on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.80.

Shares of Hewlett Packard Enterprise (NYSE:HPE) traded down 1.40% during mid-day trading on Thursday, reaching $23.22. 10,617,342 shares of the company’s stock were exchanged. The firm has a market cap of $38.67 billion and a P/E ratio of 9.69. The company has a 50 day moving average price of $22.45 and a 200 day moving average price of $20.62. Hewlett Packard Enterprise has a 52-week low of $11.62 and a 52-week high of $23.85.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.85 billion. During the same quarter last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis.

Several large investors have recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $100,000. 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 company’s stock valued at $100,000 after buying an additional 36 shares in the last quarter. MCF Advisors LLC boosted its stake in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock valued at $103,000 after buying an additional 2,501 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 approximately $103,000. Finally, 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 company’s stock valued at $108,000 after buying an additional 441 shares in the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Ann M. Livermore sold 44,000 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $22.65, for a total value of $996,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $22.01, for a total transaction of $2,236,436.10. Following the completion of the sale, the chief financial officer now directly owns 101,610 shares of the company’s stock, valued at $2,236,436.10. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a yield of 1.10%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio is presently 12.02%.

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