$7.03 Billion in Sales Expected for Hewlett Packard Enterprise Company (HPE) This Quarter
Brokerages expect Hewlett Packard Enterprise Company (NYSE:HPE) to post sales of $7.03 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Hewlett Packard Enterprise’s earnings. The lowest sales estimate is $6.81 billion and the highest is $7.24 billion. Hewlett Packard Enterprise posted sales of $11.41 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.4%. The company is scheduled to issue its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Hewlett Packard Enterprise will report full-year sales of $7.03 billion for the current financial year, with estimates ranging from $28.58 billion to $29.37 billion. For the next fiscal year, analysts expect that the firm will post sales of $29.36 billion per share, with estimates ranging from $28.57 billion to $30.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Hewlett Packard Enterprise.
Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.78 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year.
Shares of Hewlett Packard Enterprise (HPE) traded up $0.09 during trading on Thursday, reaching $14.70. 7,907,200 shares of the company’s stock traded hands, compared to its average volume of 7,531,400. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.01. The company has a market capitalization of $23,530.00 and a PE ratio of 58.80. Hewlett Packard Enterprise has a 1 year low of $12.81 and a 1 year high of $24.88.
Hewlett Packard Enterprise declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were paid a $0.075 dividend. The ex-dividend date was Tuesday, December 12th. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.04%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 120.00%.
In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 235,050 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $13.81, for a total value of $3,246,040.50. Following the transaction, the chief executive officer now directly owns 980,346 shares of the company’s stock, valued at $13,538,578.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Henry Gomez sold 119,515 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $14.87, for a total transaction of $1,777,188.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 693,409 shares of company stock worth $9,755,481. Insiders own 0.87% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC raised its holdings in Hewlett Packard Enterprise by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock worth $108,000 after purchasing an additional 200 shares during the period. Westside Investment Management Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% in the second quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock worth $292,000 after purchasing an additional 250 shares during the period. Meridian Investment Counsel Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% in the second quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock worth $391,000 after purchasing an additional 350 shares during the period. Bradley Foster & Sargent Inc. CT raised its holdings in Hewlett Packard Enterprise by 2.9% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 17,714 shares of the technology company’s stock worth $294,000 after purchasing an additional 500 shares during the period. Finally, Eaton Vance Management raised its holdings in Hewlett Packard Enterprise by 0.5% in the second quarter. Eaton Vance Management now owns 119,482 shares of the technology company’s stock worth $1,982,000 after purchasing an additional 586 shares during the period. Institutional investors own 83.43% 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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