Red Hat (RHT) to Release Earnings on Monday
Red Hat (NYSE:RHT) will be announcing its Q214 earnings results on Monday, September 23rd. Analysts expect the company to announce earnings of $0.33 per share and revenue of $372.10 million for the quarter.
Red Hat (NYSE:RHT) last announced its earnings results on Monday, September 23rd. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.33. On average, analysts expect Red Hat to post $1.35 EPS for the current fiscal year and $1.58 EPS for the next fiscal year.
Shares of Red Hat (NYSE:RHT) opened at 53.59 on Friday. Red Hat has a 52 week low of $44.92 and a 52 week high of $58.42. The stock has a 50-day moving average of $51.94 and a 200-day moving average of $49.97. The company has a market cap of $10.145 billion and a price-to-earnings ratio of 67.84.
A number of research firms have recently commented on RHT. Analysts at Jefferies Group reiterated a “positive” rating on shares of Red Hat (NYSE:RHT) in a research note to investors on Friday. On the ratings front, analysts at JPMorgan Chase & Co. cut their price target on shares of Red Hat (NYSE:RHT) from $43.00 to $39.00 in a research note to investors on Monday, July 22nd. They now have an “underweight” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Red Hat (NYSE:RHT) in a research note to investors on Friday, July 19th.
One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $55.60.
Red Hat, Inc (NYSE:RHT) is engaged in providing open source software solutions to the enterprise, including its Red Hat Enterprise Linux and JBoss Enterprise Middleware.
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