Houghton Mifflin Harcourt Co (HMHC) Expected to Post Quarterly Sales of $247.50 Million

Equities analysts forecast that Houghton Mifflin Harcourt Co (NASDAQ:HMHC) will announce sales of $247.50 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Houghton Mifflin Harcourt’s earnings, with the highest sales estimate coming in at $253.00 million and the lowest estimate coming in at $242.00 million. Houghton Mifflin Harcourt reported sales of $241.81 million during 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.

According to Zacks, analysts expect that Houghton Mifflin Harcourt will report full-year sales of $247.50 million for the current fiscal year, with estimates ranging from $1.36 billion to $1.40 billion. For the next financial year, analysts expect that the company 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 averages are a mean average based on a survey of sell-side analysts that follow Houghton Mifflin Harcourt.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.19. Houghton Mifflin Harcourt had a negative return on equity of 17.37% and a negative net margin of 18.59%. The business had revenue of $532.00 million for the quarter, compared to the consensus estimate of $528.40 million. During the same period last year, the business posted $0.73 EPS. The business’s revenue was down .2% compared to the same quarter last year.

A number of research analysts have recently issued reports on the company. BidaskClub downgraded Houghton Mifflin Harcourt from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 price target on shares of Houghton Mifflin Harcourt in a report on Thursday, October 19th. Citigroup cut their price target on Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, ValuEngine upgraded Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a report on Saturday, November 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.08.

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its stake in Houghton Mifflin Harcourt by 25.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock worth $106,000 after buying an additional 1,729 shares during the last quarter. D.A. Davidson & CO. grew its stake in Houghton Mifflin Harcourt by 302.6% during the 2nd quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock worth $123,000 after buying an additional 7,565 shares during the last quarter. Verition Fund Management LLC purchased a new position in Houghton Mifflin Harcourt during the 2nd quarter worth $128,000. Atria Investments LLC purchased a new position in Houghton Mifflin Harcourt during the 4th quarter worth $110,000. Finally, SG Americas Securities LLC purchased a new position in Houghton Mifflin Harcourt during the 4th quarter worth $130,000.

Houghton Mifflin Harcourt (HMHC) opened at $8.90 on Friday. Houghton Mifflin Harcourt has a fifty-two week low of $8.05 and a fifty-two week high of $13.95. The stock has a market capitalization of $1,079.16, a price-to-earnings ratio of -4.22 and a beta of 0.59. 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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