Zacks: Brokerages Expect Houghton Mifflin Harcourt Co (NASDAQ:HMHC) Will Post Earnings of $0.68 Per Share

Equities research analysts forecast that Houghton Mifflin Harcourt Co (NASDAQ:HMHC) will report earnings of $0.68 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Houghton Mifflin Harcourt’s earnings, with estimates ranging from $0.33 to $1.05. Houghton Mifflin Harcourt also reported earnings of $0.68 per share in the same quarter last year. The business is scheduled to announce its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Houghton Mifflin Harcourt will report full year earnings of ($0.79) per share for the current fiscal year, with EPS estimates ranging from ($1.31) to ($0.26). For the next financial year, analysts forecast that the business will report earnings of ($0.63) per share, with EPS estimates ranging from ($1.12) to ($0.07). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Houghton Mifflin Harcourt.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $388.90 million for the quarter, compared to the consensus estimate of $399.91 million. Houghton Mifflin Harcourt had a negative net margin of 9.46% and a negative return on equity of 15.65%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) earnings per share.

HMHC has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup decreased their target price on shares of Houghton Mifflin Harcourt from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Finally, BidaskClub upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HMHC. Private Capital Group LLC raised its stake in Houghton Mifflin Harcourt by 91.3% during the 1st quarter. Private Capital Group LLC now owns 4,400 shares of the business services provider’s stock worth $32,000 after acquiring an additional 2,100 shares during the period. Aperio Group LLC bought a new stake in Houghton Mifflin Harcourt during the 2nd quarter worth approximately $41,000. Envestnet Asset Management Inc. bought a new stake in Houghton Mifflin Harcourt during the 2nd quarter worth approximately $63,000. Signition LP bought a new stake in Houghton Mifflin Harcourt during the 1st quarter worth approximately $84,000. Finally, Menta Capital LLC bought a new stake in Houghton Mifflin Harcourt during the 1st quarter worth approximately $94,000. Institutional investors own 94.88% of the company’s stock.

Shares of HMHC traded down $0.02 on Tuesday, reaching $5.49. The company’s stock had a trading volume of 477,191 shares, compared to its average volume of 719,134. Houghton Mifflin Harcourt has a 12-month low of $4.72 and a 12-month high of $10.64. The stock has a market capitalization of $681.37 million, a PE ratio of -5.18 and a beta of 0.92. The company’s 50 day moving average price is $5.56. The company has a quick ratio of 0.63, a current ratio of 1.20 and a debt-to-equity ratio of 1.37.

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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Earnings History and Estimates for Houghton Mifflin Harcourt (NASDAQ:HMHC)

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