Analysts Expect Hortonworks, Inc. (NASDAQ:HDP) Will Post Quarterly Sales of $60.37 Million
Wall Street analysts predict that Hortonworks, Inc. (NASDAQ:HDP) will report sales of $60.37 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Hortonworks’ earnings, with the highest sales estimate coming in at $61.10 million and the lowest estimate coming in at $59.40 million. Hortonworks reported sales of $47.52 million in the same quarter last year, which indicates a positive year-over-year growth rate of 27%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Hortonworks will report full year sales of $60.37 million for the current year, with estimates ranging from $237.64 million to $241.50 million. For the next fiscal year, analysts expect that the firm will post sales of $309.02 million per share, with estimates ranging from $287.14 million to $334.30 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Hortonworks.
Hortonworks (NASDAQ:HDP) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.87) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.87). The company had revenue of $61.83 million during the quarter, compared to analyst estimates of $57.62 million. Hortonworks had a negative net margin of 107.07% and a negative return on equity of 1,685.64%. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.72) earnings per share.
HDP has been the topic of several research reports. Cowen and Company increased their price target 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. Mizuho reaffirmed a “hold” rating and set a $14.00 price objective on shares of Hortonworks in a research note on Friday. Northland Securities reaffirmed a “buy” rating and set a $24.00 price objective on shares of Hortonworks in a research note on Monday, July 17th. Drexel Hamilton reaffirmed a “buy” rating and set a $21.00 price objective on shares of Hortonworks in a research note on Monday, May 15th. Finally, Zacks Investment Research raised shares of Hortonworks from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.54.
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Shares of Hortonworks (HDP) opened at 14.90 on Tuesday. Hortonworks has a 12 month low of $6.42 and a 12 month high of $15.08. The company’s 50-day moving average is $13.23 and its 200 day moving average is $11.32. The company’s market capitalization is $616.37 million.
In other news, insider Greg Pavlik sold 100,000 shares of Hortonworks stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $12.37, for a total transaction of $1,237,000.00. Following the transaction, the insider now owns 254,630 shares in the company, valued at approximately $3,149,773.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott Davidson sold 56,250 shares of Hortonworks stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $13.09, for a total value 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. Insiders sold a total of 452,222 shares of company stock worth $5,796,759 in the last 90 days. 26.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its position in Hortonworks by 8.1% in the second quarter. Legal & General Group Plc now owns 11,149 shares of the software maker’s stock valued at $144,000 after buying an additional 837 shares in the last quarter. American International Group Inc. raised its stake in shares of Hortonworks by 7.4% in the first quarter. American International Group Inc. now owns 24,917 shares of the software maker’s stock valued at $244,000 after buying an additional 1,723 shares during the period. Teachers Advisors LLC raised its stake in shares of Hortonworks by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 66,979 shares of the software maker’s stock valued at $557,000 after buying an additional 2,862 shares during the period. Edge Wealth Management LLC raised its stake in shares of Hortonworks by 77.2% in the second quarter. Edge Wealth Management LLC now owns 14,350 shares of the software maker’s stock valued at $182,000 after buying an additional 6,250 shares during the period. Finally, Parkwood LLC raised its stake in shares of Hortonworks by 38.6% in the first quarter. Parkwood LLC now owns 24,363 shares of the software maker’s stock valued at $239,000 after buying an additional 6,785 shares during the period. Institutional investors and hedge funds own 50.19% of the company’s stock.
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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