Hewlett Packard Enterprise Co. (NYSE:HPE) – Analysts at Jefferies Group increased their Q3 2017 earnings estimates for shares of Hewlett Packard Enterprise in a research report issued on Wednesday. Jefferies Group analyst J. Kisner now expects that the firm will earn $0.33 per share for the quarter, up from their previous estimate of $0.31. Jefferies Group has a “Buy” rating and a $27.00 price target on the stock.

A number of other research analysts have also recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $24.50 price objective on shares of Hewlett Packard Enterprise in a report on Friday. Susquehanna set a $20.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “hold” rating in a report on Thursday, November 24th. Deutsche Bank AG lifted their price objective on shares of Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 23rd. BMO Capital Markets lifted their price objective on shares of Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, November 23rd. Finally, Barclays PLC lifted their price objective on shares of Hewlett Packard Enterprise from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.80.

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

ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for Hewlett Packard Enterprise Co. (HPE) Increased by Analyst” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/29/q3-2017-eps-estimates-for-hewlett-packard-enterprise-co-hpe-increased-by-analyst.html.

Hewlett Packard Enterprise (NYSE:HPE) opened at 23.34 on Monday. The company has a market capitalization of $38.87 billion and a PE ratio of 9.74. The firm has a 50-day moving average of $22.48 and a 200 day moving average of $20.79. Hewlett Packard Enterprise has a 12-month low of $11.62 and a 12-month high of $23.85.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results 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 firm had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.85 billion. Hewlett Packard Enterprise had a net margin of 6.31% and a return on equity of 10.38%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS.

A number of institutional investors have recently added to or reduced their stakes in HPE. BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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 period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of 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 period. FMR LLC boosted its stake in shares of 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 period. BlackRock Fund Advisors boosted its stake in shares of 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 period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 period. 78.37% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for Hewlett Packard Enterprise Co. (HPE) Increased by Analyst” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/29/q3-2017-eps-estimates-for-hewlett-packard-enterprise-co-hpe-increased-by-analyst.html.

In other Hewlett Packard Enterprise news, EVP Christopher P. Hsu sold 4,780 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were 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 owns 71,219 shares of the company’s stock, valued at approximately $1,646,583.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John F. Schultz sold 12,555 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $23.46, for a total transaction 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 approximately $1,863,826.62. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

The business 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 represents a $0.26 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Monday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.06. Hewlett Packard Enterprise’s payout ratio is currently 12.02%.

Hewlett Packard Enterprise Company Profile

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.