Brokerages Anticipate Houghton Mifflin Harcourt Learning Technology (HMHC) to Announce -$0.79 EPS

Wall Street analysts expect Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) to announce earnings of ($0.79) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Houghton Mifflin Harcourt Learning Technology’s earnings, with the highest EPS estimate coming in at ($0.45) and the lowest estimate coming in at ($0.98). Houghton Mifflin Harcourt Learning Technology reported earnings per share of ($0.96) during the same quarter last year, which suggests a positive year over year growth rate of 17.7%. The company is scheduled to report its next earnings report on Thursday, May 3rd.

On average, analysts expect that Houghton Mifflin Harcourt Learning Technology will report full year earnings of ($0.93) per share for the current financial year, with EPS estimates ranging from ($1.03) to ($0.74). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.82) per share, with EPS estimates ranging from ($0.99) to ($0.70). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Houghton Mifflin Harcourt Learning Technology.

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Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported ($0.70) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.22. Houghton Mifflin Harcourt Learning Technology had a negative return on equity of 18.00% and a negative net margin of 7.34%. The firm had revenue of $261.00 million during the quarter, compared to analyst estimates of $248.33 million. During the same period last year, the company posted ($1.48) EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis.

Several research analysts have recently weighed in on HMHC shares. BidaskClub lowered Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. ValuEngine lowered Houghton Mifflin Harcourt Learning Technology from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $8.00 target price (down from $11.00) on shares of Houghton Mifflin Harcourt Learning Technology in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $10.79.

A number of institutional investors have recently modified their holdings of HMHC. New York State Common Retirement Fund increased its position in Houghton Mifflin Harcourt Learning Technology by 5.7% in the 3rd quarter. New York State Common Retirement Fund now owns 1,328,903 shares of the business services provider’s stock valued at $16,013,000 after buying an additional 71,440 shares in the last quarter. Ameriprise Financial Inc. increased its position in Houghton Mifflin Harcourt Learning Technology by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,729,839 shares of the business services provider’s stock valued at $20,843,000 after buying an additional 7,247 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Houghton Mifflin Harcourt Learning Technology by 107.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 16,613 shares of the business services provider’s stock valued at $199,000 after buying an additional 8,613 shares in the last quarter. JPMorgan Chase & Co. increased its position in Houghton Mifflin Harcourt Learning Technology by 44.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,030,954 shares of the business services provider’s stock valued at $12,372,000 after buying an additional 319,315 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Houghton Mifflin Harcourt Learning Technology by 6.9% in the 3rd quarter. Wells Fargo & Company MN now owns 2,684,278 shares of the business services provider’s stock valued at $32,345,000 after buying an additional 173,581 shares in the last quarter.

HMHC stock opened at $7.25 on Wednesday. Houghton Mifflin Harcourt Learning Technology has a 1-year low of $6.20 and a 1-year high of $13.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.23 and a quick ratio of 0.93. The stock has a market capitalization of $889.05, a PE ratio of -5.80 and a beta of 0.59.

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Houghton Mifflin Harcourt Learning Technology Company Profile

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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