Hewlett Packard Enterprise Co. (HPE) Updates FY17 Earnings Guidance
Hewlett Packard Enterprise Co. (NYSE:HPE) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.02. Hewlett Packard Enterprise also updated its Q1 guidance to $0.42-0.46 EPS.
A number of research analysts have issued reports on the company. Vetr upgraded Hewlett Packard Enterprise from a hold rating to a buy rating and set a $25.66 price objective for the company in a research note on Monday. Jefferies Group reiterated a buy rating on shares of Hewlett Packard Enterprise in a research note on Friday. Raymond James Financial Inc. upgraded Hewlett Packard Enterprise from a market perform rating to an outperform rating and lifted their price objective for the company from $23.60 to $29.00 in a research note on Friday. Oppenheimer Holdings Inc. set a $25.00 price objective on Hewlett Packard Enterprise and gave the company a buy rating in a research note on Monday, November 14th. Finally, Wells Fargo & Co. reiterated a market perform rating on shares of Hewlett Packard Enterprise in a research note on Friday, November 11th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $22.49.
Hewlett Packard Enterprise Co. (NYSE:HPE) traded down 1.08% during midday trading on Tuesday, hitting $22.87. The company had a trading volume of 24,057,061 shares. Hewlett Packard Enterprise Co. has a 1-year low of $11.62 and a 1-year high of $23.85. The firm has a market capitalization of $38.09 billion and a P/E ratio of 9.54. The company has a 50 day moving average price of $22.41 and a 200 day moving average price of $20.55.
Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. The company earned $12.50 billion during the quarter, compared to analyst estimates of $12.85 billion. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts forecast that Hewlett Packard Enterprise Co. will post $1.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 9.17%.
In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 43,137 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $22.44, for a total transaction of $967,994.28. Following the completion of the transaction, the senior vice president now owns 52,221 shares in the company, valued at approximately $1,171,839.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F. Schultz sold 316,164 shares of Hewlett Packard Enterprise stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $22.84, for a total value of $7,221,185.76. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in Hewlett Packard Enterprise by 177.3% in the second quarter. American Century Companies Inc. now owns 2,101,010 shares of the company’s stock worth $38,385,000 after buying an additional 1,343,331 shares during the period. BlackRock Fund Advisors boosted its stake in Hewlett Packard Enterprise by 2.0% in the second quarter. BlackRock Fund Advisors now owns 20,003,693 shares of the company’s stock worth $365,467,000 after buying an additional 400,155 shares during the period. US Bancorp DE boosted its stake in Hewlett Packard Enterprise by 1.0% in the second quarter. US Bancorp DE now owns 775,267 shares of the company’s stock worth $14,164,000 after buying an additional 7,682 shares during the period. Wetherby Asset Management Inc. boosted its stake in Hewlett Packard Enterprise by 2.1% in the second quarter. Wetherby Asset Management Inc. now owns 25,755 shares of the company’s stock worth $471,000 after buying an additional 532 shares during the period. Finally, Employees Retirement System of Texas boosted its stake in Hewlett Packard Enterprise by 372.5% in the second quarter. Employees Retirement System of Texas now owns 515,000 shares of the company’s stock worth $9,409,000 after buying an additional 406,000 shares during the period. Hedge funds and other institutional investors own 79.61% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Hewlett Packard Enterprise Co. (HPE) Updates FY17 Earnings Guidance” was originally posted by [[sitename]] and is owned by of [[sitename]]. If you are viewing this article on another domain, it was illegally copied and reposted in violation of United States & international copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2016/11/22/hewlett-packard-enterprise-co-hpe-updates-fy17-earnings-guidance.html.
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).
Receive News & Stock Ratings for Hewlett Packard Enterprise Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Co. and related stocks with our FREE daily email newsletter.