Brokerages Expect Hortonworks, Inc. (HDP) Will Announce Quarterly Sales of $56.98 Million
Wall Street brokerages expect Hortonworks, Inc. (NASDAQ:HDP) to post sales of $56.98 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Hortonworks’ earnings. The lowest sales estimate is $56.95 million and the highest is $57.00 million. Hortonworks reported sales of $43.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 30.6%. The firm is expected to report its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Hortonworks will report full-year sales of $56.98 million for the current year, with estimates ranging from $237.64 million to $240.10 million. For the next year, analysts anticipate that the company will post sales of $309.83 million per share, with estimates ranging from $287.14 million to $334.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Hortonworks.
Hortonworks (NASDAQ:HDP) last issued its earnings results on Thursday, May 4th. The software maker reported ($0.88) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.05. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 120.94%. The business had revenue of $55.97 million during the quarter, compared to the consensus estimate of $52.21 million. During the same period last year, the company earned ($0.68) EPS. The company’s revenue for the quarter was up 35.4% on a year-over-year basis.
Several equities analysts recently commented on HDP shares. Wunderlich upped their target price on Hortonworks from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Drexel Hamilton reiterated a “buy” rating and issued a $21.00 target price on shares of Hortonworks in a research note on Wednesday, June 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Hortonworks in a research note on Monday, June 12th. Mizuho reiterated a “buy” rating and issued a $13.00 target price on shares of Hortonworks in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Hortonworks in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.45.
Shares of Hortonworks (NASDAQ:HDP) traded up 2.74% during mid-day trading on Friday, hitting $13.88. The company’s stock had a trading volume of 1,400,877 shares. The stock has a 50-day moving average of $12.49 and a 200-day moving average of $10.37. Hortonworks has a 12-month low of $6.42 and a 12-month high of $13.97. The company’s market cap is $574.17 million.
In other Hortonworks news, insider Greg Pavlik sold 18,663 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $10.56, for a total transaction of $197,081.28. Following the completion of the sale, the insider now directly owns 354,630 shares in the company, valued at $3,744,892.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott E. Gnau sold 3,857 shares of the company’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $10.43, for a total value of $40,228.51. Following the sale, the insider now owns 372,149 shares of the company’s stock, valued at $3,881,514.07. The disclosure for this sale can be found here. Insiders have sold 394,664 shares of company stock valued at $4,927,304 over the last 90 days. 26.00% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in HDP. Russell Investments Group Ltd. bought a new stake in shares of Hortonworks during the fourth quarter valued at $3,887,000. Allianz Asset Management AG increased its stake in shares of Hortonworks by 30.1% in the fourth quarter. Allianz Asset Management AG now owns 1,755,403 shares of the software maker’s stock valued at $14,587,000 after buying an additional 406,170 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Hortonworks during the first quarter valued at $198,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Hortonworks during the first quarter valued at $294,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Hortonworks by 50.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,600 shares of the software maker’s stock valued at $663,000 after buying an additional 22,600 shares during the last quarter. Institutional investors own 49.80% of the company’s stock.
Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.
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