Zacks: Analysts Anticipate Hewlett Packard Enterprise (NYSE:HPE) Will Announce Quarterly Sales of $7.40 Billion

Analysts predict that Hewlett Packard Enterprise (NYSE:HPE) will report $7.40 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Hewlett Packard Enterprise’s earnings, with estimates ranging from $7.35 billion to $7.46 billion. Hewlett Packard Enterprise reported sales of $7.21 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The business is scheduled to issue its next earnings results on Tuesday, December 7th.

On average, analysts expect that Hewlett Packard Enterprise will report full year sales of $27.83 billion for the current year, with estimates ranging from $27.78 billion to $27.89 billion. For the next fiscal year, analysts expect that the firm will report sales of $28.47 billion, with estimates ranging from $28.22 billion to $28.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Wednesday, September 1st. The technology company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Hewlett Packard Enterprise had a net margin of 3.73% and a return on equity of 8.24%. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year.

HPE has been the topic of a number of research analyst reports. Evercore ISI raised shares of Hewlett Packard Enterprise from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $16.00 to $20.00 in a report on Sunday, July 25th. Raymond James raised their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, September 3rd. Credit Suisse Group raised their target price on shares of Hewlett Packard Enterprise from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Wednesday, June 2nd. Loop Capital raised their target price on shares of Hewlett Packard Enterprise from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, June 2nd. They noted that the move was a valuation call. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $18.00 target price on shares of Hewlett Packard Enterprise in a research note on Friday, July 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Buy” and an average target price of $16.62.

In other Hewlett Packard Enterprise news, SVP Thomas E. Black, Jr. sold 16,512 shares of Hewlett Packard Enterprise stock in a transaction on Friday, September 10th. The shares were sold at an average price of $14.55, for a total transaction of $240,249.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Irv Rothman sold 10,000 shares of Hewlett Packard Enterprise stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $14.96, for a total transaction of $149,600.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Concord Wealth Partners acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter worth $25,000. Zions Bancorporation N.A. lifted its holdings in shares of Hewlett Packard Enterprise by 95.8% during the first quarter. Zions Bancorporation N.A. now owns 1,723 shares of the technology company’s stock worth $27,000 after buying an additional 843 shares in the last quarter. Elmwood Wealth Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter worth $28,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the second quarter worth $29,000. Finally, Berman Capital Advisors LLC lifted its holdings in shares of Hewlett Packard Enterprise by 823.9% during the first quarter. Berman Capital Advisors LLC now owns 2,088 shares of the technology company’s stock worth $32,000 after buying an additional 1,862 shares in the last quarter. 82.02% of the stock is owned by hedge funds and other institutional investors.

NYSE:HPE traded up $0.06 during mid-day trading on Friday, reaching $13.81. 548,561 shares of the company were exchanged, compared to its average volume of 9,955,042. Hewlett Packard Enterprise has a 12 month low of $8.28 and a 12 month high of $16.74. The company has a fifty day moving average of $14.64 and a 200 day moving average of $15.26. The company has a quick ratio of 0.75, a current ratio of 0.95 and a debt-to-equity ratio of 0.73. The stock has a market cap of $18.06 billion, a PE ratio of 17.86, a PEG ratio of 2.11 and a beta of 1.21.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 6th. Investors of record on Monday, September 13th will be paid a $0.12 dividend. The ex-dividend date is Friday, September 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.48%. Hewlett Packard Enterprise’s dividend payout ratio is presently 35.56%.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Co engages in the provision of information technology, technology and enterprise products, solutions and services. It operates through the following segments: Hybrid IT, Intelligent Edge, Financial Services and Corporate Investments. The Hybrid IT segment provides a portfolio of services-led and software-enabled infrastructure and solutions.

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Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

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