Hewlett-Packard (HPQ) Expected to Post Quarterly Sales of $13.59 Billion
- Author: Terrell Bush May 02, 2018,
May 02, 2018, 0:56
The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.22 by $0.12.
Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Thursday, February 22nd.
Hewlett Packard Enterprise Company (NYSE:HPE) displayed a change of -1.73% in final minutes of Monday's trading session after which it closed the day' session at $17.05. For the next year, analysts forecast that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.27 to $1.65.
Zacks Investment Research lowered shares of Hewlett Packard Enterprise (NYSE:HPE) from a buy rating to a hold rating in a report published on Tuesday, April 3rd. Besides, the current average true range is projected at 0.39, and the investors will hopefully measure the share price accurately with its help. Hewlett Packard Enterprise Company's 20-Day Simple Moving Average is -1.46%. The company had revenue of $14.52 billion during the quarter, compared to analyst estimates of $13.47 billion. During the same quarter a year ago, the firm earned $0.38 EPS. Hewlett Packard Enterprise's quarterly revenue was down 3.9% compared to the same quarter a year ago.
Several research firms recently weighed in on HPE. They issued a neutral rating and a $21.00 target price for the company. They issued a neutral rating and a $16.00 target price for the company. The consensus recommendation is the average rating on a stock by the analyst community. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company. Hewlett-Packard presently has an average rating of "Buy" and a consensus price target of $23.94.
In other Hewlett Packard Enterprise news, Director Margaret C. Whitman sold 674,000 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $23.31, for a total transaction of $7,060,435.83. Express Scripts Holding Company (ESRX) negotiated 3,628,203 shares and maintained an average volume of 5.15M shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
DLTR's shares were trading -17.80% below from the 52-week high price and 46.11% above from the 52-week price bottom. Following the sale, the insider now owns 88,901 shares of the company's stock, valued at approximately $2,072,282.31. The disclosure for this sale can be found here.
When we look at the Analyst Recommendations of the stock, the company has 2.58 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.
The net percent change held by Institutional Investors has seen a change of -0.44% in last three month period. Guggenheim Capital LLC now owns 5,953,943 shares of the technology company's stock valued at $85,497,000 after acquiring an additional 710,629 shares during the period. Victory Capital Management Inc. now owns 13,164,978 shares of the technology company's stock valued at $189,050,000 after acquiring an additional 998,236 shares during the period. MCF Advisors LLC increased its stake in shares of Hewlett Packard Enterprise by 79.7% in the second quarter. The volume of the company in the last trading session was 12.4 Million. Finally, Investors Research Corp acquired a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $239,000.
Investors are constantly examining different financial indicators for potential stocks to own in order to assess trading opportunities. At the time of writing, shares were trading 4.27% away from the 20-days simple moving average and 0.61% away from the 200-days simple moving average.
Market Capitalization/Outstanding Shares/Intraday Volume: The company's Market capitalization is $830.36B with the total Outstanding Shares of 5.12B. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Hewlett Packard Enterprise Company stock price is now projected at $17.05, while the sales volume stands at 12,473,413. For the next financial year, analysts expect that the business will report sales of $56.78 billion per share, with estimates ranging from $54.02 billion to $59.29 billion. The company's earnings will usually have a direct relationship to the price of the company's stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 4th. Shareholders of record on Wednesday, June 13th will be issued a dividend of $0.1125 per share. The ex-dividend date was Tuesday, March 13th. This represents a $0.45 annualized dividend and a dividend yield of 2.59%. Hewlett-Packard's payout ratio is now 33.94%. The Enterprise Group segment offers industry standard servers and mission-critical servers to address the array of its customers' computing needs; converged storage solutions, including 3PAR StoreServ, StoreOnce, all-flash arrays, and software defined and StoreVirtual products; wireless local area network equipment, mobility and security software, switches, routers, and network management products; and support and technology consulting services. It operates through Enterprise Group, Software, Enterprise Services, and Financial Services divisions.