Hortonworks, Inc. (NASDAQ:HDP) Expected to Post Earnings of -$0.87 Per Share
Equities research analysts expect Hortonworks, Inc. (NASDAQ:HDP) to report ($0.87) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hortonworks’ earnings. Hortonworks reported earnings per share of ($1.11) during the same quarter last year, which suggests a positive year over year growth rate of 21.6%. The company is expected to announce its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that Hortonworks will report full year earnings of ($3.35) per share for the current financial year, with EPS estimates ranging from ($3.38) to ($3.31). For the next financial year, analysts forecast that the business will report earnings of ($2.37) per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Hortonworks.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.88) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.93) by $0.05. The company had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $52.21 million. Hortonworks had a negative net margin of 120.94% and a negative return on equity of 765.37%. The business’s revenue was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.68) EPS.
A number of equities research analysts have weighed in on HDP shares. Craig Hallum started coverage on shares of Hortonworks in a report on Monday. They issued a “buy” rating on the stock. Northland Securities restated a “buy” rating and issued a $24.00 price objective on shares of Hortonworks in a report on Monday. Sanford C. Bernstein restated an “outperform” rating and issued a $21.00 price objective on shares of Hortonworks in a report on Friday. Zacks Investment Research upgraded shares of Hortonworks from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Cowen and Company upped their price objective on shares of Hortonworks from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $16.17.
In related news, insider Greg Pavlik sold 35,416 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $10.15, for a total transaction of $359,472.40. Following the transaction, the insider now owns 354,630 shares in the company, valued at $3,599,494.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott Davidson sold 56,250 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $13.09, for a total transaction of $736,312.50. Following the transaction, the chief financial officer now owns 718,382 shares in the company, valued at approximately $9,403,620.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 437,457 shares of company stock worth $5,466,747. Insiders own 26.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HDP. Vanguard Group Inc. boosted its stake in shares of Hortonworks by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,868,168 shares of the software maker’s stock worth $28,137,000 after buying an additional 73,656 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Hortonworks by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,239,874 shares of the software maker’s stock worth $12,076,000 after buying an additional 85,376 shares during the period. State Street Corp boosted its stake in shares of Hortonworks by 4.8% in the fourth quarter. State Street Corp now owns 663,216 shares of the software maker’s stock worth $5,509,000 after buying an additional 30,180 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Hortonworks by 21.2% in the first quarter. Russell Investments Group Ltd. now owns 577,824 shares of the software maker’s stock worth $5,668,000 after buying an additional 100,953 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Hortonworks by 20.2% in the first quarter. Geode Capital Management LLC now owns 364,550 shares of the software maker’s stock worth $3,576,000 after buying an additional 61,286 shares during the period. 49.78% of the stock is owned by institutional investors and hedge funds.
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Hortonworks (NASDAQ:HDP) traded up 11.404% during trading on Monday, hitting $14.839. 362,682 shares of the stock were exchanged. The stock’s market cap is $613.84 million. The stock has a 50 day moving average of $12.97 and a 200-day moving average of $10.59. Hortonworks has a 52 week low of $6.42 and a 52 week high of $14.84.
Hortonworks Company Profile
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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