Red Hat (NYSE:RHT) will be announcing its earnings results after the market closes on Thursday, June 20th. Analysts expect the company to announce 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 for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Red Hat had a net margin of 12.91% and a return on equity of 35.35%. The company had revenue of $879.00 million for the quarter, compared to the consensus estimate of $885.64 million. During the same period last year, the company posted $0.91 EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year.
RHT opened at $185.04 on Thursday. Red Hat has a 1-year low of $115.31 and a 1-year high of $186.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $32.92 billion, a PE ratio of 66.32, a P/E/G ratio of 4.07 and a beta of 0.49.
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About Red Hat
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.
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