Hewlett Packard Enterprise Co (NYSE:HPE)’s traded shares stood at 5.87 million during the latest session, with the company’s beta value hitting 1.23. At the last check today, the stock’s price was $22.15, to imply an increase of 1.79% or $0.39 in intraday trading. The HPE share’s 52-week high remains $22.82, putting it -3.02% down since that peak but still an impressive 34.67% since price per share fell to its 52-week low of $14.47. The company has a valuation of $28.77B, with an average of 11.94 million shares in intraday trading volume over the past 10 days and average of 15.43 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Hewlett Packard Enterprise Co (HPE), translating to a mean rating of 2.16. Of 13 analyst(s) looking at the stock, 0 analyst(s) give HPE a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.56.
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Hewlett Packard Enterprise Co (NYSE:HPE) trade information
After registering a 1.79% upside in the latest session, Hewlett Packard Enterprise Co (HPE) has traded red over the past five days. The 5-day price performance for the stock is 6.49%, and 10.75% over 30 days. With these gigs, the year-to-date price performance is 30.45%. Short interest in Hewlett Packard Enterprise Co (NYSE:HPE) saw shorts transact 33.64 million shares and set a 3.0 days time to cover.
The extremes give us $20 and $29 for target low and target high price respectively. As such, HPE has been trading -30.93% off suggested target high and 9.71% from its likely low.
Hewlett Packard Enterprise Co (HPE) estimates and forecasts
Looking at statistics comparing Hewlett Packard Enterprise Co share performance against respective industry, we note that the company has underperformed competitors. Hewlett Packard Enterprise Co (HPE) shares are 13.07% up over the last 6 months, with its year-to-date growth rate lower than industry average at -9.30% against 16.60%. The rating firms project that company’s revenue will grow 2.71% compared to the previous financial year.
Revenue forecast for the current quarter as set by 15 analysts is 8.26B. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 7.77B.Earnings reports from the last fiscal year show that sales brought in 7.35B and 6.75B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.34% before jumping 15.07% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.61% for the past 5-year period. While 2024 is set for a -8.83% return in earnings, projections for the next 5 years are at 3.45% annually.
HPE Dividends
Hewlett Packard Enterprise Co has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hewlett Packard Enterprise Co has a forward dividend ratio of 0.52, with the share yield ticking at 2.35% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.36%.
Hewlett Packard Enterprise Co (NYSE:HPE)’s Major holders
Hewlett Packard Enterprise Co insiders hold 0.40% of total outstanding shares, with institutional holders owning 86.79% of the shares at 87.13% float percentage. In total, 86.79% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 163.62 million shares (or 12.4809% of shares), all amounting to roughly $3.46 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 125.55 million shares, or about 9.5764% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.66 billion.
