Brokerages predict that Houghton Mifflin Harcourt Co (NASDAQ:HMHC) will report sales of $247.50 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Houghton Mifflin Harcourt’s earnings, with estimates ranging from $242.00 million to $253.00 million. Houghton Mifflin Harcourt reported sales of $241.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Houghton Mifflin Harcourt will report full year sales of $247.50 million for the current year, with estimates ranging from $1.36 billion to $1.40 billion. For the next year, analysts forecast that the firm will post sales of $1.43 billion per share, with estimates ranging from $1.39 billion to $1.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Houghton Mifflin Harcourt.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its earnings results on Thursday, November 2nd. The business services provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.19. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $528.40 million. Houghton Mifflin Harcourt had a negative return on equity of 17.37% and a negative net margin of 18.59%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.73 EPS.

Several equities research analysts have recently commented on the company. Zacks Investment Research cut Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. BidaskClub cut Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $13.00 target price on shares of Houghton Mifflin Harcourt in a research note on Thursday, October 19th. Stifel Nicolaus reissued a “hold” rating and issued a $12.50 target price on shares of Houghton Mifflin Harcourt in a research note on Thursday, September 21st. Finally, Morgan Stanley decreased their price objective on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $13.08.

Several institutional investors have recently made changes to their positions in HMHC. Burgundy Asset Management Ltd. grew its stake in shares of Houghton Mifflin Harcourt by 140.8% during the third quarter. Burgundy Asset Management Ltd. now owns 4,106,547 shares of the business services provider’s stock worth $49,484,000 after purchasing an additional 2,401,362 shares during the period. Rivulet Capital LLC grew its stake in shares of Houghton Mifflin Harcourt by 34.8% during the second quarter. Rivulet Capital LLC now owns 4,252,257 shares of the business services provider’s stock worth $52,303,000 after purchasing an additional 1,096,900 shares during the period. GMT Capital Corp acquired a new stake in shares of Houghton Mifflin Harcourt during the second quarter worth $11,142,000. Cloverdale Capital Management LLC acquired a new stake in shares of Houghton Mifflin Harcourt during the second quarter worth $11,311,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Houghton Mifflin Harcourt by 15.6% during the third quarter. Bank of New York Mellon Corp now owns 4,827,262 shares of the business services provider’s stock worth $58,167,000 after purchasing an additional 652,936 shares during the period.

Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) opened at $9.10 on Thursday. The company has a market capitalization of $1,120.00, a price-to-earnings ratio of -4.31 and a beta of 0.59. Houghton Mifflin Harcourt has a 52 week low of $8.05 and a 52 week high of $13.95. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.10.

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Houghton Mifflin Harcourt Company Profile

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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