Zacks: Analysts Expect Hewlett Packard Enterprise (NYSE:HPE) Will Announce Quarterly Sales of $6.83 Billion

Brokerages expect Hewlett Packard Enterprise (NYSE:HPEGet Rating) to report $6.83 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Hewlett Packard Enterprise’s earnings, with the lowest sales estimate coming in at $6.77 billion and the highest estimate coming in at $6.88 billion. Hewlett Packard Enterprise posted sales of $6.70 billion in the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Hewlett Packard Enterprise will report full year sales of $28.68 billion for the current fiscal year, with estimates ranging from $28.47 billion to $28.85 billion. For the next fiscal year, analysts expect that the business will post sales of $29.66 billion, with estimates ranging from $29.32 billion to $29.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last released its quarterly earnings data on Tuesday, March 1st. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.15. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.02 billion. Hewlett Packard Enterprise had a return on equity of 20.07% and a net margin of 13.32%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS.

A number of research firms recently issued reports on HPE. Morgan Stanley downgraded Hewlett Packard Enterprise from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Tuesday, April 12th. They noted that the move was a valuation call. Sanford C. Bernstein upgraded Hewlett Packard Enterprise from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, March 2nd. Citigroup raised their price target on Hewlett Packard Enterprise from $13.00 to $14.00 in a research note on Wednesday, March 2nd. JPMorgan Chase & Co. raised their price target on Hewlett Packard Enterprise from $18.00 to $20.00 in a research note on Thursday, January 20th. Finally, Zacks Investment Research cut Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Tuesday, February 1st. Four analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has a consensus rating of “Hold” and an average target price of $17.64.

NYSE:HPE opened at $15.69 on Friday. The stock’s 50 day moving average price is $16.23 and its 200 day moving average price is $16.00. The company has a market capitalization of $20.40 billion, a PE ratio of 5.64, a P/E/G ratio of 1.91 and a beta of 1.15. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. Hewlett Packard Enterprise has a 52-week low of $12.99 and a 52-week high of $17.76.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 11th were issued a $0.12 dividend. The ex-dividend date was Thursday, March 10th. This represents a $0.48 annualized dividend and a dividend yield of 3.06%. Hewlett Packard Enterprise’s dividend payout ratio is currently 17.27%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Great Lakes Advisors LLC acquired a new position in Hewlett Packard Enterprise during the first quarter worth $1,331,000. Balentine LLC raised its holdings in Hewlett Packard Enterprise by 265.0% during the first quarter. Balentine LLC now owns 65,749 shares of the technology company’s stock worth $1,099,000 after purchasing an additional 47,738 shares during the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in Hewlett Packard Enterprise by 3.5% during the first quarter. Smith Graham & Co. Investment Advisors LP now owns 327,152 shares of the technology company’s stock worth $5,467,000 after purchasing an additional 11,010 shares during the last quarter. BDO Wealth Advisors LLC raised its holdings in Hewlett Packard Enterprise by 161.9% during the first quarter. BDO Wealth Advisors LLC now owns 2,912 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,800 shares during the last quarter. Finally, AIA Group Ltd raised its holdings in Hewlett Packard Enterprise by 44.5% during the first quarter. AIA Group Ltd now owns 39,302 shares of the technology company’s stock worth $657,000 after purchasing an additional 12,110 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

About Hewlett Packard Enterprise (Get Rating)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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