HP Enterprise cuts full-year profit forecast, shares slide

Watch List: Hewlett Packard Enterprise Company (NYSE:HPE)

BlackRock Fund Advisors now owns 20,919,461 shares of the company's stock worth $475,918,000 after buying an additional 915,768 shares in the last quarter. Hewlett Packard Enterprise was founded on November 1, 2015 and is headquartered in Palo Alto, CA. Strong Sell. Investors might also notice that two months ago the Buy recommendations (2) outnumbered Sell recommendations (1).

The simple moving average is the most common method used to calculate the moving average of prices.

HPE cited as well the higher costs of commodities and some issues of near term execution for the lowering of its profit forecast for the year. This Computer and Technology Sector stock now has the Market Capitalization of 41.14 Billion.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Hewlett Packard Enterprise Company (NYSE:HPE) beats earnings by 50%, The Stock Missed Earnings 0 times and has met earnings 2 times.

The next year first quarter EPS estimates trend for current period shows $0.55 while one month ago this estimate trend was for $0.54. The company's Enterprise Group revenue declined by 12% year over year (6% adjusted for currency). Bronfman E.L. Rothschild L.P. increased its position in Hewlett Packard Enterprise Company by 10.3% in the third quarter. Price changes resulting from an earnings surprise can be felt immediately.




Shares of HPE were trading down about 9.5% at $22.31 early Friday, with a consensus analyst price target of $24.80 and a 52-week trading range of $13.09 to $24.88. At present, the PEG is valued at 11.42 alongside the P/S ratio of 0.82 and P/B ratio of 1.33. The ex-dividend date is Monday, March 13th.

The 23 analysts offering 12-month price forecasts for Hewlett Packard Enterprise Co have a median target of 25.00, with a high estimate of 28.00 and a low estimate of 18.00.

Analysts had been modeling $12.06 billion in revenue and 44 cents per share. The stock, after opening at $24.40, closed at $24.66 by scoring 1.07%. The Closing price of Hewlett Packard Enterprise Company (NYSE:HPE) at Last Earnings was $22.81 as compared to the previous closing price of $24.66. Raymond James Financial, Inc. raised Hewlett Packard Enterprise Company from a market perform rating to an outperform rating and set a $29.00 price objective on the stock in a report on Wednesday, December 7th. The company presently has an average rating of "Hold" and an average price target of $23.66. The shares were sold at an average price of $23.12, for a total value of $110,513.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. They issued a neutral rating on the stock. The disclosure for this sale can be found here.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.

11/23/2016 - Hewlett Packard Enterprise Co had its " rating reiterated by analysts at Susquehanna. The TTM operating margin is 8.3 percent.

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