Hewlett Packard Enterprise Co (NYSE:HPE) – Investment analysts at KeyCorp lowered their Q3 2018 earnings per share estimates for shares of Hewlett Packard Enterprise in a note issued to investors on Thursday. KeyCorp analyst A. Kurtz now forecasts that the technology company will earn $0.33 per share for the quarter, down from their previous forecast of $0.34. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Hewlett Packard Enterprise’s Q4 2018 earnings at $0.36 EPS and FY2019 earnings at $1.28 EPS.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.78 billion. Hewlett Packard Enterprise had a return on equity of 7.70% and a net margin of 0.93%. Hewlett Packard Enterprise’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share.

A number of other equities analysts also recently issued reports on HPE. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price target on shares of Hewlett Packard Enterprise in a research report on Monday, September 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research report on Tuesday, October 10th. Citigroup downgraded Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and increased their price target for the stock from $14.80 to $16.00 in a research report on Friday, October 13th. Pivotal Research initiated coverage on Hewlett Packard Enterprise in a research report on Tuesday, October 17th. They set a “hold” rating and a $14.00 price target on the stock. Finally, TheStreet upgraded Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.25.

Shares of Hewlett Packard Enterprise (HPE) traded down $0.03 during mid-day trading on Monday, reaching $16.05. The company’s stock had a trading volume of 9,415,500 shares, compared to its average volume of 10,560,350. The stock has a market capitalization of $26,200.00 and a P/E ratio of 64.20. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 52 week low of $12.81 and a 52 week high of $24.88.

A number of institutional investors have recently made changes to their positions in HPE. Pzena Investment Management LLC increased its stake in Hewlett Packard Enterprise by 69.7% during the third quarter. Pzena Investment Management LLC now owns 37,560,840 shares of the technology company’s stock worth $552,520,000 after acquiring an additional 15,431,606 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Hewlett Packard Enterprise by 19.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 80,484,863 shares of the technology company’s stock worth $1,183,932,000 after acquiring an additional 13,150,243 shares during the last quarter. Schroder Investment Management Group increased its stake in Hewlett Packard Enterprise by 71.0% during the third quarter. Schroder Investment Management Group now owns 12,475,175 shares of the technology company’s stock worth $181,763,000 after acquiring an additional 5,177,979 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Hewlett Packard Enterprise during the third quarter worth $59,407,000. Finally, Janus Henderson Group PLC increased its stake in Hewlett Packard Enterprise by 1,931.5% during the second quarter. Janus Henderson Group PLC now owns 4,196,917 shares of the technology company’s stock worth $69,628,000 after acquiring an additional 3,990,327 shares during the last quarter. Hedge funds and other institutional investors own 83.49% of the company’s stock.

In related news, EVP Alan Richard May sold 50,158 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $15.50, for a total transaction of $777,449.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Kirt P. Karros sold 9,135 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $14.33, for a total value of $130,904.55. Following the transaction, the senior vice president now owns 4,173 shares in the company, valued at approximately $59,799.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 793,488 shares of company stock worth $11,281,745. Company insiders own 0.87% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.87%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 120.00%.

Hewlett Packard Enterprise announced that its board has initiated a stock repurchase program on Wednesday, October 18th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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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).

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

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