$0.59 EPS Expected for Red Hat, Inc. (RHT)
March 5, 2018 – By Michael Pereira
Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.02, from 1.25 in 2017Q2. It is 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.
1.87M are owned by Wells Fargo Co Mn. Geode Cap Ltd Company owns 1.87 million shares or 0.08% of their US portfolio. Peak6 Investments L P holds 35,470 shares. Global X Mngmt Co Limited Company has 0.01% invested in Red Hat, Inc. (NYSE:RHT) for 1,685 shares. Sheets Smith Wealth, North Carolina-based fund reported 2,850 shares. Lombard Odier Asset Management (Switzerland) has 0.03% invested in Red Hat, Inc. (NYSE:RHT) for 2,330 shares. Lpl Financial Limited Liability holds 62,148 shares or 0.02% of its portfolio. Clarivest Asset Mngmt Ltd Liability holds 0% or 11 shares in its portfolio. Sterling Capital Mgmt Ltd Co has invested 0.58% of its portfolio in Red Hat, Inc. (NYSE:RHT). Moreover, Neuberger Berman Gp Limited Liability Company has 0.02% invested in Red Hat, Inc. (NYSE:RHT). Tci Wealth Advsrs Inc holds 0% or 13 shares. Axa owns 134,582 shares. Wetherby Asset Mgmt stated it has 0.04% of its portfolio in Red Hat, Inc. (NYSE:RHT). Ftb holds 261 shares or 0% of its portfolio. Fifth Third Bancorp reported 0.04% in Red Hat, Inc. (NYSE:RHT).
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 63.03 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 increased 2.28% or $3.32 during the last trading session, reaching $148.76. About 1.19 million shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since March 5, 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), 26 have Buy rating, 1 Sell and 8 Hold. Therefore 74% are positive. Red Hat had 112 analyst reports since August 25, 2015 according to SRatingsIntel. Moffett Nathanson initiated Red Hat, Inc. (NYSE:RHT) on Wednesday, September 6 with “Buy” rating. Northland Capital maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, June 21. Northland Capital has “Buy” rating and $9200 target. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, September 22 report. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 11. The rating was upgraded by Stifel Nicolaus to “Buy” on Wednesday, June 21. The firm has “Buy” rating given on Thursday, September 10 by BTIG Research. Robert W. Baird downgraded the shares of RHT in report on Tuesday, February 28 to “Neutral” rating. The firm has “Hold” rating given on Tuesday, August 25 by Zacks. Barclays Capital maintained the shares of RHT in report on Tuesday, September 26 with “Overweight” rating. BMO Capital Markets maintained Red Hat, Inc. (NYSE:RHT) rating on Tuesday, March 28. BMO Capital Markets has “Market Perform” rating and $90 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 $26.33 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 80.37 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 notable recent Red Hat, Inc. (NYSE:RHT) news were published by: Businesswire.com which released: “Red Hat Receives Overall â€œPositiveâ€ Rating in Gartner’s 2018 Vendor Rating” on February 19, 2018, also Businesswire.com with their article: “New Red Hat Management Innovations Designed to Accelerate Customers’ Hybrid …” published on February 27, 2018, Wsj.com published: “Nice Tattoo! I Didn’t Know You Worked at Walmart” on March 02, 2018. More interesting news about Red Hat, Inc. (NYSE:RHT) were released by: Businesswire.com and their article: “Red Hat and Azul Collaborate for High Density In-Memory Data Storage” published on February 28, 2018 as well as Businesswire.com‘s news article titled: “NETSCOUT Achieves Red Hat OpenStack Platform Certification” with publication date: February 28, 2018.
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