After finishing at $18.05 in the prior trading day, Hewlett Packard Enterprise Co (NYSE: HPE) closed at $17.90, down -0.83%. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 17412545 shares were traded.
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Ratios:
Our goal is to gain a better understanding of HPE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.84. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.37.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on March 01, 2024, Downgraded its rating to Equal Weight and sets its target price to $17 from $21 previously.
On January 16, 2024, Bernstein Downgraded its rating to Mkt Perform which previously was Outperform and also lowered its target price recommendation from $20 to $17.
Morgan Stanley Upgraded its Underweight to Equal-Weight on November 30, 2023, while the target price for the stock was maintained at $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when Major Kristin K sold 24,722 shares for $19.01 per share. The transaction valued at 469,965 led to the insider holds 0 shares of the business.
Gold Gerri sold 13,399 shares of HPE for $241,285 on Mar 05 ’24. The EVP, Pres & CEO Financial Serv now owns 79,865 shares after completing the transaction at $18.01 per share. On Mar 04 ’24, another insider, REINER GARY M, who serves as the Director of the company, sold 70,000 shares for $17.22 each. As a result, the insider received 1,205,400 and left with 181,686 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HPE now has a Market Capitalization of 23.27B and an Enterprise Value of 32.31B. As of this moment, Hewlett’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.33, and their Forward P/E ratio for the next fiscal year is 8.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 1.15 whereas that against EBITDA is 6.56.
Stock Price History:
Over the past 52 weeks, HPE has reached a high of $20.07, while it has fallen to a 52-week low of $13.65. The 50-Day Moving Average of the stock is 16.01, while the 200-Day Moving Average is calculated to be 16.49.
Shares Statistics:
The stock has traded on average 14.33M shares per day over the past 3-months and 32.01M shares per day over the last 10 days, according to various share statistics. A total of 1.30B shares are outstanding, with a floating share count of 1.29B. Insiders hold about 0.41% of the company’s shares, while institutions hold 83.47% stake in the company. Shares short for HPE as of Feb 29, 2024 were 32.75M with a Short Ratio of 2.28, compared to 27.87M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.52% and a Short% of Float of 2.88%.
Dividends & Splits
In the trailing 12 months, HPE’s forward annual dividend rate was 0.49, compared to 0.49 this year. Against a Trailing Annual Dividend Yield of 2.71%, it implies a Forward Annual Dividend Yield of 2.91%. The stock’s 5-year Average Dividend Yield is 3.41. The current Payout Ratio is 31.19% for HPE, which recently paid a dividend on Apr 12, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Sep 01, 2017 when the company split stock in a 1289:1000 ratio.
Earnings Estimates
Its stock is currently analyzed by 13 different market analysts. On average, analysts expect EPS of $0.39 for the current quarter, with a high estimate of $0.43 and a low estimate of $0.36, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.47, with high estimates of $0.52 and low estimates of $0.44.
Analysts are recommending an EPS of between $1.93 and $1.83 for the fiscal current year, implying an average EPS of $1.88. EPS for the following year is $2.04, with 15 analysts recommending between $2.24 and $1.89.
Revenue Estimates
A total of 16 analysts have provided revenue estimates for HPE’s current fiscal year. The highest revenue estimate was $29.36B, while the lowest revenue estimate was $28.8B, resulting in an average revenue estimate of $29.16B. In the same quarter a year ago, actual revenue was $29.14B, up 0.10% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $30.41B in the next fiscal year. The high estimate is $30.96B and the low estimate is $29.68B. The average revenue growth estimate for next year is up 4.30% from the average revenue estimate for this year.
