Hewlett Packard Enterprise Co. (NYSE:HPE) – Equities research analysts at Jefferies Group raised their Q1 2017 earnings per share estimates for Hewlett Packard Enterprise in a note issued to investors on Thursday. Jefferies Group analyst J. Kisner now expects that the firm will post earnings per share of $0.43 for the quarter, up from their previous estimate of $0.41. Jefferies Group has a “Buy” rating and a $27.00 price target on the stock. Jefferies Group also issued estimates for Hewlett Packard Enterprise’s Q2 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.31 EPS, Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $1.50 EPS, Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.41 EPS.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The business earned $12.20 billion during the quarter, compared to the consensus estimate of $12.64 billion. Hewlett Packard Enterprise had a net margin of 8.31% and a return on equity of 10.15%. The business’s revenue was down 3.9% on a year-over-year basis.

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

A number of other analysts have also recently commented on HPE. Vetr cut shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and set a $23.99 target price for the company. in a research note on Monday, November 7th. Wells Fargo & Co. cut shares of Hewlett Packard Enterprise from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th. Barclays PLC upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, September 8th. Mizuho upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.82.

Hewlett Packard Enterprise (NYSE:HPE) opened at 23.31 on Monday. The stock’s 50 day moving average is $22.33 and its 200-day moving average is $20.20. The stock has a market capitalization of $38.82 billion and a price-to-earnings ratio of 9.72. Hewlett Packard Enterprise has a 12 month low of $11.62 and a 12 month high of $23.69.

Large investors have recently made changes to their positions in the stock. Ledyard National Bank increased its position in Hewlett Packard Enterprise by 0.8% in the third quarter. Ledyard National Bank now owns 4,404 shares of the company’s stock worth $100,000 after buying an additional 36 shares during the period. Bronfman E.L. Rothschild L.P. increased its position 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 worth $108,000 after buying an additional 441 shares during the period. Global X Management Co. LLC increased its position in Hewlett Packard Enterprise by 2,135.3% in the third quarter. Global X Management Co. LLC now owns 5,320 shares of the company’s stock worth $121,000 after buying an additional 5,082 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Hewlett Packard Enterprise during the second quarter worth approximately $100,000. Finally, MCF Advisors LLC increased its position in Hewlett Packard Enterprise by 79.7% in the second quarter. MCF Advisors LLC now owns 5,640 shares of the company’s stock worth $103,000 after buying an additional 2,501 shares during the period. 79.81% of the stock is currently owned by institutional investors.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 43,137 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $22.44, for a total value of $967,994.28. Following the sale, the senior vice president now directly owns 52,221 shares of the company’s stock, valued at approximately $1,171,839.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Antonio F. Neri sold 11,781 shares of the stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $22.68, for a total transaction of $267,193.08. Following the completion of the sale, the executive vice president now directly owns 4,936 shares in the company, valued at $111,948.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be given a $0.065 dividend. The ex-dividend date of this dividend is Monday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.12%. Hewlett Packard Enterprise’s dividend payout ratio is currently 9.17%.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, 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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