Equities analysts predict that Hewlett Packard Enterprise Co (NYSE:HPE) will post $7.33 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hewlett Packard Enterprise’s earnings. The lowest sales estimate is $7.22 billion and the highest is $7.63 billion. Hewlett Packard Enterprise reported sales of $7.55 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The business is scheduled to issue its next earnings results on Thursday, February 20th.
On average, analysts expect that Hewlett Packard Enterprise will report full year sales of $29.19 billion for the current financial year, with estimates ranging from $28.84 billion to $29.47 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $29.51 billion, with estimates ranging from $29.10 billion to $29.86 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Hewlett Packard Enterprise.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Monday, November 25th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Hewlett Packard Enterprise had a net margin of 3.60% and a return on equity of 13.55%. The company had revenue of $7.22 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year.
HPE has been the subject of several research analyst reports. UBS Group reduced their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday, October 16th. Bank of America raised shares of Hewlett Packard Enterprise from an “underperform” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Monday, October 21st. Deutsche Bank initiated coverage on shares of Hewlett Packard Enterprise in a research report on Thursday, December 12th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, TheStreet upgraded shares of Hewlett Packard Enterprise from a “c” rating to a “b-” rating in a research report on Monday, November 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.75.
HPE stock opened at $15.16 on Friday. The company has a market capitalization of $19.26 billion, a P/E ratio of 19.69, a PEG ratio of 1.20 and a beta of 1.55. The company has a 50-day simple moving average of $15.71 and a 200 day simple moving average of $15.13. Hewlett Packard Enterprise has a fifty-two week low of $12.52 and a fifty-two week high of $17.59. The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.55.
In other news, insider Keerti Melkote sold 66,130 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.97, for a total value of $1,056,096.10. Following the transaction, the insider now owns 85,128 shares in the company, valued at approximately $1,359,494.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeff T. Ricci sold 20,457 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $17.01, for a total value of $347,973.57. Following the completion of the transaction, the senior vice president now owns 20,457 shares in the company, valued at approximately $347,973.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,737 shares of company stock worth $1,880,320. Corporate insiders own 0.56% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new position in shares of Hewlett Packard Enterprise in the 4th quarter valued at about $192,000. Meyer Handelman Co. grew its stake in shares of Hewlett Packard Enterprise by 0.7% in the 4th quarter. Meyer Handelman Co. now owns 273,514 shares of the technology company’s stock valued at $4,338,000 after buying an additional 2,000 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Hewlett Packard Enterprise by 27.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,807 shares of the technology company’s stock valued at $1,028,000 after buying an additional 14,049 shares in the last quarter. Balasa Dinverno & Foltz LLC grew its stake in shares of Hewlett Packard Enterprise by 1.3% in the 4th quarter. Balasa Dinverno & Foltz LLC now owns 86,277 shares of the technology company’s stock valued at $1,368,000 after buying an additional 1,079 shares in the last quarter. Finally, NEXT Financial Group Inc grew its stake in shares of Hewlett Packard Enterprise by 57.1% in the 4th quarter. NEXT Financial Group Inc now owns 3,374 shares of the technology company’s stock valued at $54,000 after buying an additional 1,226 shares in the last quarter. Institutional investors own 82.61% 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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