Hewlett Packard Enterprise Co. (NYSE:HPE) – Analysts at Jefferies Group cut their Q2 2017 EPS estimates for Hewlett Packard Enterprise in a note issued to investors on Wednesday. Jefferies Group analyst J. Kisner now anticipates that the firm will earn $0.38 per share for the quarter, down from their prior estimate of $0.39. Jefferies Group currently has a “Buy” rating and a $27.00 target price on the stock. Jefferies Group also issued estimates for Hewlett Packard Enterprise’s Q4 2017 earnings at $0.36 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.34 EPS.

A number of other brokerages also recently issued reports on HPE. Mizuho boosted their price objective on Hewlett Packard Enterprise from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Brean Capital reissued a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 19th. Credit Suisse Group AG reissued a “buy” rating and issued a $26.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, November 7th. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, October 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 9th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. Hewlett Packard Enterprise currently has a consensus rating of “Hold” and a consensus price target of $22.80.

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

Hewlett Packard Enterprise (NYSE:HPE) traded up 2.97% on Thursday, hitting $23.55. The company had a trading volume of 21,568,880 shares. The stock’s 50-day moving average price is $22.45 and its 200 day moving average price is $20.62. Hewlett Packard Enterprise has a one year low of $11.62 and a one year high of $23.85. The company has a market capitalization of $39.22 billion and a P/E ratio of 9.82.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data 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 business earned $12.50 billion during the quarter, compared to the consensus estimate of $12.85 billion. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. Hewlett Packard Enterprise’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share.

Institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its position in Hewlett Packard Enterprise by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 44,505,637 shares of the company’s stock worth $813,118,000 after buying an additional 329,761 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Hewlett Packard Enterprise by 8.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 27,055,545 shares of the company’s stock worth $494,305,000 after buying an additional 2,126,559 shares during the last quarter. FMR LLC raised its position in Hewlett Packard Enterprise by 7.0% in the second quarter. FMR LLC now owns 24,762,003 shares of the company’s stock worth $452,402,000 after buying an additional 1,609,232 shares during the last quarter. BlackRock Fund Advisors raised its position in Hewlett Packard Enterprise by 4.6% in the third quarter. BlackRock Fund Advisors now owns 20,919,461 shares of the company’s stock worth $475,918,000 after buying an additional 915,768 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Hewlett Packard Enterprise by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 17,657,453 shares of the company’s stock worth $322,571,000 after buying an additional 60,125 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Christopher P. Hsu sold 4,780 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $23.12, for a total value of $110,513.60. Following the completion of the transaction, the executive vice president now directly owns 71,219 shares of the company’s stock, valued at $1,646,583.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Schultz sold 12,555 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $23.46, for a total value of $294,540.30. Following the completion of the transaction, the executive vice president now directly owns 79,447 shares of the company’s stock, valued at $1,863,826.62. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be issued a $0.065 dividend. This is a positive change 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 1.10%. The ex-dividend date is Monday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 12.02%.

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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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