$0.49 EPS Expected for Red Hat, Inc. (RHT)

May 17, 2018 - By Paula Hilliard

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 1.12 in 2017 Q4. Its down 0.11, from 1.23 in 2017Q3. It dropped, as 45 investors sold Red Hat, Inc. shares while 179 reduced holdings. 92 funds opened positions while 159 raised stakes. 159.29 million shares or 1.06% more from 157.62 million shares in 2017Q3 were reported.
Lpl Fin Ltd Liability Co owns 62,157 shares. Natl Pension Ser holds 177,257 shares or 0.11% of its portfolio. Oppenheimer & Inc invested in 28,800 shares. Meeder Asset Management stated it has 0.15% in Red Hat, Inc. (NYSE:RHT). Blair William & Company Il has 1.40 million shares. Sageworth has 0% invested in Red Hat, Inc. (NYSE:RHT) for 7 shares. Balyasny Asset Mngmt Lc, a Illinois-based fund reported 6,763 shares. Reliance Of Delaware holds 0.16% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 8,602 shares. California-based Dorsey Wright And Assocs has invested 0.34% in Red Hat, Inc. (NYSE:RHT). Grantham Mayo Van Otterloo & Communication Limited Liability reported 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT). Goldman Sachs Grp Incorporated reported 1.84 million shares. Fdx Advisors holds 2,463 shares or 0.01% of its portfolio. Bremer Association has invested 0.11% of its portfolio in Red Hat, Inc. (NYSE:RHT). Advantus Cap Mgmt accumulated 0.05% or 18,168 shares. Legal General Group Public Limited Liability Corp holds 0.07% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 862,133 shares.

Analysts expect Red Hat, Inc. (NYSE:RHT) to report $0.49 EPS on June, 19.They anticipate $0.09 EPS change or 22.50 % from last quarter’s $0.4 EPS. RHT’s profit would be $87.06 million giving it 82.18 P/E if the $0.49 EPS is correct. After having $0.73 EPS previously, Red Hat, Inc.’s analysts see -32.88 % EPS growth. The stock decreased 0.54% or $0.88 during the last trading session, reaching $161.08. About 1.52 million shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since May 18, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Red Hat, Inc. (NYSE:RHT) Ratings Coverage

Among 25 analysts covering Red Hat (NYSE:RHT), 19 have Buy rating, 0 Sell and 6 Hold. Therefore 76% are positive. Red Hat had 41 analyst reports since December 4, 2017 according to SRatingsIntel. The firm has “Buy” rating by Evercore given on Monday, December 18. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, March 26 report. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Stifel Nicolaus on Friday, December 15. On Tuesday, March 27 the stock rating was maintained by Barclays Capital with “Overweight”. As per Monday, December 11, the company rating was maintained by Cowen & Co. The stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given on Wednesday, December 13 by Mizuho. The rating was maintained by Jefferies with “Hold” on Wednesday, December 20. Wells Fargo maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, December 20. Wells Fargo has “Buy” rating and $144.0 target. On Wednesday, December 20 the stock rating was maintained by BMO Capital Markets with “Hold”. As per Tuesday, March 27, the company rating was maintained by Deutsche Bank.

Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide. The company has market cap of $28.62 billion. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments; and Red Hat Enterprise Virtualization, a software solution that allows clients to utilize and manage a common hardware infrastructure to run multiple operating systems and applications. It has a 115.06 P/E ratio. The firm offers application development-related and other technology solutions, such as Red Hat JBoss Middleware, a solution for developing, deploying, and managing applications; integrating applications, data, and devices; and automating business processes in hybrid cloud environments; Red Hat cloud offerings, a software solution that enables clients to build and manage various cloud computing environments; Red Hat Mobile, a software development platform that enables clients to develop, integrate, deploy, and manage mobile applications for enterprises; and Red Hat Storage, a software solution that enables clients to manage large, unstructured, or semi-structured data in hybrid cloud environments.

Another recent and important Red Hat, Inc. (NYSE:RHT) news was published by Benzinga.com which published an article titled: “Nonprofit Fintech Organization Symphony Software Foundation Rebrands As FINOS” on April 24, 2018.

Red Hat, Inc. (NYSE:RHT) Institutional Positions Chart

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