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

September 8, 2018 - By Ash Maslow

Red Hat, Inc. (NYSE:RHT) LogoInvestors sentiment decreased to 0.86 in Q1 2018. Its down 0.26, from 1.12 in 2017Q4. It dropped, 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.
Bb&T Ltd invested 0.15% in Red Hat, Inc. (NYSE:RHT). Qs Ltd Liability Co holds 0.01% in Red Hat, Inc. (NYSE:RHT) or 8,027 shares. Baystate Wealth Management Limited Liability Com has invested 0% in Red Hat, Inc. (NYSE:RHT). New York State Common Retirement Fund holds 415,525 shares or 0.08% of its portfolio. Moreover, Ameriprise has 0.03% invested in Red Hat, Inc. (NYSE:RHT). Dubuque Financial Bank & reported 14 shares. Mason Street Advsrs Ltd Liability, Wisconsin-based fund reported 24,656 shares. Davis R M Inc reported 2.15% in Red Hat, Inc. (NYSE:RHT). Pinnacle Associates Limited, a New York-based fund reported 1,890 shares. 176,861 are held by Susquehanna Intll Group Llp. Counsel owns 23,413 shares for 1.45% of their portfolio. Parametric Associate Limited Com has 433,714 shares for 0.06% of their portfolio. Nomura Asset Management Ltd reported 0.94% of its portfolio in Red Hat, Inc. (NYSE:RHT). Johnson Inv Counsel stated it has 11,527 shares. Axa reported 107,877 shares.

Analysts expect Red Hat, Inc. (NYSE:RHT) to report $0.59 EPS on September, 24.They anticipate $0.01 EPS change or 1.72 % from last quarter’s $0.58 EPS. RHT’s profit would be $104.65 million giving it 62.72 P/E if the $0.59 EPS is correct. After having $0.53 EPS previously, Red Hat, Inc.’s analysts see 11.32 % EPS growth. The stock increased 1.43% or $2.09 during the last trading session, reaching $148.02. About 1.06 million shares traded. Red Hat, Inc. (NYSE:RHT) has risen 85.99% since September 8, 2017 and is uptrending. It has outperformed by 73.42% the S&P500.

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

Among 26 analysts covering Red Hat (NYSE:RHT), 18 have Buy rating, 0 Sell and 8 Hold. Therefore 69% are positive. Red Hat had 30 analyst reports since March 12, 2018 according to SRatingsIntel. The firm has “Market Outperform” rating given on Tuesday, March 27 by JMP Securities. JP Morgan maintained the stock with “Overweight” rating in Wednesday, March 28 report. The company was maintained on Monday, March 19 by Barclays Capital. Cowen & Co maintained the shares of RHT in report on Friday, June 22 with “Buy” rating. The stock of Red Hat, Inc. (NYSE:RHT) has “Neutral” rating given on Tuesday, March 27 by Credit Suisse. The stock has “Buy” rating by Cowen & Co on Thursday, March 22. The stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given on Tuesday, March 27 by J.P. Morgan. The firm earned “Market Perform” rating on Friday, March 23 by BMO Capital Markets. As per Tuesday, March 27, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Nomura with “Buy” on Tuesday, March 27.

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 $26.26 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 93.27 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 news for Red Hat, Inc. (NYSE:RHT) were recently published by: Investorplace.com, which released: “Cloudera Stock Is Headed for Clearer Skies With Latest Cloud Triumph” on September 06, 2018. Seekingalpha.com‘s article titled: “VMware: Buy The Dip” and published on August 27, 2018 is yet another important article.

Red Hat, Inc. (NYSE:RHT) Institutional Positions Chart

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