Analysts Anticipate Hortonworks Inc (HDP) Will Announce Quarterly Sales of $89.05 Million

Analysts forecast that Hortonworks Inc (NASDAQ:HDP) will announce $89.05 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Hortonworks’ earnings, with the lowest sales estimate coming in at $87.84 million and the highest estimate coming in at $90.50 million. Hortonworks posted sales of $75.01 million in the same quarter last year, which suggests a positive year over year growth rate of 18.7%. The firm is scheduled to announce its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Hortonworks will report full year sales of $341.62 million for the current fiscal year, with estimates ranging from $340.34 million to $343.10 million. For the next financial year, analysts expect that the business will report sales of $417.50 million, with estimates ranging from $405.11 million to $422.38 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hortonworks.

Hortonworks (NASDAQ:HDP) last posted its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.11. The company had revenue of $87.20 million during the quarter, compared to analysts’ expectations of $87.07 million. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.24) earnings per share.

HDP has been the subject of a number of analyst reports. Zacks Investment Research upgraded Hortonworks from a “sell” rating to a “hold” rating and set a $17.00 price target for the company in a research note on Saturday, November 10th. Nomura set a $26.00 price target on Hortonworks and gave the stock a “buy” rating in a research note on Thursday. ValuEngine lowered Hortonworks from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Citigroup set a $33.00 price target on Hortonworks and gave the stock a “buy” rating in a research note on Friday, November 9th. Finally, DA Davidson increased their price target on Hortonworks from $24.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Hortonworks has a consensus rating of “Buy” and an average price target of $26.27.

In other Hortonworks news, insider Scott E. Gnau sold 13,750 shares of the stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $16.18, for a total transaction of $222,475.00. Following the completion of the transaction, the insider now owns 324,490 shares of the company’s stock, valued at approximately $5,250,248.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Bearden sold 109,200 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $24.29, for a total transaction of $2,652,468.00. Following the transaction, the chief executive officer now directly owns 1,191,184 shares of the company’s stock, valued at approximately $28,933,859.36. The disclosure for this sale can be found here. Insiders sold a total of 552,784 shares of company stock valued at $11,460,788 in the last quarter. 15.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of Hortonworks by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,414 shares of the software maker’s stock valued at $465,000 after purchasing an additional 2,924 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Hortonworks by 13.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 29,670 shares of the software maker’s stock valued at $541,000 after purchasing an additional 3,560 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Hortonworks by 31.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,350 shares of the software maker’s stock valued at $373,000 after purchasing an additional 3,936 shares during the last quarter. BlueMountain Capital Management LLC boosted its holdings in shares of Hortonworks by 55.9% during the 3rd quarter. BlueMountain Capital Management LLC now owns 11,386 shares of the software maker’s stock valued at $260,000 after purchasing an additional 4,083 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Hortonworks by 20.5% during the 2nd quarter. Voya Investment Management LLC now owns 25,795 shares of the software maker’s stock valued at $470,000 after purchasing an additional 4,384 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

NASDAQ:HDP opened at $15.94 on Friday. The firm has a market capitalization of $1.27 billion, a PE ratio of -5.21 and a beta of 1.67. Hortonworks has a one year low of $13.63 and a one year high of $26.22.

Hortonworks Company Profile

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

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