Equities research analysts expect Houghton Mifflin Harcourt Company (NASDAQ:HMHC) to post $534.50 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Houghton Mifflin Harcourt’s earnings, with the highest sales estimate coming in at $539.00 million and the lowest estimate coming in at $530.00 million. Houghton Mifflin Harcourt posted sales of $533.02 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.3%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, November 2nd.
On average, analysts expect that Houghton Mifflin Harcourt will report full-year sales of $534.50 million for the current year, with estimates ranging from $1.36 billion to $1.40 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.45 billion per share, with estimates ranging from $1.39 billion to $1.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Houghton Mifflin Harcourt.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.03. The firm had revenue of $393.05 million during the quarter, compared to analysts’ expectations of $387.68 million. Houghton Mifflin Harcourt had a negative net margin of 18.60% and a negative return on equity of 16.14%. Houghton Mifflin Harcourt’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.23) EPS.
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price target on shares of Houghton Mifflin Harcourt in a report on Thursday, October 19th. Morgan Stanley reduced their price target 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. Stifel Nicolaus reissued a “hold” rating and set a $12.50 price target on shares of Houghton Mifflin Harcourt in a report on Thursday, September 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $13.00 price target on shares of Houghton Mifflin Harcourt in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. Houghton Mifflin Harcourt has an average rating of “Hold” and an average price target of $12.50.
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Shares of Houghton Mifflin Harcourt (NASDAQ:HMHC) traded down 0.243% during mid-day trading on Tuesday, reaching $10.275. 14,464 shares of the company were exchanged. The company’s 50-day moving average is $11.17 and its 200 day moving average is $11.72. The firm’s market capitalization is $1.27 billion. Houghton Mifflin Harcourt has a 12 month low of $9.15 and a 12 month high of $13.95.
Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in 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 worth $106,000 after purchasing an additional 1,729 shares during the period. D.A. Davidson & CO. lifted its holdings in Houghton Mifflin Harcourt by 302.6% in the second quarter. D.A. Davidson & CO. now owns 10,065 shares of the business services provider’s stock worth $123,000 after purchasing an additional 7,565 shares during the period. Independent Portfolio Consultants Inc. acquired a new stake in Houghton Mifflin Harcourt in the second quarter worth about $125,000. Verition Fund Management LLC acquired a new stake in Houghton Mifflin Harcourt in the second quarter worth about $128,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Houghton Mifflin Harcourt in the first quarter worth about $131,000. 99.80% of the stock is owned by institutional investors and hedge funds.
About Houghton Mifflin Harcourt
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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