-$0.87 Earnings Per Share Expected for Hortonworks, Inc. (HDP) This Quarter

Analysts forecast that Hortonworks, Inc. (NASDAQ:HDP) will report ($0.87) earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Hortonworks’ earnings. Hortonworks posted earnings per share of ($1.11) in the same quarter last year, which suggests a positive year-over-year growth rate of 21.6%. The business is expected to issue its next quarterly earnings report on Thursday, August 3rd.

On average, analysts expect that Hortonworks will report full year earnings of ($3.35) per share for the current financial year, with EPS estimates ranging from ($3.38) to ($3.31). For the next year, analysts expect that the firm will post earnings of ($2.37) per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Hortonworks.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, May 4th. The software maker reported ($0.88) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.93) by $0.05. The business had revenue of $55.97 million for the quarter, compared to the consensus estimate of $52.21 million. Hortonworks had a negative return on equity of 765.37% and a negative net margin of 120.94%. The business’s revenue was up 35.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.68) EPS.

A number of research firms have recently weighed in on HDP. Drexel Hamilton reissued a “buy” rating and issued a $21.00 price target on shares of Hortonworks in a research note on Wednesday, June 14th. Wunderlich raised their price objective on Hortonworks from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. Sanford C. Bernstein assumed coverage on Hortonworks in a report on Wednesday, May 24th. They issued an “outperform” rating and a $21.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Hortonworks in a report on Monday, June 12th. Finally, Cowen and Company raised their price objective on Hortonworks from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.45.

Shares of Hortonworks (HDP) traded up 2.74% during mid-day trading on Wednesday, reaching $13.88. The company’s stock had a trading volume of 1,401,470 shares. Hortonworks has a 12 month low of $6.42 and a 12 month high of $13.97. The firm’s market capitalization is $574.17 million. The company has a 50 day moving average of $12.49 and a 200-day moving average of $10.37.

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In other news, insider Greg Pavlik sold 100,000 shares of Hortonworks stock in a transaction on Wednesday, May 31st. The shares were 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 $3,149,773.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shaun Connolly sold 54,313 shares of Hortonworks stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $13.23, for a total transaction of $718,560.99. Following the transaction, the insider now owns 452,969 shares in the company, valued at approximately $5,992,779.87. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 394,664 shares of company stock worth $4,927,304. Insiders own 26.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Princeton Alpha Management LP purchased a new position in Hortonworks during the first quarter valued at about $110,000. Oppenheimer Asset Management Inc. bought a new position in shares of Hortonworks during the first quarter valued at $117,000. FNY Partners Fund LP bought a new position in shares of Hortonworks during the first quarter valued at $117,000. Ellington Management Group LLC bought a new position in shares of Hortonworks during the fourth quarter valued at $112,000. Finally, Bayesian Capital Management LP bought a new position in shares of Hortonworks during the fourth quarter valued at $154,000. Institutional investors own 49.80% of the company’s stock.

About Hortonworks

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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