Red Hat (NYSE:RHT) is scheduled to be announcing its earnings results after the market closes on Monday, March 26th. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Red Hat has set its Q4 guidance at approx $0.81 EPS.
Red Hat (NYSE:RHT) last posted its quarterly earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $747.98 million for the quarter, compared to analyst estimates of $734.69 million. Red Hat had a return on equity of 26.23% and a net margin of 12.14%. Red Hat’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. On average, analysts expect Red Hat to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Red Hat stock opened at $154.17 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $27,288.71, a PE ratio of 84.25, a price-to-earnings-growth ratio of 4.09 and a beta of 1.06. Red Hat has a 12-month low of $81.06 and a 12-month high of $157.22.
A number of equities research analysts have issued reports on RHT shares. Cowen reaffirmed a “buy” rating and issued a $136.00 price target on shares of Red Hat in a research report on Monday, December 11th. Royal Bank of Canada raised their target price on Red Hat to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Evercore ISI raised their target price on Red Hat to $140.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Deutsche Bank reissued a “buy” rating and set a $150.00 target price on shares of Red Hat in a research report on Wednesday, December 20th. Finally, Wells Fargo set a $144.00 target price on Red Hat and gave the stock a “buy” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the stock. Red Hat has an average rating of “Buy” and an average target price of $127.29.
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Red Hat Company Profile
Red Hat, Inc (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific.
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