Red Hat, Inc. (RHT) EPS Estimated At $0.49

May 17, 2018 - By Margaret Downey

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 1.12 in Q4 2017. Its down 0.11, from 1.23 in 2017Q3. It dived, 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.
41,355 were accumulated by Calamos Advisors Limited Company. Hsbc Public Limited Co has 0.03% invested in Red Hat, Inc. (NYSE:RHT) for 152,231 shares. Adage Cap Ptnrs Grp Ltd Co has invested 0.07% in Red Hat, Inc. (NYSE:RHT). Personal Advsrs Corp stated it has 1,856 shares or 0% of all its holdings. Mutual Of America Capital Management Ltd Liability Com stated it has 0.05% of its portfolio in Red Hat, Inc. (NYSE:RHT). Alabama-based Regions Fincl has invested 0% in Red Hat, Inc. (NYSE:RHT). Ubs Oconnor Limited Com invested in 15,000 shares or 0.05% of the stock. Asset Mgmt One Com Limited stated it has 0.07% in Red Hat, Inc. (NYSE:RHT). 507,613 are held by Nomura Asset Management Ltd. Tci Wealth accumulated 13 shares. Oak Limited Oh, Ohio-based fund reported 154,608 shares. Citigroup owns 107,308 shares. Rockefeller Services has invested 0% of its portfolio in Red Hat, Inc. (NYSE:RHT). Nordea Management has 0% invested in Red Hat, Inc. (NYSE:RHT). Old Mutual Investors (Uk) Limited reported 0.89% in Red Hat, Inc. (NYSE:RHT).

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 82.63 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 0.98% or $1.6 during the last trading session, reaching $161.96. About 2.07M shares traded or 13.65% up from the average. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since May 17, 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. Wells Fargo maintained the shares of RHT in report on Wednesday, December 20 with “Buy” rating. The rating was maintained by Monness on Monday, May 14 with “Buy”. JMP Securities maintained Red Hat, Inc. (NYSE:RHT) on Tuesday, March 27 with “Market Outperform” rating. Barclays Capital maintained the shares of RHT in report on Monday, March 19 with “Overweight” rating. The firm has “Buy” rating given on Monday, March 26 by KeyBanc Capital Markets. Jefferies maintained Red Hat, Inc. (NYSE:RHT) on Tuesday, March 27 with “Hold” rating. Northland Capital maintained Red Hat, Inc. (NYSE:RHT) rating on Tuesday, March 27. Northland Capital has “Buy” rating and $18500 target. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, March 27. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Wells Fargo on Tuesday, March 27. JP Morgan maintained Red Hat, Inc. (NYSE:RHT) on Wednesday, March 28 with “Overweight” rating.

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 $28.78 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 115.69 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.

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

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