Hewlett Packard Enterprise falls after revenue miss, slashed earnings forecast

Hewlett Packard Enterprise falls after revenue miss, slashed earnings forecast

LLC raised its position in shares of Hewlett Packard Enterprise Company by 2,135.3% in the third quarter. Insiders have sold 329,620 shares of company stock worth $7,862,012 over the last three months.

This year, Hewlett Packard Enterprise should wrap up two multibillion deals unveiled in 2016. The Stock has YTD (year to date) performance of 6.57 percent. However, the stock is trading down sharply in pre-market trading.

Hewlett Packard Enterprise Co has a 50 day moving average of 23.34 and a 200 day moving average of 22.81. The stock has earnings growth of 299.60% yoy and showed a high EPS growth of 29.30% over the past five years.

For the quarter ending last month, Hewlett Packard Enterprise earned 45 cents per share, topping the market's outlook for a profit of 44 cents per share of HPE. Earnings, adjusted for one-time gains and costs, were 45 cents per share. Street expectations are for EPS of $0.47 and $2.10. This year Company's Earnings per Share (EPS) growth is 17.40% and next year's EPS growth is 11.32%. For the full year, HPE's forecast for net earnings per share fell to a range of 60 to 70 cents a share from a previous forecast of 72 to 82 cents.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Perhaps, that suggests something about why 0.10% of the outstanding share supply is held by institutional investors.


Currently, the analyst consensus on Hewlett Packard Enterprise is Moderate Buy and the average price target is $26.57, representing a 7.0% upside.

11/23/2016 - Hewlett Packard Enterprise Co had its "buy" rating reiterated by analysts at Needham & Company. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of U.S. & global trademark and copyright legislation.

Stock has got outperform rating from 6 analysts of Thomson Reuters whereas 12 analysts given hold rating to the stock. Gabelli started coverage on shares of Hewlett Packard Enterprise Company in a report on Monday, December 5th.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/oppenheimer-holdings-inc-reiterates-27-00-price-target-for-hewlett-packard-enterprise-company-hpe/453149.html. The shares fell as much as 6.7% in extended trading after closing at $24.66 in NY. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company has a 52-Week High of -8.76% and a 52-Week Low of 79.14%. But Friday's fall of more than 8% below the buy point triggers a sell signal, in any case. The disclosure for this sale can be found here. The stock sank -10% last month and is down -4.55 this year. The Software segment automate information technology operations to simplify, accelerate and secure business processes and drives the analytics that turn raw data into actionable knowledge.

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