Analysts forecast that Hewlett Packard Enterprise (NYSE:HPE) will report $7.67 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Hewlett Packard Enterprise’s earnings. The highest sales estimate is $7.77 billion and the lowest is $7.41 billion. Hewlett Packard Enterprise posted sales of $8.21 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.6%. The business is expected to report its next quarterly earnings report on Tuesday, September 4th.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year sales of $30.72 billion for the current financial year, with estimates ranging from $30.14 billion to $31.13 billion. For the next year, analysts anticipate that the firm will post sales of $31.08 billion per share, with estimates ranging from $30.32 billion to $31.65 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Tuesday, May 22nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Hewlett Packard Enterprise had a net margin of 9.36% and a return on equity of 8.25%. The firm had revenue of $7.47 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter last year, the company posted $0.35 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year.

Several research analysts recently issued reports on the stock. Pivotal Research reissued a “hold” rating and set a $20.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday. Wells Fargo & Co reaffirmed a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday. BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Hewlett Packard Enterprise in a report on Tuesday. Deutsche Bank lifted their price objective on shares of Hewlett Packard Enterprise from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, OTR Global cut shares of Hewlett Packard Enterprise to a “positive” rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.68.

Shares of Hewlett Packard Enterprise stock traded down $0.24 during trading on Friday, hitting $15.52. 13,927,621 shares of the company’s stock were exchanged, compared to its average volume of 12,766,714. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.04 and a quick ratio of 0.93. Hewlett Packard Enterprise has a 52-week low of $12.69 and a 52-week high of $19.48. The stock has a market cap of $24.41 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.25 and a beta of 1.87.

Hewlett Packard Enterprise announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 22nd that authorizes the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 4th. Stockholders of record on Wednesday, June 13th will be given a $0.1125 dividend. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $0.45 annualized dividend and a dividend yield of 2.90%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 31.25%.

In related news, insider Keerti Melkote sold 87,113 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $18.87, for a total transaction of $1,643,822.31. Following the transaction, the insider now directly owns 87,113 shares in the company, valued at $1,643,822.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip Davis sold 16,405 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $18.51, for a total transaction of $303,656.55. Following the transaction, the insider now owns 5,665 shares in the company, valued at $104,859.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,093,124 shares of company stock worth $142,861,491. Company insiders own 1.18% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HPE. Bank of Montreal Can boosted its position in Hewlett Packard Enterprise by 23.4% during the fourth quarter. Bank of Montreal Can now owns 1,015,577 shares of the technology company’s stock worth $14,584,000 after acquiring an additional 192,576 shares during the last quarter. National Pension Service boosted its position in Hewlett Packard Enterprise by 12.5% during the fourth quarter. National Pension Service now owns 1,721,699 shares of the technology company’s stock worth $24,724,000 after acquiring an additional 191,290 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Hewlett Packard Enterprise by 1.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 6,218,218 shares of the technology company’s stock worth $89,294,000 after acquiring an additional 106,306 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth about $302,000. Finally, State of Alaska Department of Revenue boosted its position in Hewlett Packard Enterprise by 207.1% during the fourth quarter. State of Alaska Department of Revenue now owns 178,339 shares of the technology company’s stock worth $2,560,000 after acquiring an additional 120,265 shares during the last quarter. Hedge funds and other institutional investors own 78.74% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides technology solutions to business and public sector enterprises. It operates through Enterprise Group, Financial Services, and Corporate Investments segments. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, and StoreVirtual products, as well as traditional storage solutions, such as tape, storage networking, and legacy external disk products for enterprise and small- and medium-size business; software-defined switches, routers, wireless local area network equipment, network virtualization equipment, security software, location-based services, and network management products; and data center care, proactive care, and technology consulting services, as well as Aruba Services, and communications and media solutions.

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

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