In the last trading session, 1,010,000,000 shares of the Hewlett Packard Enterprise Company (NYSE:HPE) were traded, and its beta was 1.28. Most recently the company’s share price was $15.92, and it changed around $0.01 or 0% from the last close, which brings the market valuation of the company to $20.71 Billion. HPE currently trades at a discount to its 52-week high of $16.14, offering almost -1.38% off that amount. The share price’s 52-week low was $8.28, which indicates that the current value has risen by an impressive 47.99% since then. We note from Hewlett Packard Enterprise Company’s average daily trading volume that its 10-day average is 10.42 Million shares, with the 3-month average coming to 11.19 Million.
Hewlett Packard Enterprise Company stock received a consensus recommendation rating of Hold, based on a mean score of 2.7. If we narrow it down even further, the data shows that 2 out of 20 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 11 recommended HPE as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight. Hewlett Packard Enterprise Company is expected to report earnings per share of $0.42 for the current quarter.
Hewlett Packard Enterprise Company (NYSE:HPE): Trading Information
Instantly HPE has showed a green trend with a performance of 0.06% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $16.02 on Monday, Apr 05 increased the stock’s daily price by 0.62%. The company’s shares are currently up 0.34% year-to-date, but still up 0.0166 over the last five days. On the other hand, Hewlett Packard Enterprise Company (NYSE:HPE) is 0.11% up in the 30-day period. We can see from the shorts that 34.68 Million shares have been sold at a short interest cover period of 3.1 day (s).
The consensus price target as assigned by Wall Street analysts is $15.79, which translates to bears needing to reduce their stock price by -0.82% from its current value. Analyst projections state that HPE is forecast to be at a low of $12 and a high of $20. In order for the stock price to hit the forecast high, the stock would need to surge +25.63% from its current level, while the stock would need to crash -24.62% from its current level to reach the projected low.
Hewlett Packard Enterprise Company (HPE) projections and forecasts
Hewlett Packard Enterprise Company share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +69 percent over the past six months and at a 33.33% annual growth rate that is well above the industry average of 5.2%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +90.9% in revenue this quarter, and will report an increase of 31.2% in the next quarter. The year-over-year growth rate is expected to be 2.4%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $6.61 Billion in revenue for the current quarter. 14 analysts expect Hewlett Packard Enterprise Company to make $6.88 Billion in revenue for the quarter ending July 01, 2021. The company’s sales for the same quarter a year ago was $6.29 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 5.1%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.8%. Hewlett Packard Enterprise Company earnings are expected to decrease by -122.1% in 2021, but the outlook is positive 12.51% per year for the next five years.
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HPE Dividend Yield
Hewlett Packard Enterprise Company’s next quarterly earnings report is expected to be released around May 19 – May 24, 2021. The annual dividend yield of the stock is 3.02 percent and its annual dividend per share was $0.48. It is important to note, however, that the 3.02% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.49% per year.
Hewlett Packard Enterprise Company (NYSE:HPE)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.3% of Hewlett Packard Enterprise Company shares, and 82.87% of them are in the hands of institutional investors. The stock currently has a share float of 83.12%. Hewlett Packard Enterprise Company stock is held by 1047 institutions, with Dodge & Cox Inc being the largest institutional investor. By Dec 30, 2020, it held 12.19% of the shares, which is about 158.66 Million shares worth $1.88 Billion.
Vanguard Group, Inc. (The), with 11.02% or 143.44 Million shares worth $1.7 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 95571845 shares worth $1.13 Billion, making up 7.35% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 36.39 Million shares worth around $431.24 Million, which represents about 2.8% of the total shares outstanding.