Houghton Mifflin Harcourt (NASDAQ:HMHC) issued its quarterly earnings data on Thursday. The business services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.12, Briefing.com reports. The company had revenue of $536.30 million for the quarter, compared to analysts’ expectations of $507.37 million. Houghton Mifflin Harcourt had a negative return on equity of 14.89% and a negative net margin of 4.35%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Houghton Mifflin Harcourt updated its FY 2018 guidance to EPS.
Shares of NASDAQ:HMHC traded down $0.14 during trading on Friday, hitting $8.33. The company’s stock had a trading volume of 1,103,199 shares, compared to its average volume of 574,997. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.66 and a current ratio of 1.05. Houghton Mifflin Harcourt has a fifty-two week low of $5.10 and a fifty-two week high of $10.05. The stock has a market cap of $853.76 million, a price-to-earnings ratio of -6.66 and a beta of 0.46.
Large investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new position in shares of Houghton Mifflin Harcourt in the second quarter worth about $113,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Houghton Mifflin Harcourt in the second quarter worth about $116,000. Bank of Montreal Can acquired a new position in shares of Houghton Mifflin Harcourt in the second quarter worth about $145,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Houghton Mifflin Harcourt in the third quarter worth about $197,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Houghton Mifflin Harcourt in the second quarter worth about $216,000. Institutional investors and hedge funds own 95.68% of the company’s stock.
A number of research analysts have commented on the company. ValuEngine upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research note on Thursday. 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. Finally, BMO Capital Markets upgraded Houghton Mifflin Harcourt from a “market perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Houghton Mifflin Harcourt presently has a consensus rating of “Hold” and a consensus price target of $8.42.
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About Houghton Mifflin Harcourt
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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