Hewlett Packard Enterprise Company (HPE) Expected to Post Quarterly Sales of $7.71 Billion

Wall Street analysts predict that Hewlett Packard Enterprise Company (NYSE:HPE) will post sales of $7.71 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hewlett Packard Enterprise’s earnings, with the highest sales estimate coming in at $7.94 billion and the lowest estimate coming in at $7.50 billion. Hewlett Packard Enterprise posted sales of $12.48 billion in the same quarter last year, which indicates a negative year over year growth rate of 38.2%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, November 21st.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full-year sales of $7.71 billion for the current financial year, with estimates ranging from $34.56 billion to $37.35 billion. For the next financial year, analysts expect that the company will report sales of $29.11 billion per share, with estimates ranging from $28.46 billion to $30.50 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, September 5th. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. Hewlett Packard Enterprise’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share.

Several research analysts recently commented on the company. Maxim Group reaffirmed a “hold” rating and issued a $14.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 6th. Royal Bank Of Canada reduced their target price on Hewlett Packard Enterprise from $20.00 to $15.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, September 6th. ValuEngine raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS AG reissued a “buy” rating and set a $16.00 price objective (down from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, September 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.79.

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Hewlett Packard Enterprise (HPE) opened at $13.70 on Friday. The company has a market capitalization of $22,219.05, a price-to-earnings ratio of 8.47, a P/E/G ratio of 1.77 and a beta of 2.59. Hewlett Packard Enterprise has a 12-month low of $12.97 and a 12-month high of $24.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.27 and a quick ratio of 1.15.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 371.48%.

Hewlett Packard Enterprise announced that its Board of Directors has approved a share buyback program on Wednesday, October 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, EVP Henry Gomez sold 55,200 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $13.53, for a total transaction of $746,856.00. Following the completion of the transaction, the executive vice president now directly owns 45,004 shares in the company, valued at approximately $608,904.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $17.64, for a total value of $6,873,743.52. Following the transaction, the chief executive officer now owns 962,433 shares of the company’s stock, valued at $16,977,318.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,309,941 shares of company stock valued at $48,162,528. Corporate insiders own 0.87% of the company’s stock.

Several institutional investors have recently bought and sold shares of HPE. WFG Advisors LP grew its position in shares of Hewlett Packard Enterprise by 15.3% during the 2nd quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock worth $100,000 after buying an additional 801 shares during the period. Archford Capital Strategies LLC grew its position in shares of Hewlett Packard Enterprise by 6,858.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock worth $101,000 after buying an additional 7,476 shares during the period. YorkBridge Wealth Partners LLC grew its position in shares of Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after buying an additional 200 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Hewlett Packard Enterprise by 4.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after buying an additional 266 shares during the period. Finally, Harfst & Associates Inc. grew its position in shares of Hewlett Packard Enterprise by 42.5% during the 2nd quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock worth $127,000 after buying an additional 2,287 shares during the period. Institutional investors own 81.34% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

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

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