Analysts See $0.47 EPS for Red Hat Inc (RHT)

August 24, 2017 - By Marguerite Chambers

 Analysts See $0.47 EPS for Red Hat Inc (RHT)
Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.16, from 1.04 in 2016Q3. It is negative, as 60 investors sold Red Hat Inc shares while 164 reduced holdings. 50 funds opened positions while 148 raised stakes. 161.03 million shares or 0.70% more from 159.91 million shares in 2016Q3 were reported.
Putnam Invests Limited Liability, a Massachusetts-based fund reported 3,933 shares. Calamos Ltd Llc owns 21,376 shares. Brown Cap Mngmt Limited Liability Corp reported 5,761 shares or 0.01% of all its holdings. Lazard Asset Mngmt Limited Liability Company stated it has 0.23% in Red Hat Inc (NYSE:RHT). Sun Life Inc reported 0% in Red Hat Inc (NYSE:RHT). Envestnet Asset Mgmt holds 0.01% in Red Hat Inc (NYSE:RHT) or 31,391 shares. 24,400 were accumulated by Palisade Cap Mgmt Ltd Limited Liability Company Nj. Texas-based Shamrock Asset Mgmt Limited Liability Corp has invested 0.01% in Red Hat Inc (NYSE:RHT). Commerzbank Aktiengesellschaft Fi invested in 0.01% or 12,946 shares. Signature Mngmt Inc holds 2,893 shares. Assetmark has 902 shares for 0% of their portfolio. Champlain Investment Prns Ltd Co holds 1.17% or 1.21M shares in its portfolio. Barbara Oil reported 11,000 shares. Blackrock reported 0.05% of its portfolio in Red Hat Inc (NYSE:RHT). Ameriprise Finance Inc owns 1.74M shares.

Investors wait Red Hat Inc (NYSE:RHT) to report on September, 20. its quarterly earnings Wall Street analysts expect $0.47 earnings per share, up $0.10 or 27.03 % from last year’s $0.37 same quarter earnings. This translates into $83.41M profit for RHT giving the stock a 55.27 P/E. This is assuming the current $0.47 EPS is accurate. Red Hat Inc’s Wall Street analysts see 17.50 % EPS growth, taking into account the $0.40 EPS reproted in the previous quarter, About 242,253 shares traded. Red Hat Inc (NYSE:RHT) has risen 18.97% since August 24, 2016 and is uptrending. It has outperformed by 2.27% the S&P500.

Red Hat Inc (NYSE:RHT) Ratings Coverage

Among 31 analysts covering Red Hat (NYSE:RHT), 23 have Buy rating, 0 Sell and 8 Hold. Therefore 74% are positive. Red Hat had 68 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Red Hat Inc (NYSE:RHT) has “Buy” rating given on Monday, September 21 by Mizuho. The rating was downgraded by Zacks to “Hold” on Tuesday, August 25. The stock of Red Hat Inc (NYSE:RHT) earned “Hold” rating by Jefferies on Wednesday, June 7. JP Morgan maintained it with “Overweight” rating and $89 target in Tuesday, September 22 report. The company was maintained on Tuesday, August 8 by Oppenheimer. As per Wednesday, June 21, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Thursday, September 22 by UBS. Bank of America downgraded Red Hat Inc (NYSE:RHT) on Tuesday, January 26 to “Neutral” rating. As per Thursday, September 22, the company rating was maintained by BMO Capital Markets. RBC Capital Markets maintained Red Hat Inc (NYSE:RHT) on Sunday, July 23 with “Buy” rating.

Red Hat, Inc. provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. The company has market cap of $18.44 billion. Red Hat operates through three geographical divisions: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific. It has a 71.25 P/E ratio. The Company’s services and products include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services.

More notable recent Red Hat Inc (NYSE:RHT) news were published by: Nasdaq.com which released: “October 6th Options Now Available For Red Hat (RHT)” on August 24, 2017, also Nasdaq.com with their article: “Red Hat (RHT) Upgraded to Strong Buy on Diversified Portfolio” published on August 14, 2017, Nasdaq.com published: “Turner Investments, Lp Buys Global Payments Inc, Red Hat Inc, Delphi …” on August 05, 2017. More interesting news about Red Hat Inc (NYSE:RHT) were released by: Nasdaq.com and their article: “September 22nd Options Now Available For Red Hat (RHT)” published on August 03, 2017 as well as Seekingalpha.com‘s news article titled: “Red Hat Acquires Permabit For Data Reduction Technologies” with publication date: August 01, 2017.

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