HP Inc forecasts adjusted profit largely below estimates

Oppenheimer Holdings Inc. set a $25.00 price objective on Hewlett Packard Enterprise and gave the company a buy rating in a research note on Monday, November 14th.

FT reports, The 20 analysts offering 12 month price targets for Medtronic PLC have a median target of 85.00, with a high estimate of 102.00 and a low estimate of 80.00.

10/19/2016 – Hewlett Packard Enterprise Co had its “buy” rating reiterated by analysts at UBS.

Hewlett Packard Enterprise Co (HPE) gained 1% or 23 cents to $23.10 after the technology solutions provider said revenues in the fourth-quarter ending in October plummeted 7% from a year ago to $12.5 billion.

10/19/2016 – Hewlett Packard Enterprise Co had its “buy” rating reiterated by analysts at Needham & Company. Its Target Price was fixed at 23.25 at an IPO Date of 10/19/2015. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

Following significant strategic changes in FY 2016, Hewlett Packard Enterprise (NYSE:HPE) has set solid footholds to thrive in a changing market environment. The company reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61.

Still, printing revenue declined 8.2 percent to $4.6 billion, compared with a decline of 14 percent in the previous quarter.

Hewlett Packard Enterprise Company recently traded 4.81% above its 50-day simple moving average and went up 22.98% from its 200-day simple moving average.

For the first fiscal quarter, HP expects an adjusted profit of 35 cents to 38 cents per share, below analysts’ estimate of 39 cents per share. The company reached its 52-Week high of $7.49 on Mar 4, 2016 and 52-Week low of $1.57 on Feb 11, 2016. This is low, considering that analysts had expected profit of 46 cents per share on an average, according to Thomson Reuters I/B/E/S.

HPE was down 1.40% to $22.55 in after-hours trading shortly after its earnings report was released.

To fund the deal the United Kingdom company will pay $2.5bn in cash and issue $6.3bn of stock to the owners of Hewlett Packard Enterprise (HPE), which was spun out of its more famous hardware parent in October 2015, so that once the deal is complete, the U.S. corporation’s shareholders will own 50.1% of the enlarged entity. However the company observed 52 week high price on 11/18/16 and witnessed 52 week low price on 01/20/16.

Hewlett Packard Enterprise Company (NYSE:HPE) Diversified Computer Systems has a Current Ratio of 1.5 with a Quick Ratio value of 1.4. On average, analysts forecast that Hewlett Packard Enterprise will post $2.06 EPS for the current fiscal year. The investment firm sold 828,495 shares of HPE which is valued $19,146,519.Advisor Partners boosted its stake in HPE in the latest quarter, The investment management firm added 1,165 additional shares and now holds a total of 30,417 shares of Hewlett Packard Enterprise Co which is valued at $669,782. The Company sells to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The $23 average target is -2.13% below today’s ($23.5) stock price. The number of times the company missed analysts’ estimates is 5. Additionally, Hewlett Packard has announced plans for an $8.8 billion deal and merge most of its software operations with Britain’s Micro Focus International PLC. Corporate insiders own 0.57% of the company’s stock.