Hewlett Packard Enterprise Company (NYSE:HPE) – Research analysts at KeyCorp issued their FY2017 earnings estimates for shares of Hewlett Packard Enterprise in a report issued on Wednesday. KeyCorp analyst A. Kurtz anticipates that the technology company will post earnings per share of $1.38 for the year. KeyCorp also issued estimates for Hewlett Packard Enterprise’s Q4 2017 earnings at $0.28 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.37 EPS, FY2018 earnings at $1.16 EPS and FY2019 earnings at $1.27 EPS.

Several other analysts have also commented on HPE. BidaskClub raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Monday, August 14th. UBS AG reaffirmed a “buy” rating and issued a $16.00 price objective (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday. They noted that the move was a valuation call. Maxim Group reiterated a “hold” rating and set a $14.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday. J P Morgan Chase & Co reiterated a “neutral” rating and set a $14.00 target price on shares of Hewlett Packard Enterprise in a research report on Wednesday. Finally, Loop Capital reiterated a “hold” rating and set a $14.50 target price (down from $17.00) on shares of Hewlett Packard Enterprise in a research report on Friday. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.18.

WARNING: “KeyCorp Weighs in on Hewlett Packard Enterprise Company’s FY2017 Earnings (HPE)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/09/09/keycorp-weighs-in-on-hewlett-packard-enterprise-companys-fy2017-earnings-hpe.html.

Shares of Hewlett Packard Enterprise (NYSE:HPE) opened at 13.12 on Friday. The stock has a market cap of $21.55 billion, a PE ratio of 9.95 and a beta of 2.72. The company’s 50-day moving average price is $13.68 and its 200-day moving average price is $13.68. Hewlett Packard Enterprise has a one year low of $11.99 and a one year high of $14.86.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.26 annualized dividend and a dividend yield of 1.98%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 371.48%.

In other news, EVP Christopher P. Hsu sold 15,333 shares of Hewlett Packard Enterprise stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.67, for a total value of $270,934.11. Following the sale, the executive vice president now directly owns 15,333 shares of the company’s stock, valued at $270,934.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Margaret C. Whitman sold 132,192 shares of Hewlett Packard Enterprise stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total value of $2,208,928.32. Following the completion of the sale, the chief executive officer now directly owns 865,021 shares in the company, valued at $14,454,500.91. The disclosure for this sale can be found here. Insiders sold 1,963,677 shares of company stock worth $34,198,508 over the last ninety days. Insiders own 0.87% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Achmea Investment Management B.V. increased its holdings in shares of Hewlett Packard Enterprise by 7.1% in the second quarter. Achmea Investment Management B.V. now owns 252,431 shares of the technology company’s stock worth $4,184,000 after purchasing an additional 16,740 shares during the last quarter. WFG Advisors LP increased its holdings in shares of Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after purchasing an additional 801 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Hewlett Packard Enterprise by 25.3% in the second quarter. Toronto Dominion Bank now owns 566,943 shares of the technology company’s stock worth $9,404,000 after purchasing an additional 114,500 shares during the last quarter. Oak Associates Ltd. OH increased its holdings in shares of Hewlett Packard Enterprise by 4.4% in the second quarter. Oak Associates Ltd. OH now owns 309,726 shares of the technology company’s stock worth $5,138,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its holdings in shares of Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after purchasing an additional 7,476 shares during the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

Receive News & Stock Ratings for Hewlett Packard Enterprise Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Company and related stocks with our FREE daily email newsletter.