Hewlett Packard Enterprise - HPE Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hewlett Packard Enterprise in the last year. There are currently 3 sell ratings, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HPE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HPE, but not buy additional shares or sell existing shares.
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12 Wall Street research analysts have issued 1-year price targets for Hewlett Packard Enterprise's shares. Their HPE share price forecasts range from $13.50 to $20.00. On average, they expect the company's stock price to reach $16.59 in the next twelve months. This suggests a possible upside of 28.1% from the stock's current price.
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Hewlett Packard Enterprise's stock was trading at $15.77 on January 1st, 2022. Since then, HPE stock has decreased by 17.9% and is now trading at $12.95.
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Hewlett Packard Enterprise saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 30,200,000 shares, an increase of 27.0% from the August 31st total of 23,780,000 shares. Based on an average trading volume of 10,680,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 29th 2022.
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Hewlett Packard Enterprise (NYSE:HPE) announced its quarterly earnings data on Tuesday, August, 30th. The technology company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.00. The technology company earned $6.95 billion during the quarter, compared to analyst estimates of $6.97 billion. Hewlett Packard Enterprise had a net margin of 13.31% and a trailing twelve-month return on equity of 18.25%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS.
Read the conference call transcript.

Hewlett Packard Enterprise declared a quarterly dividend on Wednesday, August 31st. Shareholders of record on Monday, September 12th will be paid a dividend of $0.12 per share on Friday, October 7th. This represents a $0.48 annualized dividend and a yield of 3.71%. The ex-dividend date is Friday, September 9th.
Read our dividend analysis for HPE.

Hewlett Packard Enterprise (NYSE:HPE) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.74%. The dividend payout ratio is 17.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HPE will have a dividend payout ratio of 32.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HPE.

Hewlett Packard Enterprise updated its FY 2022 earnings guidance on Tuesday, September, 27th. The company provided EPS guidance of $1.96-$2.04 for the period, compared to the consensus EPS estimate of $2.03. The company issued revenue guidance of $28.62 billion-$28.89 billion, compared to the consensus revenue estimate of $28.23 billion.

1,708 employees have rated Hewlett Packard Enterprise Chief Executive Officer Antonio Neri on Glassdoor.com. Antonio Neri has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hewlett Packard Enterprise investors own include HP (HPQ), AT&T (T), Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), General Electric (GE), Pfizer (PFE) and Micron Technology (MU).

Hewlett Packard Enterprise trades on the New York Stock Exchange (NYSE) under the ticker symbol "HPE."

Hewlett Packard Enterprise's stock is owned by many different retail and institutional investors. Top institutional investors include Meyer Handelman Co. (0.02%), First Hawaiian Bank (0.01%), Bowling Portfolio Management LLC (0.00%), Neville Rodie & Shaw Inc. (0.00%) and Capital Investment Advisors LLC (0.00%). Insiders that own company stock include Alan Richard May, Antonio F Neri, Gary M Reiner, Irv Rothman, Jeff T Ricci, John F Schultz, Justin Hotard, Keerti Melkote, Keith Anderson, Kirt P Karros, Neil B Macdonald, Philip Davis, Tarek Robbiati, Thomas E Black Jr and Thomas E Black, Jr.
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Shares of HPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HPE stock can currently be purchased for approximately $12.95.

Hewlett Packard Enterprise (NYSE:HPE) has a market capitalization of $16.66 billion and generates $27.78 billion in revenue each year. The technology company earns $3.43 billion in net income (profit) each year or $2.80 on an earnings per share basis.

The company employs 60,400 workers across the globe.

Hewlett Packard Enterprise's mailing address is 6280 America Center Drive, San Jose CA, 95002. The official website for the company is www.hpe.com. The technology company can be reached via phone at (650) 687-5817 or via email at investor.relations@hpe.com.