$0.59 EPS Expected for Red Hat, Inc. (RHT)

March 15, 2018 - By Richard Conner

 $0.59 EPS Expected for Red Hat, Inc. (RHT)
Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.02, from 1.25 in 2017Q2. It dived, 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.
Lmr Llp invested in 5,086 shares or 0.06% of the stock. Oakworth holds 0% or 36 shares in its portfolio. Guardian Life Insur Company Of America owns 400 shares. Kbc Gp Nv, Belgium-based fund reported 220,887 shares. 2,342 were accumulated by First Long Island Invsts. Goelzer Mngmt Incorporated reported 2,357 shares stake. Ashfield Capital Prtnrs stated it has 0.43% in Red Hat, Inc. (NYSE:RHT). Renaissance Technology Limited Liability Co accumulated 634,765 shares. Fdx stated it has 2,249 shares. Moreover, has 0.28% invested in Red Hat, Inc. (NYSE:RHT) for 5,043 shares. Metropolitan Life Insurance Ny owns 0.06% invested in Red Hat, Inc. (NYSE:RHT) for 91,756 shares. Raymond James Trust Na stated it has 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT). 192,377 are held by Stephens Management Grp Inc Ltd. State Of Alaska Department Of Revenue reported 7,520 shares or 0.04% of all its holdings. Timessquare Mgmt Ltd Co holds 750,100 shares.

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 65.64 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 decreased 0.09% or $0.14 during the last trading session, reaching $154.9. About 192,881 shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since March 15, 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 113 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has “Buy” rating by Mizuho on Thursday, December 22. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, December 22. The firm has “Hold” rating given on Wednesday, June 7 by Jefferies. The rating was maintained by Piper Jaffray on Sunday, August 27 with “Hold”. The rating was maintained by Stifel Nicolaus on Friday, December 15 with “Buy”. The firm earned “Buy” rating on Tuesday, November 3 by Deutsche Bank. JP Morgan maintained Red Hat, Inc. (NYSE:RHT) rating on Tuesday, September 22. JP Morgan has “Overweight” rating and $89 target. The stock of Red Hat, Inc. (NYSE:RHT) earned “Neutral” rating by Credit Suisse on Tuesday, September 26. The company was maintained on Wednesday, December 20 by BMO Capital Markets. The stock has “Buy” rating by BTIG Research on Wednesday, December 20.

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 $27.42 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 83.68 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: “NETSCOUT Achieves Red Hat OpenStack Platform Certification” on February 28, 2018, also Businesswire.com with their article: “Atos Launches Managed OpenShift with Red Hat to Accelerate Businesses’ Digital …” published on February 23, 2018, Businesswire.com published: “Red Hat Receives Overall “Positive” Rating in Gartner’s 2018 Vendor Rating” on February 19, 2018. More interesting news about Red Hat, Inc. (NYSE:RHT) were released by: Seekingalpha.com and their article: “Red Hat -0.9% on analyst downgrade” published on March 12, 2018 as well as Businesswire.com‘s news article titled: “Red Hat Honors Instructors Who Champion Open Source Education” with publication date: February 28, 2018.

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