Houghton Mifflin Harcourt Company (HMHC) Issues Earnings Results, Beats Expectations By $0.19 EPS
Houghton Mifflin Harcourt Company (NASDAQ:HMHC) announced its quarterly earnings results on Thursday. The business services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.19, Briefing.com reports. Houghton Mifflin Harcourt had a negative return on equity of 17.51% and a negative net margin of 18.59%. The company had revenue of $532.00 million during the quarter, compared to analyst estimates of $528.40 million. During the same quarter last year, the firm posted $0.73 earnings per share. The firm’s revenue was down .2% on a year-over-year basis.
Houghton Mifflin Harcourt (HMHC) traded down $0.05 during midday trading on Friday, reaching $9.75. The company had a trading volume of 1,127,830 shares, compared to its average volume of 1,010,000. Houghton Mifflin Harcourt has a 52 week low of $9.20 and a 52 week high of $13.95. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.
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A number of analysts recently commented on HMHC shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.50 price target on shares of Houghton Mifflin Harcourt in a research note on Monday, July 10th. BidaskClub downgraded Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Thursday, July 20th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a report on Friday, August 4th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.08.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.
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