EPS for Red Hat, Inc. (RHT) forecasted at $0.49

May 17, 2018 - By Glen Chin

Red Hat, Inc. (NYSE:RHT) Corporate Logo
Big Money Sentiment decreased to 1.12 in Q4 2017. It has change of 0.11, from 2017Q3’s 1.23. The ratio is negative due to Red Hat, Inc. positioning: 45 sold and 179 reduced. 92 funds acquired holdings and 159 increased holdings. Investors holded 157.62 million in 2017Q3 but now own 159.29 million shares or 1.06% more.
Conning Incorporated has 4,189 shs. Wealthtrust accumulated 90 shs. The New York-based Spark Inv Management Ltd Liability Corp has invested 0.09% in Red Hat, Inc. (NYSE:RHT). Arizona State Retirement owns 67,101 shs. Reilly Advsrs Ltd Liability Corporation owns 496 shs. Fdx Advsrs holds 0.01% of its capital in Red Hat, Inc. (NYSE:RHT) for 2,463 shs. Koch Industries holds 0.06% or 3,397 shs in its capital. Hwg Partnership holds 0.24% in Red Hat, Inc. (NYSE:RHT) or 2,374 shs. 11.48M were accumulated by Blackrock. Ibm Retirement Fund owns 0.1% invested in Red Hat, Inc. (NYSE:RHT) for 4,470 shs. Creative Planning has invested 0% of its capital in Red Hat, Inc. (NYSE:RHT). Bp Plc has 0.09% invested in Red Hat, Inc. (NYSE:RHT) for 21,000 shs. Global X Mgmt Limited Liability holds 2,498 shs or 0.01% of its capital. Moreover, Birinyi Assocs has 0.11% invested in Red Hat, Inc. (NYSE:RHT). Twin Mgmt Inc holds 8,002 shs or 0.05% of its capital.

Red Hat, Inc. (NYSE:RHT)’s earnings report is expected on June, 19., Zacks reports. Analysts forecast 22.50 % diference or $0.49 from the $0.4 EPS from 2017. RHT’s profit could reach $87.06 million with 82.63 P/E in case $0.49 EPS is reported. -32.88 % negative EPS growth is what analysts predict. $0.73 EPS was reported for previous quarter. RHT reached $161.96 during the last trading session after $1.6 change.Red Hat, Inc. has 2.07M shares volume, 13.36% up from normal. RHT is uptrending and has moved 87.86% since May 17, 2017. RHT outperformed by 76.31% the S&P 500.

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

A total of 25 analysts rate Red Hat (NYSE:RHT) as follows: 19 “Buy”, 6 “Hold” and 0 “Sell”. Тherefore 76% are bullish. (NYSE:RHT) has 41 ratings reports on May 17, 2018 according to StockzIntelligence. On Monday, December 18 the stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given by Evercore. The company rating was maintained by Cowen & Co on Monday, December 11. The stock rating was maintained by RBC Capital Markets with “Buy” on Wednesday, March 21. On Wednesday, December 13 Mizuho maintained the shares of RHT in report with “Buy” rating. In Tuesday, March 27 report Nomura maintained it with “Buy” rating and $182 target. On Wednesday, December 13 the stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Barclays Capital. On Wednesday, March 28 the firm earned “Overweight” rating by JP Morgan. On Tuesday, March 27 the company was maintained by Deutsche Bank. On Wednesday, December 20 the stock has “Buy” rating by Barclays Capital. On Monday, March 26 the firm has “Hold” rating given by Piper Jaffray.

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 firm is worth $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.The P/E ratio is 115.69. 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 Investors Chart

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