Houghton Mifflin Harcourt Co (NASDAQ:HMHC)’s share price gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $9.42, but opened at $8.47. Houghton Mifflin Harcourt shares last traded at $8.56, with a volume of 21769 shares trading hands.
The business services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.58 by $0.12. The firm had revenue of $536.30 million during the quarter, compared to analyst estimates of $507.37 million. Houghton Mifflin Harcourt had a negative net margin of 4.35% and a negative return on equity of 14.89%. Houghton Mifflin Harcourt’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS.
Several research firms recently commented on HMHC. BidaskClub upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Morgan Stanley reduced their price objective on shares of Houghton Mifflin Harcourt from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 3rd. BMO Capital Markets upgraded shares of Houghton Mifflin Harcourt from a “market perform” rating to an “outperform” rating and set a $8.00 price target on the stock in a research note on Tuesday, October 9th. Finally, Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Houghton Mifflin Harcourt presently has an average rating of “Hold” and an average target price of $8.42.
The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.05. The company has a market cap of $852.52 million, a PE ratio of -6.66 and a beta of 0.46.
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Houghton Mifflin Harcourt Company Profile (NASDAQ:HMHC)
Houghton Mifflin Harcourt Company, a learning company, provides content, services, and technology solutions for educational institutions and consumers 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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