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

May 17, 2018 - By Kurt Siggers

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 1.12 in Q4 2017. Its down 0.11, from 1.23 in 2017Q3. It is negative, 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.
Verition Fund Management accumulated 0.16% or 14,019 shares. First Advsrs Limited Partnership accumulated 842,116 shares. Waddell & Reed holds 0.23% or 866,804 shares in its portfolio. Dekabank Deutsche Girozentrale invested in 11,131 shares or 0.01% of the stock. The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.01% in Red Hat, Inc. (NYSE:RHT). Johnson Inv Counsel invested 0.04% of its portfolio in Red Hat, Inc. (NYSE:RHT). Cornerstone Advsr Inc holds 108 shares or 0.01% of its portfolio. Ftb Advisors holds 0% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 277 shares. Pekin Singer Strauss Asset Management Il reported 2,000 shares stake. Parametric Portfolio Ltd Liability Com stated it has 420,879 shares or 0.05% of all its holdings. The Massachusetts-based Colony Group Incorporated Ltd has invested 0.8% in Red Hat, Inc. (NYSE:RHT). Barbara Oil reported 0.84% in Red Hat, Inc. (NYSE:RHT). Df Dent Com invested in 3.57% or 1.18M shares. 34 were accumulated by Captrust. Moreover, Hartwell J M Partnership has 0.12% invested in Red Hat, Inc. (NYSE:RHT) for 5,500 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 82.63 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. The firm has “Market Outperform” rating by JMP Securities given on Tuesday, March 27. Mizuho downgraded the stock to “Neutral” rating in Monday, March 12 report. KeyBanc Capital Markets maintained the shares of RHT in report on Monday, December 4 with “Buy” rating. Cowen & Co maintained the shares of RHT in report on Thursday, March 22 with “Buy” rating. RBC Capital Markets maintained the shares of RHT in report on Wednesday, December 20 with “Buy” rating. Mizuho maintained the shares of RHT in report on Wednesday, December 13 with “Buy” rating. Barclays Capital maintained the stock with “Buy” rating in Wednesday, December 20 report. The stock of Red Hat, Inc. (NYSE:RHT) has “Overweight” rating given on Wednesday, March 28 by JP Morgan. The firm earned “Buy” rating on Monday, December 11 by Cowen & Co. The stock has “Buy” rating by Wells Fargo on Wednesday, December 20.

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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