Hewlett Packard Enterprise Co (NYSE:HPE) Expected to Announce Quarterly Sales of $7.51 Billion

Equities analysts expect that Hewlett Packard Enterprise Co (NYSE:HPE) will post $7.51 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Hewlett Packard Enterprise’s earnings. The lowest sales estimate is $7.23 billion and the highest is $7.95 billion. Hewlett Packard Enterprise reported sales of $7.76 billion in the same quarter last year, which indicates a negative year over year growth rate of 3.2%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 27th.

On average, analysts expect that Hewlett Packard Enterprise will report full-year sales of $29.98 billion for the current year, with estimates ranging from $29.39 billion to $30.93 billion. For the next year, analysts forecast that the firm will post sales of $30.36 billion, with estimates ranging from $29.73 billion to $31.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $7.38 billion. Hewlett Packard Enterprise had a return on equity of 12.32% and a net margin of 0.95%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share.

HPE has been the subject of a number of research reports. Nomura decreased their price objective on Hewlett Packard Enterprise from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Longbow Research initiated coverage on Hewlett Packard Enterprise in a report on Friday, June 21st. They issued a “neutral” rating and a $15.00 price objective for the company. Evercore ISI initiated coverage on Hewlett Packard Enterprise in a report on Wednesday, June 5th. They issued an “underperform” rating and a $14.00 price objective for the company. Credit Suisse Group initiated coverage on Hewlett Packard Enterprise in a report on Thursday, April 11th. They issued an “underperform” rating and a $14.00 price objective for the company. Finally, Zacks Investment Research upgraded Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, May 22nd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.50.

Shares of Hewlett Packard Enterprise stock traded down $0.24 during midday trading on Friday, reaching $14.37. 5,319,115 shares of the company’s stock traded hands, compared to its average volume of 7,497,015. The company’s 50 day moving average is $14.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 0.93. The company has a market capitalization of $19.59 billion, a P/E ratio of 9.21, a PEG ratio of 1.35 and a beta of 1.59. Hewlett Packard Enterprise has a 12 month low of $12.09 and a 12 month high of $17.59.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.112 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.12%. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.

In related news, insider Philip Davis sold 10,088 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $14.96, for a total transaction of $150,916.48. Following the sale, the insider now directly owns 15,423 shares of the company’s stock, valued at $230,728.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Irv Rothman sold 84,629 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $13.85, for a total value of $1,172,111.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,129 shares of company stock worth $1,558,212. Insiders own 0.56% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HPE. Cerebellum GP LLC bought a new position in shares of Hewlett Packard Enterprise in the first quarter worth about $25,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Hewlett Packard Enterprise by 367.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 2,136 shares of the technology company’s stock worth $32,000 after buying an additional 1,679 shares during the last quarter. Liberty Wealth Management LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter worth about $34,000. Truewealth LLC boosted its stake in shares of Hewlett Packard Enterprise by 72.7% in the second quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Finally, Thor Advisors LLC purchased a new stake in shares of Hewlett Packard Enterprise in the first quarter worth about $37,000. 81.80% of the stock is currently owned by institutional investors.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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

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