After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Hewlett Packard Enterprise Reports Fiscal 2024 First Quarter Results.
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Stocks Info
HPE belongs to the Technology sector of the NYSE while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $15.23 and fluctuated between $15.26 as its day high and $15.00 as its day low. The current market capitalization of Hewlett Packard Enterprise Co is $19.80B. A total of 27.09 million shares were traded on the day, compared to an average of 11.89M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HPE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 26 SELLs from insiders. Insiders purchased 1,348,862 shares during that period but sold 2,055,413.
In the most recent transaction, Cox Jeremy sold 1,773 shares of HPE for 16.93 per share on Dec 20. After the transaction, the SVP, Controller, CTO & CFO now owns 14,374 company shares. In a previous transaction on Dec 18, Mottram Phil sold 50,428 shares at 16.77 per share. HPE shares that EVP, GM, Intelligent Edge owns now total 26,466.
Among the insiders who sold shares, Karros Kirt P disposed of 26,130 shares on Dec 14 at a per-share price of $17.00. This resulted in the SVP, Treasurer & IR holding 0 shares of HPE after the transaction. In another insider transaction, Cox Jeremy sold 15,560 shares at $16.90 per share on Dec 14. Company shares held by the SVP, Controller, CTO & CFO now total 14,374.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Hewlett Packard Enterprise Co pays an annual dividend of $0.49, resulting in a dividend yield of 3.22%, and it has a price to earnings (P/E) ratio of 9.90. HPE’s most recent ex-dividend date was when it declared a $0.13 quarterly dividend that was paid in cash on 4/12/2024. Previously, the company paid the dividend on 1/11/2024 with an ex-dividend date of 12/12/2023. The HPE stock dividend was $0.13 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HPE in the last 3 months, the mean price target is $17.94 with high estimates of $21.00 and low estimates of $15.00. In terms of 52-week highs and lows, HPE has a high of $18.14 and a low of $13.65.
As of this writing, HPE has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.43. The company reported an EPS of $0.49 in the last quarter, which was 4.30% higher than expectations of $0.47.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HPE’s latest balance sheet shows that the firm has $4.00B in Cash & Short Term Investments as of fiscal 2021. There were $14.58B in debt and $20.69B in liabilities at the time. Its Book Value Per Share was $16.51, while its Total Shareholder’s Equity was $20.02B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HPE is Buy with a score of 3.38.
