Houghton Mifflin Harcourt (NASDAQ:HMHC) is set to post its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect Houghton Mifflin Harcourt to post earnings of $0.58 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Shares of NASDAQ HMHC opened at $6.90 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.05 and a debt-to-equity ratio of 1.03. Houghton Mifflin Harcourt has a 12 month low of $5.10 and a 12 month high of $10.05. The company has a market cap of $857.46 million, a PE ratio of -5.52 and a beta of 0.46.
Several brokerages have recently commented on HMHC. BidaskClub upgraded Houghton Mifflin Harcourt from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. BMO Capital Markets upgraded Houghton Mifflin Harcourt from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a research note on Tuesday, October 9th. Finally, ValuEngine upgraded Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.42.
An institutional investor recently raised its position in Houghton Mifflin Harcourt stock. Bank of New York Mellon Corp increased its position in shares of Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 447,559 shares of the business services provider’s stock after purchasing an additional 20,678 shares during the period. Bank of New York Mellon Corp owned approximately 0.36% of Houghton Mifflin Harcourt worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 95.68% of the company’s stock.
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Houghton Mifflin Harcourt 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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