Shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) have been assigned an average rating of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $7.17.
HMHC has been the subject of a number of research analyst reports. BidaskClub raised Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating in a report on Friday, October 25th. ValuEngine raised Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Friday, September 20th. BMO Capital Markets reduced their target price on Houghton Mifflin Harcourt from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Zacks Investment Research cut Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Citigroup reduced their target price on Houghton Mifflin Harcourt from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, July 16th.
Shares of Houghton Mifflin Harcourt stock traded down $0.13 during mid-day trading on Friday, reaching $6.21. 486,800 shares of the stock traded hands, compared to its average volume of 704,658. The business has a 50-day moving average of $5.57 and a 200 day moving average of $5.88. Houghton Mifflin Harcourt has a fifty-two week low of $4.49 and a fifty-two week high of $10.64. The stock has a market capitalization of $811.88 million, a PE ratio of -5.87 and a beta of 0.90. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 1.30.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its earnings results on Thursday, October 31st. The business services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.07). Houghton Mifflin Harcourt had a negative net margin of 10.34% and a negative return on equity of 19.29%. The firm had revenue of $565.67 million for the quarter, compared to analyst estimates of $581.22 million. During the same period in the previous year, the company earned $0.68 EPS. Houghton Mifflin Harcourt’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Houghton Mifflin Harcourt will post -1.68 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of HMHC. Amundi Pioneer Asset Management Inc. grew its position in shares of Houghton Mifflin Harcourt by 195.9% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 52,381 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 34,681 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Houghton Mifflin Harcourt by 239.8% in the second quarter. SG Americas Securities LLC now owns 99,432 shares of the business services provider’s stock valued at $573,000 after purchasing an additional 70,168 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Houghton Mifflin Harcourt in the second quarter valued at approximately $955,000. Alpha Windward LLC purchased a new stake in shares of Houghton Mifflin Harcourt in the second quarter valued at approximately $383,000. Finally, Aperio Group LLC purchased a new stake in shares of Houghton Mifflin Harcourt in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 95.64% of the company’s stock.
Houghton Mifflin Harcourt Company Profile
Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services worldwide. The company operates in two segments, Education and Trade Publishing. The Education segment provides educational products, technology platforms, and services, including print and digital content in the form of textbooks, digital courseware, instructional aids, educational assessment, and intervention solutions for students.
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