Hewlett Packard Enterprise Co. (NYSE:HPE) – Equities researchers at Oppenheimer Holdings reduced their Q1 2017 earnings estimates for shares of Hewlett Packard Enterprise in a research note issued on Tuesday. Oppenheimer Holdings analyst I. Kidron now expects that the firm will post earnings of $0.44 per share for the quarter, down from their previous estimate of $0.45. Oppenheimer Holdings has a “Buy” rating and a $25.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Hewlett Packard Enterprise’s Q4 2017 earnings at $0.58 EPS, FY2017 earnings at $2.00 EPS and FY2018 earnings at $2.10 EPS.

A number of other equities analysts have also recently issued reports on HPE. Credit Suisse Group AG increased their target price on Hewlett Packard Enterprise from $21.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $22.00 target price on shares of Hewlett Packard Enterprise in a report on Tuesday, August 2nd. Jefferies Group reissued a “buy” rating and issued a $24.25 target price on shares of Hewlett Packard Enterprise in a report on Monday, August 15th. Raymond James Financial Inc. initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, August 17th. They issued a “market perform” rating and a $22.07 target price for the company. Finally, Vetr cut Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating and set a $24.02 target price for the company. in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $22.80.

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

Shares of Hewlett Packard Enterprise (NYSE:HPE) traded up 2.97% during mid-day trading on Thursday, hitting $23.55. The stock had a trading volume of 21,568,880 shares. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.85. The firm’s 50-day moving average price is $22.45 and its 200 day moving average price is $20.62. The stock has a market cap of $39.22 billion and a price-to-earnings ratio of 9.82.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The business earned $12.50 billion during the quarter, compared to analyst estimates of $12.85 billion. Hewlett Packard Enterprise had a return on equity of 10.38% and a net margin of 6.31%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share.

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 $0.065 dividend. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.10%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is currently 12.02%.

In related news, Director Ann M. Livermore sold 44,000 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $22.65, for a total value of $996,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Timothy C. Stonesifer sold 101,610 shares of Hewlett Packard Enterprise stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.01, for a total value of $2,236,436.10. Following the completion of the sale, the chief financial officer now directly owns 101,610 shares in the company, valued at approximately $2,236,436.10. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Ledyard National Bank increased its stake 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 in the last quarter. Wedgewood Investors Inc. PA increased its stake in Hewlett Packard Enterprise by 0.5% in the third quarter. Wedgewood Investors Inc. PA now owns 10,864 shares of the company’s stock worth $247,000 after buying an additional 54 shares in the last quarter. Cypress Wealth Advisors LLC increased its stake in Hewlett Packard Enterprise by 0.4% in the second quarter. Cypress Wealth Advisors LLC now owns 16,922 shares of the company’s stock worth $309,000 after buying an additional 70 shares in the last quarter. Haverford Trust Co. increased its stake in Hewlett Packard Enterprise by 0.8% in the second quarter. Haverford Trust Co. now owns 22,425 shares of the company’s stock worth $410,000 after buying an additional 175 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in Hewlett Packard Enterprise by 0.6% in the second quarter. Advisor Partners LLC now owns 29,252 shares of the company’s stock worth $534,000 after buying an additional 181 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Research Analysts Set Expectations for Hewlett Packard Enterprise Co.’s Q1 2017 Earnings (HPE)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international copyright and trademark laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/24/research-analysts-set-expectations-for-hewlett-packard-enterprise-co-s-q1-2017-earnings-hpe.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).

5 Day Chart for NYSE:HPE

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.