Red Hat (NYSE:RHT) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, June 20th. Analysts expect Red Hat to post earnings of $0.63 per share for the quarter.
Red Hat (NYSE:RHT) last posted its quarterly earnings results on Monday, March 25th. The open-source software company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.15. Red Hat had a net margin of 12.91% and a return on equity of 35.35%. The firm had revenue of $879.00 million for the quarter, compared to analyst estimates of $885.64 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year.
NYSE RHT opened at $185.04 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.27 and a current ratio of 1.27. Red Hat has a 1 year low of $115.31 and a 1 year high of $186.36. The firm has a market cap of $32.92 billion, a price-to-earnings ratio of 66.32, a PEG ratio of 4.07 and a beta of 0.49.
Separately, ValuEngine lowered shares of Red Hat from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $168.33.
Red Hat Company Profile
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. 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 customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications.
Featured Story: Marijuana Stocks Investing Considerations
Receive News & Ratings for Red Hat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Hat and related companies with MarketBeat.com's FREE daily email newsletter.