$0.49 EPS Expected for Red Hat, Inc. (RHT)
June 10, 2018 – By Maria Brooks
Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.26, from 1.12 in 2017Q4. It fall, as 46 investors sold Red Hat, Inc. shares while 214 reduced holdings. 80 funds opened positions while 144 raised stakes. 160.68 million shares or 0.87% more from 159.29 million shares in 2017Q4 were reported.
Employees Retirement System Of Ohio has 0.14% invested in Red Hat, Inc. (NYSE:RHT) for 174,652 shares. Raymond James Na invested in 3,157 shares or 0.03% of the stock. Principal Financial Grp Inc owns 359,523 shares. Pathstone Family Office Ltd Liability Corp reported 281 shares. Timessquare Capital Mngmt Lc reported 0.63% in Red Hat, Inc. (NYSE:RHT). Citadel Advsr Ltd Co reported 0% of its portfolio in Red Hat, Inc. (NYSE:RHT). Reilly holds 0% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 196 shares. Tudor Inv Corp Et Al stated it has 19,390 shares or 0.09% of all its holdings. Dupont Cap Management has 41,469 shares. Missouri-based Argent Mngmt Limited Liability Com has invested 3.65% in Red Hat, Inc. (NYSE:RHT). Ct Mason reported 9,135 shares. 20,546 were reported by Dnb Asset As. State Board Of Administration Of Florida Retirement holds 0.1% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 254,582 shares. Daiwa Securities Gp holds 7,027 shares or 0.01% of its portfolio. Point72 Asset Mngmt Lp has invested 0.01% of its portfolio in Red Hat, Inc. (NYSE:RHT).
Analysts expect Red Hat, Inc. (NYSE:RHT) to report $0.49 EPS on June, 21 after the close.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 87.28 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 increased 1.14% or $1.93 during the last trading session, reaching $171.06. About 1.13M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 85.99% since June 10, 2017 and is uptrending. It has outperformed by 73.42% 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 has $20000 highest and $119.0 lowest target. $166.96’s average target is -2.40% below currents $171.06 stock price. Red Hat had 40 analyst reports since December 11, 2017 according to SRatingsIntel. The rating was downgraded by Mizuho on Monday, March 12 to “Neutral”. The company was maintained on Thursday, March 22 by Cowen & Co. Barclays Capital maintained the shares of RHT in report on Wednesday, December 13 with “Buy” rating. The rating was maintained by Northland Capital with “Buy” on Tuesday, March 27. The stock of Red Hat, Inc. (NYSE:RHT) earned “Neutral” rating by Credit Suisse on Tuesday, March 27. The rating was maintained by Monness on Monday, May 14 with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, December 20 report. RBC Capital Markets maintained Red Hat, Inc. (NYSE:RHT) on Wednesday, December 13 with “Buy” rating. The firm earned “Market Outperform” rating on Tuesday, March 27 by JMP Securities. Wells Fargo maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, December 20. Wells Fargo has “Buy” rating and $144.0 target.
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 $30.39 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 122.19 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.
More recent Red Hat, Inc. (NYSE:RHT) news were published by: Nasdaq.com which released: “You Might Not Be Too Late to the Stitch Fix Inc Stock Party” on June 09, 2018. Also Fool.com published the news titled: “3 Growth Stocks for Forward-Looking Investors” on June 09, 2018. Streetinsider.com‘s news article titled: “Red Hat (RHT) PT Raised to $200 at Monness, Crespi, Hardt; ‘Open Source is Essential in the Age of Digital Disruption'” with publication date: May 14, 2018 was also an interesting one.
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