Brokerages expect Houghton Mifflin Harcourt Co (NASDAQ:HMHC) to report $0.03 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Houghton Mifflin Harcourt’s earnings. The highest EPS estimate is $0.15 and the lowest is ($0.19). Houghton Mifflin Harcourt posted earnings of ($0.17) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 117.6%. The firm is scheduled to issue its next earnings report on Thursday, August 1st.
On average, analysts expect that Houghton Mifflin Harcourt will report full-year earnings of ($0.44) per share for the current financial year, with EPS estimates ranging from ($0.65) to ($0.26). For the next year, analysts expect that the business will post earnings of ($0.46) per share, with EPS estimates ranging from ($0.67) to ($0.07). Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Houghton Mifflin Harcourt.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.95) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.22). The business had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $201.61 million. Houghton Mifflin Harcourt had a negative return on equity of 18.18% and a negative net margin of 8.25%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.82) EPS.
Several research firms have issued reports on HMHC. BidaskClub upgraded Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 27th. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. TheStreet cut Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a research report on Friday, March 22nd. Finally, BMO Capital Markets dropped their price target on Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Houghton Mifflin Harcourt currently has an average rating of “Hold” and a consensus target price of $9.63.
In related news, Director Lawrence K. Fish acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $6.47 per share, for a total transaction of $129,400.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Anchorage Capital Group, L.L.C sold 622,320 shares of Houghton Mifflin Harcourt stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $7.75, for a total value of $4,822,980.00. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc increased its position in Houghton Mifflin Harcourt by 4.0% during the 3rd quarter. Vanguard Group Inc now owns 9,202,337 shares of the business services provider’s stock worth $64,416,000 after purchasing an additional 353,496 shares in the last quarter. Vanguard Group Inc. increased its position in Houghton Mifflin Harcourt by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,202,337 shares of the business services provider’s stock worth $64,416,000 after purchasing an additional 353,496 shares in the last quarter. BlackRock Inc. increased its position in Houghton Mifflin Harcourt by 2.2% during the 4th quarter. BlackRock Inc. now owns 7,172,290 shares of the business services provider’s stock worth $63,546,000 after purchasing an additional 151,010 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Houghton Mifflin Harcourt by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,845,396 shares of the business services provider’s stock worth $42,495,000 after purchasing an additional 369,934 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in Houghton Mifflin Harcourt by 34.3% during the 1st quarter. OppenheimerFunds Inc. now owns 2,894,872 shares of the business services provider’s stock worth $21,046,000 after purchasing an additional 739,343 shares in the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.
NASDAQ:HMHC traded up $0.25 during trading hours on Tuesday, hitting $6.71. The company’s stock had a trading volume of 712,492 shares, compared to its average volume of 752,417. The stock has a market capitalization of $809.20 million, a price-to-earnings ratio of -6.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.45. Houghton Mifflin Harcourt has a 52-week low of $5.10 and a 52-week high of $10.64.
About Houghton Mifflin Harcourt
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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