Hewlett Packard Enterprise beats on earnings after spin-off, shares gain

Posted September 07, 2017

The enterprise-focused arm of the split-apart Hewlett-Packard Co. revealed fiscal third-quarter earnings of 15 cents per share for continuing operations, down from $1.43 a share a year ago, on revenue of $8.2 billion. The fund owned 516,389 shares of the technology company's stock after purchasing an additional 84,833 shares during the quarter. The stock has "Neutral" rating by Mizuho on Thursday, September 8.

HPE is now in a position with a refined product portfolio to build hardware for companies while also helping customers implement solutions for the modern era of IT.

Hewlett Packard Enterprise Company (NYSE:HPE) had its price objective reduced by stock analysts at Royal Bank Of Canada from $20.00 to $15.00 in a research note issued on Wednesday.

"I've dedicated the last six years of my life to this company", Whitman said. Hewlett Packard Enterprise Co (HPE) has risen 56.74% since September 6, 2016 and is uptrending. The 1 year EPS growth rate is 35.50%. Investors who are keeping close eye on the stock of Akamai Technologies, Inc. Stock traders purchased 12,185 put options on the company. License revenue was up 2%, up 5% when adjusted for divestitures and currency, Support revenue was down 2%, down 1% when adjusted for divestitures and currency, Professional Services revenue was down 23%, down 22% when adjusted for divestitures and currency, and Software-as-a-service (SaaS) revenue was up 7%, up 7% when adjusted for divestitures and currency. The firm's 50-day moving average price is $13.70 and its 200-day moving average price is $13.69. Hewlett Packard Enterprise has a one year low of $11.99 and a one year high of $14.86. Next quarter's EPS is forecasted to be $0.41 with next year's EPS anticipated to be $1.32. Hewlett Packard Enterprise had a net margin of 4.85% and a return on equity of 9.80%.

HPE's mean Piotroski F-Score: 6 in the past 7 years.

Analysts had, on average, been modeling $7.5 billion in revenue and 26 cents per share in earnings. Investors of record on Wednesday, September 13th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Tuesday, September 12th.

Hewlett Packard Enterprise Company is a well-known provider of technology solutions. Hewlett Packard Enterprise Comp recently announced a dividend for shareholders that will be paid on Wednesday October 4th, 2017. If you are reading this piece on another website, it was illegally copied and republished in violation of USA & worldwide copyright laws. The stock has "Mkt Perform" rating by Raymond James on Wednesday, November 18. With 10.26M avg volume, 3 days are for Hewlett Packard Enterprise Company (NYSE:HPE)'s short sellers to cover HPE's short positions. Gabelli has "Buy" rating and $29.0 target. BMO Capital Markets maintained it with "Hold" rating and $24 target in Thursday, March 30 report. The firm has "Hold" rating by Argus Research given on Tuesday, February 28.

The stock of Owens Corning (NYSE:OC) reached all time high today, Sep, 4 and still has $77.70 target or 5.00% above today's $74.00 share price. Of those transactions, there were 22,948 shares of HPE bought and 6.79 million shares sold.

The most recent open market insider trade was Automatic Sell of 194,834 shares on a day where the closing price was 17.68. Following the transaction, the executive vice president now directly owns 15,333 shares in the company, valued at $270,934.11. The information was declared in a transaction filed with the SEC which is available through this hyperlink.