Brokerages expect Hewlett Packard Enterprise Co (NYSE:HPE) to report $7.58 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hewlett Packard Enterprise’s earnings, with the lowest sales estimate coming in at $7.44 billion and the highest estimate coming in at $7.77 billion. Hewlett Packard Enterprise reported sales of $7.95 billion in the same quarter last year, which indicates a negative year over year growth rate of 4.7%. The business is expected to report its next earnings report on Tuesday, December 3rd.

On average, analysts expect that Hewlett Packard Enterprise will report full-year sales of $29.45 billion for the current year, with estimates ranging from $29.21 billion to $29.90 billion. For the next fiscal year, analysts forecast that the firm will report sales of $29.43 billion, with estimates ranging from $28.97 billion to $29.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, August 27th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. The business had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.29 billion. Hewlett Packard Enterprise had a negative net margin of 0.63% and a positive return on equity of 12.92%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS.

HPE has been the topic of a number of research analyst reports. Loop Capital reduced their price objective on shares of Hewlett Packard Enterprise to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Daiwa Capital Markets set a $14.00 price objective on shares of Hewlett Packard Enterprise and gave the company a “hold” rating in a research report on Thursday, August 29th. Longbow Research initiated coverage on shares of Hewlett Packard Enterprise in a research report on Friday, June 21st. They set a “neutral” rating and a $15.00 price objective on the stock. ValuEngine downgraded shares of Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, TheStreet downgraded shares of Hewlett Packard Enterprise from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.73.

Hewlett Packard Enterprise stock traded down $0.01 during mid-day trading on Monday, reaching $15.36. 8,500,200 shares of the company traded hands, compared to its average volume of 10,136,382. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.88 and a quick ratio of 0.75. The firm’s 50 day moving average price is $13.66 and its 200 day moving average price is $14.88. The firm has a market capitalization of $20.05 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.30 and a beta of 1.59. Hewlett Packard Enterprise has a 52-week low of $12.09 and a 52-week high of $17.27.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, September 10th. Hewlett Packard Enterprise’s dividend payout ratio is presently 28.85%.

In other news, insider Philip Davis sold 10,088 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $14.96, for a total value of $150,916.48. Following the sale, the insider now directly owns 15,423 shares of the company’s stock, valued at approximately $230,728.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $428,000. Intact Investment Management Inc. bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $2,243,000. Truewealth LLC boosted its stake in Hewlett Packard Enterprise by 72.7% in the 2nd quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Hewlett Packard Enterprise by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 309,693 shares of the technology company’s stock worth $4,779,000 after purchasing an additional 3,893 shares in the last quarter. Finally, Bogle Investment Management L P DE bought a new position in Hewlett Packard Enterprise in the 2nd quarter worth about $1,966,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Hewlett Packard Enterprise Company Profile

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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