Analysts Expect Houghton Mifflin Harcourt Co (HMHC) Will Post Quarterly Sales of $247.50 Million

Equities research analysts forecast that Houghton Mifflin Harcourt Co (NASDAQ:HMHC) will report $247.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Houghton Mifflin Harcourt’s earnings. The highest sales estimate is $253.00 million and the lowest is $242.00 million. Houghton Mifflin Harcourt posted sales of $241.81 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 22nd.

On average, analysts expect that Houghton Mifflin Harcourt will report full year sales of $247.50 million for the current fiscal year, with estimates ranging from $1.37 billion to $1.40 billion. For the next financial year, analysts forecast that the company will report sales of $1.42 billion per share, with estimates ranging from $1.37 billion to $1.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Houghton Mifflin Harcourt.

HMHC has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Tuesday, February 6th. Citigroup dropped their price objective on shares of Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Morgan Stanley dropped their price objective on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $14.00 price objective on shares of Houghton Mifflin Harcourt in a report on Friday, November 3rd. Finally, BidaskClub lowered shares of Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $12.29.

Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) opened at $7.30 on Wednesday. The firm has a market cap of $900.33, a P/E ratio of -3.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.10 and a current ratio of 1.38. Houghton Mifflin Harcourt has a fifty-two week low of $7.05 and a fifty-two week high of $13.95.

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Houghton Mifflin Harcourt by 25.1% in the second quarter. Public Employees Retirement System of Ohio now owns 8,628 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,729 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Houghton Mifflin Harcourt in the second quarter valued at approximately $128,000. Atria Investments LLC acquired a new stake in shares of Houghton Mifflin Harcourt in the fourth quarter valued at approximately $110,000. SG Americas Securities LLC acquired a new stake in shares of Houghton Mifflin Harcourt in the fourth quarter valued at approximately $130,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Houghton Mifflin Harcourt by 107.7% in the third quarter. Great West Life Assurance Co. Can now owns 16,613 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 8,613 shares in the last quarter.

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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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