Wall Street analysts forecast that Hewlett Packard Enterprise Company (NYSE:HPE) will report $7.71 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Hewlett Packard Enterprise’s earnings, with the highest sales estimate coming in at $7.94 billion and the lowest estimate coming in at $7.50 billion. Hewlett Packard Enterprise posted sales of $12.48 billion during the same quarter last year, which would indicate a negative year over year growth rate of 38.2%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, November 21st.

On average, analysts expect that Hewlett Packard Enterprise will report full year sales of $7.71 billion for the current fiscal year, with estimates ranging from $34.56 billion to $37.35 billion. For the next financial year, analysts expect that the business will post sales of $29.11 billion per share, with estimates ranging from $28.46 billion to $30.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for 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 company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis.

A number of research analysts recently weighed in on HPE shares. Barclays PLC reaffirmed a “sell” rating and set a $14.00 price objective on shares of Hewlett Packard Enterprise in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 price objective on shares of Hewlett Packard Enterprise in a research report on Wednesday, October 11th. BidaskClub lowered Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Loop Capital assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 target price for the company. Finally, KeyCorp reissued a “hold” rating on shares of Hewlett Packard Enterprise in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.79.

Hewlett Packard Enterprise (NYSE:HPE) traded down $0.22 during mid-day trading on Friday, reaching $13.48. The company had a trading volume of 14,681,100 shares, compared to its average volume of 12,083,662. Hewlett Packard Enterprise has a one year low of $12.97 and a one year high of $24.88. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50. The company has a market cap of $22,186.66, a price-to-earnings ratio of 8.46, a PEG ratio of 1.76 and a beta of 2.59.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, December 12th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 2.23%. Hewlett Packard Enterprise’s payout ratio is 371.48%.

Hewlett Packard Enterprise declared that its board has authorized a stock buyback plan on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.watchlistnews.com/7-71-billion-in-sales-expected-for-hewlett-packard-enterprise-company-hpe-this-quarter/1703325.html.

In other news, CEO Margaret C. Whitman sold 389,668 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $17.64, for a total value of $6,873,743.52. Following the transaction, the chief executive officer now directly owns 962,433 shares in the company, valued at $16,977,318.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Margaret C. Whitman sold 249,023 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $13.67, for a total value of $3,404,144.41. Following the completion of the transaction, the chief executive officer now owns 1,016,622 shares in the company, valued at $13,897,222.74. The disclosure for this sale can be found here. Insiders have sold 3,309,941 shares of company stock worth $48,162,528 over the last quarter. 0.87% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. WFG Advisors LP lifted its position in shares of Hewlett Packard Enterprise by 15.3% in the second quarter. WFG Advisors LP now owns 6,043 shares of the technology company’s stock valued at $100,000 after acquiring an additional 801 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of 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 valued at $108,000 after acquiring an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Hewlett Packard Enterprise by 4.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock valued at $111,000 after acquiring an additional 266 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of Hewlett Packard Enterprise by 6,858.7% in the second quarter. Archford Capital Strategies LLC now owns 7,585 shares of the technology company’s stock valued at $101,000 after acquiring an additional 7,476 shares in the last quarter. Finally, Harfst & Associates Inc. lifted its position in shares of Hewlett Packard Enterprise by 42.5% in the second quarter. Harfst & Associates Inc. now owns 7,667 shares of the technology company’s stock valued at $127,000 after acquiring an additional 2,287 shares in the last quarter. Institutional investors and hedge funds own 81.96% of the company’s stock.

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).

Get a free copy of the Zacks research report on Hewlett Packard Enterprise (HPE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hewlett Packard Enterprise (NYSE:HPE)

Receive News & Ratings for Hewlett Packard Enterprise Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett Packard Enterprise Company and related companies with Analyst Ratings Network's FREE daily email newsletter.