During the recent session, Hewlett Packard Enterprise Co (NYSE:HPE)’s traded shares were 29.23 million, with the beta value of the company hitting 1.16. At the last check today, the stock’s price was $15.22, reflecting an intraday loss of -15.28% or -$2.74. The 52-week high for the HPE share is $24.66, that puts it down -62.02 from that peak though still a striking -3.61% loss since the share price plummeted to a 52-week low of $15.77. The company’s market capitalization is $19.98B, and the average trade volume was 14.47 million shares over the past three months.
Hewlett Packard Enterprise Co (HPE) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.11. HPE has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.33.
Hewlett Packard Enterprise Co (NYSE:HPE) trade information
Hewlett Packard Enterprise Co (HPE) registered a -15.28% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -15.28% in intraday trading to $15.22, hitting a weekly high. The stock’s 5-day price performance is -23.20%, and it has moved by -28.77% in 30 days. Based on these gigs, the overall price performance for the year is -15.94%.
The consensus price target of analysts on Wall Street is $24, which implies an increase of 36.58% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $29 respectively. As a result, HPE is trading at a discount of -90.54% off the target high and -31.41% off the low.
Hewlett Packard Enterprise Co (HPE) estimates and forecasts
In the rating firms’ projections, revenue will increase 7.98% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.65B as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 8.22B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.2B and 7.71B respectively. In this case, analysts expect current quarter sales to grow by 6.13% and then jump by 6.57% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.99%. While earnings are projected to return -3.50% in 2025, the next five years will return 6.16% per annum.
HPE Dividends
Hewlett Packard Enterprise Co is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Hewlett Packard Enterprise Co is 0.52, with the dividend yield indicating at 3.42 percent, continuing the trend of increasing dividends in recent years.
Hewlett Packard Enterprise Co (NYSE:HPE)’s Major holders
The next largest institutional holding, with 125.55 million shares, is of BLACKROCK INC.’s that is approximately 9.5764% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.66 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Hewlett Packard Enterprise Co (HPE) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 41.17 shares. This amounts to just over 3.13 percent of the company’s overall shares, with a $628.51 million market value. The same data shows that the other fund manager holds slightly less at 35.15, or about 2.68% of the stock, which is worth about $536.62 million.
