Hortonworks Inc (HDP) Expected to Announce Quarterly Sales of $87.19 Million

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Analysts expect Hortonworks Inc (NASDAQ:HDP) to post $87.19 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Hortonworks’ earnings, with the highest sales estimate coming in at $87.50 million and the lowest estimate coming in at $87.06 million. Hortonworks reported sales of $69.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 26.4%. The company is expected to issue its next earnings results after the market closes on Thursday, November 8th.

On average, analysts expect that Hortonworks will report full-year sales of $341.75 million for the current year, with estimates ranging from $340.34 million to $343.40 million. For the next fiscal year, analysts anticipate that the firm will post sales of $419.18 million, with estimates ranging from $405.11 million to $426.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Hortonworks.

Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. The business had revenue of $86.34 million for the quarter, compared to analyst estimates of $80.34 million.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine cut shares of Hortonworks from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Needham & Company LLC lifted their price target on shares of Hortonworks from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. BTIG Research assumed coverage on shares of Hortonworks in a research report on Wednesday, September 12th. They set a “buy” rating on the stock. Finally, Citigroup assumed coverage on shares of Hortonworks in a research report on Thursday, June 28th. They set a “buy” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $26.04.

In related news, insider Scott Reasoner sold 3,126 shares of Hortonworks stock in a transaction on Monday, September 17th. The shares were sold at an average price of $25.02, for a total value of $78,212.52. Following the completion of the sale, the insider now owns 183,686 shares in the company, valued at $4,595,823.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Bearden sold 81,652 shares of Hortonworks stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $20.10, for a total transaction of $1,641,205.20. Following the completion of the sale, the chief executive officer now owns 1,191,184 shares of the company’s stock, valued at approximately $23,942,798.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,170,406 shares of company stock worth $25,261,114. Corporate insiders own 15.60% of the company’s stock.

Several large investors have recently modified their holdings of HDP. Schwab Charles Investment Management Inc. grew its holdings in shares of Hortonworks by 5.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 246,695 shares of the software maker’s stock worth $5,026,000 after acquiring an additional 11,924 shares during the period. Northern Trust Corp grew its holdings in shares of Hortonworks by 2.7% during the 1st quarter. Northern Trust Corp now owns 599,284 shares of the software maker’s stock worth $12,206,000 after acquiring an additional 15,983 shares during the period. BlackRock Inc. grew its holdings in shares of Hortonworks by 10.7% during the 1st quarter. BlackRock Inc. now owns 3,464,798 shares of the software maker’s stock worth $70,578,000 after acquiring an additional 333,763 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hortonworks by 77.3% during the 1st quarter. JPMorgan Chase & Co. now owns 208,941 shares of the software maker’s stock worth $4,257,000 after acquiring an additional 91,092 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Hortonworks by 14.6% during the 1st quarter. Russell Investments Group Ltd. now owns 67,748 shares of the software maker’s stock worth $1,380,000 after acquiring an additional 8,646 shares during the period. Institutional investors and hedge funds own 79.52% of the company’s stock.

HDP stock traded down $0.55 during midday trading on Friday, reaching $16.97. 1,444,000 shares of the company’s stock traded hands, compared to its average volume of 1,149,585. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -5.55 and a beta of 1.51. Hortonworks has a fifty-two week low of $15.50 and a fifty-two week 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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