Equities Analysts Issue Forecasts for Hewlett Packard Enterprise Company’s Q1 2018 Earnings (HPE)

Hewlett Packard Enterprise Company (NYSE:HPE) – Equities researchers at Oppenheimer Holdings dropped their Q1 2018 EPS estimates for shares of Hewlett Packard Enterprise in a note issued to investors on Tuesday. Oppenheimer Holdings analyst I. Kidron now forecasts that the technology company will earn $0.28 per share for the quarter, down from their prior forecast of $0.29. Oppenheimer Holdings currently has a “Buy” rating and a $17.00 target price on the stock. Oppenheimer Holdings also issued estimates for Hewlett Packard Enterprise’s Q3 2018 earnings at $0.31 EPS.

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

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Shares of Hewlett Packard Enterprise (HPE) opened at 13.12 on Friday. The stock has a market capitalization of $21.55 billion, a P/E ratio of 9.95 and a beta of 2.72. The company’s 50-day moving average is $13.68 and its 200 day moving average is $13.68. Hewlett Packard Enterprise has a 12 month low of $11.99 and a 12 month high of $14.86.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the firm posted $0.49 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 2.5% on a year-over-year basis.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Guardian Life Insurance Co. of America increased its position in shares of Hewlett Packard Enterprise by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 6,427 shares of the technology company’s stock worth $152,000 after purchasing an additional 43 shares in the last quarter. Buckingham Asset Management LLC increased its position in shares of Hewlett Packard Enterprise by 0.5% during the first quarter. Buckingham Asset Management LLC now owns 19,748 shares of the technology company’s stock worth $468,000 after purchasing an additional 106 shares in the last quarter. Tdam USA Inc. increased its position in shares of Hewlett Packard Enterprise by 0.9% during the first quarter. Tdam USA Inc. now owns 17,792 shares of the technology company’s stock worth $422,000 after purchasing an additional 162 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Hewlett Packard Enterprise by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares in the last quarter. Finally, Cleararc Capital Inc. increased its position in shares of Hewlett Packard Enterprise by 0.5% during the first quarter. Cleararc Capital Inc. now owns 40,716 shares of the technology company’s stock worth $965,000 after purchasing an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

In related news, CEO Margaret C. Whitman sold 132,192 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $16.71, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher P. Hsu sold 15,333 shares of the business’s stock in a transaction that occurred on 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 owns 15,333 shares of the company’s stock, valued at $270,934.11. The disclosure for this sale can be found here. Insiders have sold 1,963,677 shares of company stock valued at $34,198,508 over the last quarter. 0.87% of the stock is owned by company insiders.

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

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)

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