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

February 27, 2018 - By Clifton Ray

 Red Hat, Inc. (RHT) Analysts See $0.59 EPS
Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.02, from 1.25 in 2017Q2. It turned 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.
Oakworth Capital has 0% invested in Red Hat, Inc. (NYSE:RHT) for 36 shares. North Star Inv Mgmt invested in 0.01% or 485 shares. California State Teachers Retirement System has 294,286 shares. 646 are owned by Northwestern Mutual Wealth Mgmt Co. Jpmorgan Chase And holds 0.04% or 1.81 million shares. State Of New Jersey Common Pension Fund D has invested 0.04% in Red Hat, Inc. (NYSE:RHT). Citigroup Inc accumulated 94,533 shares or 0.01% of the stock. Bp Plc has 21,000 shares for 0.08% of their portfolio. 4,562 are held by Private Advisor Grp Limited Com. Rampart Inv Mgmt Ltd holds 2,386 shares or 0.09% of its portfolio. Aperio Ltd Com reported 72,851 shares. Huntington Bankshares reported 1,770 shares or 0% of all its holdings. Goldman Sachs Gru Inc owns 1.83M shares. State Street Corporation stated it has 6.71M shares. 11,935 are owned by Wilkins Counsel Inc.

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 $104.43M giving it 62.92 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 0.31% or $0.46 during the last trading session, reaching $148.49. About 854,042 shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since February 27, 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), 26 have Buy rating, 1 Sell and 8 Hold. Therefore 74% are positive. Red Hat had 112 analyst reports since August 25, 2015 according to SRatingsIntel. Bank of America maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, March 23. Bank of America has “Neutral” rating and $78 target. BTIG Research maintained it with “Buy” rating and $12000 target in Wednesday, June 21 report. On Tuesday, June 20 the stock rating was maintained by Drexel Hamilton with “Buy”. The company was maintained on Sunday, July 23 by RBC Capital Markets. On Thursday, October 22 the stock rating was downgraded by Cowen & Co to “Market Perform”. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, December 18 report. The firm earned “Buy” rating on Wednesday, December 20 by Wells Fargo. The firm earned “Outperform” rating on Friday, December 18 by RBC Capital Markets. Deutsche Bank maintained the stock with “Buy” rating in Thursday, June 22 report. The firm has “Outperform” rating given on Tuesday, March 28 by RBC Capital Markets.

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 $26.28 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 80.22 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: which released: “Atos Launches Managed OpenShift with Red Hat to Accelerate Businesses’ Digital …” on February 23, 2018, also with their article: “Red Hat Acquires CoreOS For $250 Million” published on January 31, 2018, published: “The Real Reason Red Hat Is Acquiring CoreOS” on February 04, 2018. More interesting news about Red Hat, Inc. (NYSE:RHT) were released by: and their article: “New Red Hat Management Innovations Designed to Accelerate Customers’ Hybrid …” published on February 27, 2018 as well as‘s news article titled: “Red Hat to buy CoreOS for $250M” with publication date: January 30, 2018.

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