In today’s recent session, 2.87 million shares of the Hewlett Packard Enterprise Co (NYSE:HPE) have been traded, and its beta is 1.21. Most recently the company’s share price was $18.97, and it changed around -$0.13 or -0.71% from the last close, which brings the market valuation of the company to $24.65B. HPE at last check was trading at a discount to its 52-week high of $22.82, offering almost -20.3% off that amount. The share price’s 52-week low was $14.47, which indicates that the recent value has risen by an impressive 23.72% since then. We note from Hewlett Packard Enterprise Co’s average daily trading volume that its 10-day average is 8.82 million shares, with the 3-month average coming to 16.66 million.
Hewlett Packard Enterprise Co stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 2 out of 25 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 16 recommended HPE as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Hewlett Packard Enterprise Co is expected to report earnings per share of 0.47 for the current quarter.
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Hewlett Packard Enterprise Co (NYSE:HPE) trade information
Instantly HPE has been showing red trend so far today with a performance of -0.71% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 19.48 on recent trading dayincreased the stock’s daily price by 2.62%. The company’s shares are currently up 11.69% year-to-date, but still up 0.45% over the last five days. On the other hand, Hewlett Packard Enterprise Co (NYSE:HPE) is -0.24% down in the 30-day period. We can see from the shorts that 24.4 million shares have been sold at a short interest cover period of 2.2 day(s).
The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 0.16% from its current value. Analyst projections state that HPE is forecast to be at a low of $14 and a high of $26.
Hewlett Packard Enterprise Co (HPE) estimates and forecasts
Hewlett Packard Enterprise Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 27.62 percent over the past six months and at a -11.16% annual growth rate that is well below the industry average of -0.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -4.10% in revenue this quarter, and will report an increase of 5.80% in the next quarter. The year-over-year growth rate is expected to be 2.10%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 7.66B in revenue for the current quarter. 10 analysts expect Hewlett Packard Enterprise Co to make 8.17B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 11.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.61%. Hewlett Packard Enterprise Co earnings are expected to increase by -10.55% in 2024, but the outlook is positive 3.70% per year for the next five years.
HPE Dividends
Hewlett Packard Enterprise Co’s next quarterly earnings report is expected to be released on 2024-Sep-04. The annual dividend yield of the stock is 2.69 percent and its annual dividend per share was 0.51. It is important to note, however, that the 2.69% 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 3.38 per year.
Hewlett Packard Enterprise Co (NYSE:HPE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.56% of Hewlett Packard Enterprise Co shares, and 83.69% of them are in the hands of institutional investors. The stock currently has a share float of 84.16%. Hewlett Packard Enterprise Co stock is held by 1380.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.4809% of the shares, which is about 163.62 million shares worth $3.46 billion.
BLACKROCK INC., with 9.5764% or 125.55 million shares worth $2.66 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 40.9 shares worth $774.86 million, making up 3.15% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 33.36 shares worth around $631.99 million, which represents about 2.57% of the total shares outstanding.
