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MarketScreener Homepage  >  Equities  >  Nyse  >  Hewlett Packard Enterprise    HPE

HEWLETT PACKARD ENTERPRISE (HPE)
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Hewlett Packard : HPE) Expected to Post Quarterly Sales of $7.91 Billion

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10/29/2018 | 03:34pm CET

Wall Street analysts forecast that Hewlett Packard Enterprise Co (NYSE:HPE) will announce $7.91 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Hewlett Packard Enterprises earnings, with the lowest sales estimate coming in at $7.75 billion and the highest estimate coming in at $8.09 billion. Hewlett Packard Enterprise posted sales of $7.66 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 20th.

On average, analysts expect that Hewlett Packard Enterprise will report full-year sales of $30.81 billion for the current financial year, with estimates ranging from $30.65 billion to $31.00 billion. For the next fiscal year, analysts forecast that the firm will post sales of $31.08 billion, with estimates ranging from $30.81 billion to $31.54 billion. Zacks sales averages are a mean average based on a survey of sell-side research analysts that follow Hewlett Packard Enterprise.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, August 28th. The technology company reported $0.44 EPS for the quarter, beating the Zacks consensus estimate of $0.37 by $0.07. The firm had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.67 billion. Hewlett Packard Enterprise had a net margin of 10.43% and a return on equity of 9.38%. The companys revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS.

A number of research analysts recently commented on HPE shares. Deutsche Bank increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a buy rating in a research report on Wednesday, August 29th. Oppenheimer set a $20.00 target price on shares of Hewlett Packard Enterprise and gave the company a buy rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a hold rating to a buy rating and set a $17.00 price target for the company in a research note on Monday, July 16th. UBS Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 26th. They set a hold rating and a $17.00 price target for the company. Finally, Maxim Group reiterated a hold rating and set a $18.00 price target on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. Hewlett Packard Enterprise presently has an average rating of Hold and a consensus price target of $17.65.

In other news, insider Keerti Melkote sold 87,113 shares of the firms stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $15.96, for a total value of $1,390,323.48. Following the completion of the sale, the insider now owns 102,283 shares in the company, valued at approximately $1,632,436.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Antonio F. Neri sold 36,556 shares of the firms stock in a transaction on Friday, August 17th. The stock was sold at an average price of $16.50, for a total transaction of $603,174.00. Following the completion of the sale, the insider now owns 170,721 shares of the companys stock, valued at approximately $2,816,896.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 685,704 shares of company stock valued at $11,342,061. 1.18% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. LS Investment Advisors LLC lifted its stake in shares of Hewlett Packard Enterprise by 4.4% in the 2nd quarter. LS Investment Advisors LLC now owns 83,966 shares of the technology companys stock worth $1,227,000 after acquiring an additional 3,569 shares during the period. Personal Resources Investment & Strategic Management Inc. lifted its stake in shares of Hewlett Packard Enterprise by 5.2% in the third quarter. Personal Resources Investment & Strategic Management Inc. now owns 80,005 shares of the technology companys stock valued at $1,267,000 after purchasing an additional 3,932 shares during the period. LPL Financial LLC lifted its stake in shares of Hewlett Packard Enterprise by 5.0% in the first quarter. LPL Financial LLC now owns 83,694 shares of the technology companys stock valued at $1,468,000 after purchasing an additional 3,959 shares during the period. Xact Kapitalforvaltning AB lifted its stake in shares of Hewlett Packard Enterprise by 1.3% in the second quarter. Xact Kapitalforvaltning AB now owns 304,835 shares of the technology companys stock valued at $4,454,000 after purchasing an additional 3,967 shares during the period. Finally, Dupont Capital Management Corp lifted its stake in shares of Hewlett Packard Enterprise by 44.0% in the second quarter. Dupont Capital Management Corp now owns 14,469 shares of the technology companys stock valued at $211,000 after purchasing an additional 4,419 shares during the period. Institutional investors own 82.92% of the companys stock.

(c) 2018 Daily Independent. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 30 728 M
EBIT 2018 2 748 M
Net income 2018 2 976 M
Debt 2018 6 326 M
Yield 2018 2,53%
P/E ratio 2018 7,86
P/E ratio 2019 15,77
EV / Sales 2018 0,93x
EV / Sales 2019 0,96x
Capitalization 22 369 M
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Hewlett Packard Enterprise Technical Analysis Chart | MarketScreener
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Technical analysis trends HEWLETT PACKARD ENTERPRISE
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 18,7 $
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Antonio Fabio Neri President, Chief Executive Officer & Director
Patricia Fiorello Russo Chairman
Tarek A. Robbiati Chief Financial Officer & Executive Vice President
Margaret C. Whitman Director
Daniel Ammann Independent Director
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