They expect $0.28 EPS, down 117.86% or $0.33 from last year's $0.61 per share.
Whitman became President of CEO of HP in January 2011 and helped navigate its 2015 split into two separate companies; HP Inc and HPE. The company's stock had a trading volume of 12,408,800 shares, compared to its average volume of 12,097,333. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.15 and a current ratio of 1.27.
Several analysts recently issued reports on the stock. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company's stock valued at $111,000 after purchasing an additional 266 shares during the last quarter. Often times a company will post better than expected numbers but the stock will drop in price. The biggest holder now is Margaret C. Whitman who owns 767,599 shares (0.05% of those outstanding), whilst Raymond J. Lane holds 182,531 (0.01% of shares outstanding) and Mr. Timothy C. Stonesifer holds 75,038 (0.0046% of shares outstanding).
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In related news, EVP Henry Gomez sold 494,360 shares of the company's stock in a transaction that occurred on Tuesday, September 26th. This is a positive change from Hewlett Packard Enterprise's previous quarterly dividend of $0.07. The disclosure for this sale can be found here. Hewlett Packard Enterprise's dividend payout ratio is presently 371.48%. SVP, Finance & Treasurer Kirt P. Karros sold 11,880 shares at an average price of $13.36 on Monday the 6th. The shares were sold on November 6th for an average price of $13.43.
October 19 investment analysts at Robert W. Baird made no change to the stock rating of "Hold" with a current price target of $16.00. Whitman shot down the reports by tweeting: "I am fully committed to HPE and plan to remain the company's CEO". Shares buyback plans are typically an indication that the company's board believes its stock is undervalued. KeyCorp reissued a "hold" rating on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. The stock was sold at an average price of $14.27, for a total value of $21,320,721.38.
As of the end of the quarter State Street Corp had sold a total of 2,250,358 shares trimming its holdings by 3.0%.
Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock.
On October 17 analysts at Pivotal Research updated guidance on HPE by announcing an initial rating of "Hold". The stock has an average rating of "Hold" and an average price target of $17.49.
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Bloomberg Technology's Gerrit De Vynck and Natalie Wong observe that "since 2009, 19 female CEOs of Standard & Poor's 500 companies have stepped down". The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT). The Financial Services segment enables flexible IT consumption models, financial architectures and customized investment solutions for its customers.