In the last trading session, 14.96 million Hewlett Packard Enterprise Co (NYSE:HPE) shares changed hands as the company’s beta touched 1.20. With the company’s per share price at $19.97 changed hands at -$0.72 or -3.48% during last session, the market valuation stood at $25.93B. HPE’s last price was a discount, traded about -14.27% off its 52-week high of $22.82. The share price had its 52-week low at $14.47, which suggests the last value was 27.54% up since then. When we look at Hewlett Packard Enterprise Co’s average trading volume, we note the 10-day average is 12.06 million shares, with the 3-month average coming to 15.22 million.
Analysts gave the Hewlett Packard Enterprise Co (HPE) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.39. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended HPE as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Hewlett Packard Enterprise Co’s EPS for the current quarter is expected to be 0.56.
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Hewlett Packard Enterprise Co (NYSE:HPE) trade information
Instantly HPE was in red as seen at the end of in last trading. With action -3.62%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 17.61%, with the 5-day performance at -3.62% in the red. However, in the 30-day time frame, Hewlett Packard Enterprise Co (NYSE:HPE) is 6.17% up. Looking at the short shares, we see there were 37.71 million shares sold at short interest cover period of 1.53 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 0.15% from its current market value. According to analyst projections, HPE’s forecast low is 14 with 26 as the target high. To hit the forecast high, the stock’s price needs a -30.2% plunge from its current level, while the stock would need to tank 29.89% for it to hit the projected low.
Hewlett Packard Enterprise Co (HPE) estimates and forecasts
Data shows that the Hewlett Packard Enterprise Co share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 18.66% over the past 6 months, a -9.30% in annual growth rate that is considerably lower than the industry average of 4.60%. Year-over-year growth is forecast to reach 2.70% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 8.26B. 11 analysts are of the opinion that Hewlett Packard Enterprise Co’s revenue for the current quarter will be 7.76B. The company’s revenue for the corresponding quarters a year ago was 7.35B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.61%. The 2024 estimates are for Hewlett Packard Enterprise Co earnings to decrease by -8.95%, but the outlook for the next 5-year period is at 2.42% per year.
HPE Dividends
Hewlett Packard Enterprise Co is expected to release its next quarterly earnings report on 2024-Nov-26. The 2.60% annual yield figure for the share gives it an annual dividend of 0.52. It is important to note, however, that the 2.60% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.36 per year.
Hewlett Packard Enterprise Co (NYSE:HPE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.38% of Hewlett Packard Enterprise Co shares while 83.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.07%. There are 83.75% institutions holding the Hewlett Packard Enterprise Co stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.4809% of the shares, roughly 163.62 million HPE shares worth $3.46 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.5764% or 125.55 million shares worth $2.66 billion as of 2024-06-30.
