Stock Update (NYSE:HPQ): HP Enterprise Climbs On Upbeat Q1, Full-Year Forecast

[at Barrons.com] – Hewlett Packard Enterprise(HPE) is rising after reporting a better-than-expected first quarter. For the second quarter, HP Enterprise said it would earn between 39 cents and 43 cents a share, compared to the 42-cent consensus. This is the company’s first stand-alone earnings call since Hewlett-Packard split in two in November. Read more on this. HP Inc. (HPQ) , with a current market cap of $19.18B, opened this morning at $10.97. Looking at the stock, its one day range is $10.96 to $11.30 and has traded between $8.91 and $16.17 over the past 12 months. Priced at 6.87x this year’s forecasted earnings, HPQ shares are relatively inexpensive compared to the industry’s 7.17x forward p/e ratio. The company pays shareholders $0.50 per share in dividend income per year, for a current yield of 4.66%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.38 per share, which would be $0.49 worse than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $1.59 is a $1.59 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.80 Billion. If reported, that would be a 53.63% decrease over the year-ago quarter. Recently, Wells Fargo downgraded HPQ from Outperform to Market Perform (Jan 7, 2016). Previously, FBN Securities Initiated HPQ at to Sector Perform. The average price target for HPQ shares is $13.43, which is 22.42% above where the stock opened this morning. See more in (NYSE:HPQ) Similar Articles: Stock Update: Hewlett-Packard Company (NYSE:HPQ) – Should You Invest in Shares of HP or Hewlett Packard Enterprise? Stock Update (NYSE:HPQ): Hewlett Slips: ‘Enterprise’ Sets $3B Buyback Plan After Dell’s $67B EMC Buy Stock Update (NYSE:HPQ): Hewlett-Packard (HPQ) Stock Rising on Latest Cost Cutting Plan