Houghton Mifflin Harcourt Co. (HMHC) Given Average Recommendation of “Hold” by Brokerages
Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) has received a consensus rating of “Hold” from the eight analysts that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $23.20.
Several analysts have issued reports on the company. Credit Suisse Group AG set a $23.00 target price on Houghton Mifflin Harcourt and gave the company a “buy” rating in a report on Saturday, October 1st. BMO Capital Markets cut Houghton Mifflin Harcourt from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $22.00 to $17.00 in a report on Friday, August 5th. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. TheStreet cut Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. Finally, Citigroup Inc. dropped their target price on Houghton Mifflin Harcourt from $29.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, August 17th.
Houghton Mifflin Harcourt (NASDAQ:HMHC) traded down 0.08% during mid-day trading on Friday, hitting $13.20. The company had a trading volume of 222,884 shares. Houghton Mifflin Harcourt has a 52-week low of $12.80 and a 52-week high of $22.01. The company’s market capitalization is $1.61 billion. The company has a 50-day moving average price of $14.43 and a 200 day moving average price of $16.73.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its earnings results on Thursday, August 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.21. The company earned $392 million during the quarter, compared to analysts’ expectations of $431.29 million. Houghton Mifflin Harcourt had a negative net margin of 10.86% and a negative return on equity of 9.44%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) earnings per share. On average, analysts forecast that Houghton Mifflin Harcourt will post ($1.28) EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio boosted its position in Houghton Mifflin Harcourt by 5.3% in the second quarter. Strs Ohio now owns 13,900 shares of the company’s stock worth $217,000 after buying an additional 700 shares in the last quarter. Nordea Investment Management AB acquired a new position in Houghton Mifflin Harcourt during the second quarter worth $1,219,000. Eagle Asset Management Inc. boosted its position in Houghton Mifflin Harcourt by 9.7% in the second quarter. Eagle Asset Management Inc. now owns 1,238,700 shares of the company’s stock worth $19,360,000 after buying an additional 109,909 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Houghton Mifflin Harcourt during the second quarter worth $519,000. Finally, Trellus Management Company LLC boosted its position in Houghton Mifflin Harcourt by 237.1% in the second quarter. Trellus Management Company LLC now owns 70,000 shares of the company’s stock worth $1,094,000 after buying an additional 49,236 shares in the last quarter.
Houghton Mifflin Harcourt Company Profile
Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a range of media. The Company operates through two segments: Education and Trade Publishing. The Education segment provides educational content, services and technology solutions to meet the diverse needs of classrooms.
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