Red Hat, Inc. (RHT) EPS Estimated At $0.59

March 19, 2018 - By Richard Conner

 Red Hat, Inc. (RHT) EPS Estimated At $0.59
Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.02, from 1.25 in 2017Q2. It turned negative, as 43 investors sold Red Hat, Inc. shares while 154 reduced holdings. 65 funds opened positions while 177 raised stakes. 157.62 million shares or 0.16% less from 157.87 million shares in 2017Q2 were reported.
Westfield Cap Management Com Limited Partnership invested in 638,382 shares. The Nebraska-based Cwm Ltd Co has invested 0% in Red Hat, Inc. (NYSE:RHT). Victory Cap reported 0.11% in Red Hat, Inc. (NYSE:RHT). Robeco Institutional Asset Management Bv holds 0.04% or 64,870 shares in its portfolio. Ibm Retirement Fund stated it has 4,518 shares or 0.1% of all its holdings. Bnp Paribas Asset Management Hldgs Sa reported 0.08% of its portfolio in Red Hat, Inc. (NYSE:RHT). Apg Asset Management Nv holds 129,135 shares. Integral Derivatives Limited Liability Company owns 5,309 shares. Legal And General Grp Inc Public Limited Liability Com has invested 0.07% in Red Hat, Inc. (NYSE:RHT). Cadence Mngmt Ltd Company has 25,442 shares. Amp Cap Invsts Limited owns 86,648 shares. Michigan-based Comerica Retail Bank has invested 0.09% in Red Hat, Inc. (NYSE:RHT). Yhb Investment Advsrs reported 0.1% of its portfolio in Red Hat, Inc. (NYSE:RHT). D E Shaw And Inc stated it has 334,191 shares. Tokio Marine Asset Mngmt Limited reported 1,812 shares.

Analysts expect Red Hat, Inc. (NYSE:RHT) to report $0.59 EPS on March, 26 after the close.They anticipate $0.17 EPS change or 40.48 % from last quarter’s $0.42 EPS. RHT’s profit would be $104.43M giving it 65.33 P/E if the $0.59 EPS is correct. After having $0.54 EPS previously, Red Hat, Inc.’s analysts see 9.26 % EPS growth. The stock decreased 0.17% or $0.26 during the last trading session, reaching $154.17. About 1.68M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since March 19, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

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

Among 35 analysts covering Red Hat (NYSE:RHT), 25 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. Red Hat had 113 analyst reports since August 25, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Monday, July 24 report. The stock of Red Hat, Inc. (NYSE:RHT) has “Market Perform” rating given on Tuesday, March 28 by BMO Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, December 13 report. The firm has “Hold” rating by Jefferies given on Tuesday, June 20. On Friday, December 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating given on Thursday, June 22 by Deutsche Bank. On Monday, September 18 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Buy” rating by BTIG Research on Wednesday, June 21. BTIG Research maintained Red Hat, Inc. (NYSE:RHT) on Wednesday, December 20 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, September 26 by Credit Suisse.

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 $27.29 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 83.29 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.

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