Harte-Hanks Stock Rating Upgraded by TheStreet (HHS)
Harte-Hanks (NYSE:HHS) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports.
The analysts wrote, “Harte-Hanks (HHS) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.”
Shares of Harte-Hanks (NYSE:HHS) traded up 1.42% during mid-day trading on Thursday, hitting $9.29. The stock had a trading volume of 141,243 shares. Harte-Hanks has a 52-week low of $5.14 and a 52-week high of $10.12. The stock’s 50-day moving average is $9.54 and its 200-day moving average is $8.44. The company has a market cap of $580.9 million and a price-to-earnings ratio of 16.65.
Harte-Hanks (NYSE:HHS) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $188.26 million for the quarter, compared to the consensus estimate of $185.35 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts expect that Harte-Hanks will post $0.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.09 per share. This represents a $0.34 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, August 28th.
Harte-Hanks, Inc (NYSE:HHS) is a worldwide direct and marketing company that provides direct marketing services and shopper advertising opportunities to a range of local, regional, national and international consumer and business-to-business marketers.
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