Brokerages on Wall Street forecast an EPS of $0.42 for Hewlett Packard Enterprise (NYSE HPE) for the present fiscal quarter. Estimates have been provided by 5 analysts ranging between $0.43 and $0.41. During the same period last year, a $0.32 EPS was reported. This suggests a 31.3% annual growth rate. The next announcement of its earnings results should be on 24th August, Tuesday.
Detailed Commentary Of HPE
The most recent earnings results of HPE were posted on 31st May, Monday. A quarterly EPS of $0.46 was reported, beating the consensus $0.42 estimate with an 8.51% equity return and a 2.35% net margin. The quarterly revenue stood at $6.70Bn.
Several research analysts have issued their reports on HPE stock. Raymond James increased their price target to $20 from $18 while issuing a rating of “outperform” on 2nd June, Wednesday. Stifel Nicolaus started covering the stock on 17th May, Monday. They issued a rating of “buy” while setting a target price of $20 on 17th May, Monday. Morgan Stanley reissued a rating of “hold” while setting a target price of $18 on 2nd July, Friday. Zacks Investment Research decreased their rating to “strong sell” from “hold” while setting a target price of $18 on 2nd July, Friday. JPMorgan Chase & Co. increased their price target to $18 from $17 while issuing a rating of “overweight” on 26th March, Friday.
On Friday, HPE was trading upwards during midday by $0.28, reaching a high of $14.58. The moving average over a period of 50 days currently stands at $15.55. Its market capitalization stands at $19.04Bn with a 1.23 beta. The highest and lowest over a period of 12 months stand at $16.74 and $8.28 respectively.
Thomas E. Black, Jr., an SVP, sold off 11,555 shares on 15th June, Tuesday at a $15.64 average price per share. Gary M. Reiner, a Director, sold off 75,000 HPE shares on 4th June, Friday at a $15.98 average price per share.
