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

May 17, 2018 - By Winifred Garcia

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 1.12 in Q4 2017. Its down 0.11, from 1.23 in 2017Q3. It worsened, 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.
Neuberger Berman Group Ltd Liability Corporation accumulated 115,884 shares. Tarbox Family Office reported 0% in Red Hat, Inc. (NYSE:RHT). Koch has 0.06% invested in Red Hat, Inc. (NYSE:RHT). Grantham Mayo Van Otterloo And Lc reported 40,300 shares. The New York-based Amalgamated Fincl Bank has invested 0.08% in Red Hat, Inc. (NYSE:RHT). Parallax Volatility Advisers Limited Partnership accumulated 27,470 shares. Bb&T Limited Com invested in 0.14% or 90,677 shares. Caxton Associate L P owns 5,783 shares. Segall Bryant & Hamill Ltd Liability Corp, Illinois-based fund reported 431,650 shares. Old Mutual Global (Uk) reported 0.89% stake. Louisiana State Employees Retirement Systems stated it has 0.06% in Red Hat, Inc. (NYSE:RHT). Moreover, Hwg Limited Partnership has 0.24% invested in Red Hat, Inc. (NYSE:RHT) for 2,374 shares. Twin Cap Mngmt invested 0.05% in Red Hat, Inc. (NYSE:RHT). Acadian Asset Mgmt Ltd Liability Company holds 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 50,685 shares. Us Fincl Bank De accumulated 127,965 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 2.07 million 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 earned “Hold” rating on Tuesday, December 19 by Piper Jaffray. The firm has “Neutral” rating given on Tuesday, March 27 by Credit Suisse. On Monday, March 19 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, December 4. Jefferies maintained the stock with “Hold” rating in Wednesday, December 20 report. BTIG Research maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, December 20. BTIG Research has “Buy” rating and $150.0 target. Jefferies maintained Red Hat, Inc. (NYSE:RHT) rating on Tuesday, March 27. Jefferies has “Hold” rating and $15400 target. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, March 23 report. The company was maintained on Wednesday, March 28 by JP Morgan. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Evercore on Monday, December 18.

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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