Hewlett Packard Enterprise Co. (NYSE:HPE) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.42-0.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.46. Hewlett Packard Enterprise also updated its FY17 guidance to $2.00-2.10 EPS.

Hewlett Packard Enterprise Co. (NYSE:HPE) opened at 22.87 on Wednesday. The company has a market cap of $38.09 billion and a price-to-earnings ratio of 9.54. The firm has a 50-day moving average price of $22.42 and a 200 day moving average price of $20.60. Hewlett Packard Enterprise Co. has a one year low of $11.62 and a one year high of $23.85.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Hewlett Packard Enterprise had a return on equity of 10.15% and a net margin of 8.31%. The firm earned $12.50 billion during the quarter, compared to analyst estimates of $12.85 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue was down 7.2% compared to the same quarter last year. Equities analysts expect that Hewlett Packard Enterprise Co. will post $1.92 earnings per share for the current fiscal year.

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

The company also recently declared 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 annualized dividend and a yield of 1.14%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s payout ratio is 9.17%.

Several brokerages have issued reports on HPE. Oppenheimer Holdings Inc. set a $25.00 price target on Hewlett Packard Enterprise and gave the stock a buy rating in a research note on Tuesday. Vetr downgraded Hewlett Packard Enterprise from a buy rating to a hold rating and set a $23.99 price objective on the stock. in a report on Monday, November 7th. Wells Fargo & Co. downgraded Hewlett Packard Enterprise from an outperform rating to a market perform rating in a report on Thursday, September 8th. Barclays PLC lifted their price objective on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock an underweight rating in a report on Thursday, September 8th. Finally, Mizuho lifted their price objective on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the stock a neutral rating in a report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $22.49.

In related news, SVP Jeff T. Ricci sold 43,137 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $22.44, for a total value of $967,994.28. Following the transaction, the senior vice president now directly owns 52,221 shares of the company’s stock, valued at approximately $1,171,839.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael G. Nefkens sold 107,500 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $22.00, for a total value of $2,365,000.00. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in HPE. MCF Advisors LLC raised its stake in shares of 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 in the last quarter. Cipher Capital LP raised its stake in shares of Hewlett Packard Enterprise by 354.4% in the second quarter. Cipher Capital LP now owns 296,727 shares of the company’s stock worth $5,421,000 after buying an additional 231,427 shares in the last quarter. General Electric Co. raised its stake in shares of Hewlett Packard Enterprise by 1,642.3% in the second quarter. General Electric Co. now owns 2,688,385 shares of the company’s stock worth $49,117,000 after buying an additional 2,534,087 shares in the last quarter. Sei Investments Co. raised its stake in shares of Hewlett Packard Enterprise by 3.5% in the second quarter. Sei Investments Co. now owns 1,995,616 shares of the company’s stock worth $36,460,000 after buying an additional 67,244 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its stake in shares of Hewlett Packard Enterprise by 6.9% in the second quarter. Seizert Capital Partners LLC now owns 435,815 shares of the company’s stock worth $7,962,000 after buying an additional 28,201 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

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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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