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.

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

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.

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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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