Analysts expect Hewlett Packard Enterprise Company (NYSE:HPE) to post sales of $7.70 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Hewlett Packard Enterprise’s earnings, with estimates ranging from $7.50 billion to $7.94 billion. Hewlett Packard Enterprise reported sales of $12.48 billion in the same quarter last year, which would suggest a negative year over year growth rate of 38.3%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 28th.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full-year sales of $7.70 billion for the current financial year, with estimates ranging from $34.56 billion to $37.35 billion. For the next financial year, analysts forecast that the firm will report sales of $29.42 billion per share, with estimates ranging from $28.64 billion to $31.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a return on equity of 9.04% and a net margin of 0.29%. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the business posted $0.49 earnings per share. Hewlett Packard Enterprise’s quarterly revenue was up 2.5% on a year-over-year basis.

Several equities analysts have recently commented on the stock. Deutsche Bank AG lowered their price objective on shares of Hewlett Packard Enterprise from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $15.00 price objective (down from $20.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. BidaskClub downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. ValuEngine raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.79.

Shares of Hewlett Packard Enterprise (NYSE HPE) traded up 0.75% during mid-day trading on Wednesday, reaching $14.80. The company’s stock had a trading volume of 7,636,527 shares. The firm has a market cap of $23.97 billion, a price-to-earnings ratio of 205.56 and a beta of 2.71. Hewlett Packard Enterprise has a 12 month low of $12.26 and a 12 month high of $15.12. The company’s 50-day moving average is $13.88 and its 200 day moving average is $13.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, September 12th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 371.48%.

In other news, EVP Christopher P. Hsu sold 15,333 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $17.67, for a total transaction of $270,934.11. Following the sale, the executive vice president now owns 15,333 shares in the company, valued at $270,934.11. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Henry Gomez sold 494,360 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $14.87, for a total transaction of $7,351,133.20. Following the sale, the executive vice president now owns 494,360 shares in the company, valued at approximately $7,351,133.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,255,362 shares of company stock worth $66,291,207. Corporate insiders own 0.87% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Dodge & Cox grew its holdings in shares of Hewlett Packard Enterprise by 12.2% during the second quarter. Dodge & Cox now owns 238,615,401 shares of the technology company’s stock valued at $3,958,630,000 after buying an additional 25,852,541 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Hewlett Packard Enterprise by 1.4% during the second quarter. Vanguard Group Inc. now owns 110,856,810 shares of the technology company’s stock valued at $1,839,114,000 after buying an additional 1,508,612 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Hewlett Packard Enterprise by 2,713.7% during the first quarter. BlackRock Inc. now owns 99,450,412 shares of the technology company’s stock valued at $2,356,975,000 after buying an additional 95,915,907 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Hewlett Packard Enterprise by 32.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 67,334,620 shares of the technology company’s stock valued at $1,117,081,000 after buying an additional 16,592,308 shares during the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of Hewlett Packard Enterprise by 9.6% during the first quarter. Primecap Management Co. CA now owns 61,397,295 shares of the technology company’s stock valued at $1,455,116,000 after buying an additional 5,394,147 shares during the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.

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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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