Equities analysts predict that Hewlett Packard Enterprise Co (NYSE:HPE) will post sales of $7.34 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hewlett Packard Enterprise’s earnings. The highest sales estimate is $7.45 billion and the lowest is $7.23 billion. Hewlett Packard Enterprise posted sales of $7.76 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 5.4%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, August 27th.

According to Zacks, analysts expect that Hewlett Packard Enterprise will report full year sales of $29.75 billion for the current year, with estimates ranging from $29.39 billion to $29.93 billion. For the next year, analysts anticipate that the company will post sales of $30.11 billion, with estimates ranging from $29.73 billion to $30.78 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 announced its earnings results on Thursday, May 23rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.06. Hewlett Packard Enterprise had a net margin of 0.95% and a return on equity of 12.32%. The firm had revenue of $7.15 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue was down 4.3% compared to the same quarter last year.

Several equities analysts have weighed in on HPE shares. ValuEngine lowered Hewlett Packard Enterprise from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Longbow Research assumed coverage on shares of Hewlett Packard Enterprise in a research report on Friday, June 21st. They issued a “neutral” rating and a $15.00 price objective for the company. Maxim Group set a $17.00 price objective on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, May 22nd. Finally, Evercore ISI assumed coverage on shares of Hewlett Packard Enterprise in a research report on Wednesday, June 5th. They issued an “underperform” rating and a $14.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.33.

Shares of NYSE HPE traded up $0.13 on Friday, hitting $13.07. The company had a trading volume of 6,520,885 shares, compared to its average volume of 10,040,567. Hewlett Packard Enterprise has a 12-month low of $12.09 and a 12-month high of $17.59. The business has a 50 day moving average of $14.17 and a two-hundred day moving average of $15.12. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $17.55 billion, a P/E ratio of 8.38, a PEG ratio of 1.23 and a beta of 1.58.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, September 10th. Hewlett Packard Enterprise’s payout ratio is 28.85%.

In related news, insider Irv Rothman sold 84,629 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip Davis sold 16,412 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $14.33, for a total transaction of $235,183.96. The disclosure for this sale can be found here. Insiders have sold a total of 111,129 shares of company stock valued at $1,558,212 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Intact Investment Management Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $2,243,000. Truewealth LLC raised its holdings in shares of Hewlett Packard Enterprise by 72.7% in the 2nd quarter. Truewealth LLC now owns 2,376 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of 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 valued at $4,779,000 after purchasing an additional 3,893 shares during the period. Ballentine Partners LLC bought a new stake in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $428,000. Finally, GAM Holding AG bought a new stake in shares of Hewlett Packard Enterprise in the 1st quarter valued at about $659,000. Institutional investors own 79.23% of the company’s stock.

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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