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

March 21, 2018 - By marketbeat

 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 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.
1832 Asset L P has invested 0.02% in Red Hat, Inc. (NYSE:RHT). Tarbox Family Office holds 0% or 12 shares. Schroder Invest Gp holds 0.01% or 43,258 shares. 67,329 were accumulated by Toronto Dominion Financial Bank. Wells Fargo And Mn reported 0.06% of its portfolio in Red Hat, Inc. (NYSE:RHT). Cipher L P invested 0.36% in Red Hat, Inc. (NYSE:RHT). Cap Counsel Ltd Llc New York invested in 6.1% or 614,470 shares. State Of Alaska Department Of Revenue reported 0.04% in Red Hat, Inc. (NYSE:RHT). Evercore Wealth Management Limited Liability Company invested in 0% or 92 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT). Cambridge Investment Advsr Inc reported 0.01% of its portfolio in Red Hat, Inc. (NYSE:RHT). Moreover, Deutsche Comml Bank Ag has 0.04% invested in Red Hat, Inc. (NYSE:RHT) for 498,635 shares. Commerzbank Aktiengesellschaft Fi has invested 0.01% in Red Hat, Inc. (NYSE:RHT). Guggenheim Cap Lc has 0.19% invested in Red Hat, Inc. (NYSE:RHT). Canada Pension Plan Board has invested 0.02% of its portfolio 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 $104.43 million giving it 65.80 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 2.08% or $3.17 during the last trading session, reaching $155.28. About 1.66M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since March 21, 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 114 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Red Hat, Inc. (NYSE:RHT) has “Outperform” rating given on Thursday, March 23 by William Blair. The firm has “Buy” rating given on Friday, October 9 by Drexel Hamilton. The company was maintained on Wednesday, June 21 by Northland Capital. The firm has “Overweight” rating given on Monday, March 19 by Barclays Capital. The firm earned “Market Perform” rating on Thursday, December 22 by BMO Capital Markets. The company was maintained on Wednesday, December 20 by BTIG Research. The firm has “Hold” rating given on Tuesday, March 28 by Stifel Nicolaus. The stock has “Buy” rating by Oppenheimer on Tuesday, August 8. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Northland Capital on Wednesday, December 20. The firm has “Market Outperform” rating given on Wednesday, September 13 by JMP Securities.

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 $27.49 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 83.89 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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