Houghton Mifflin Harcourt Co (HMHC) Expected to Announce Earnings of -$0.73 Per Share

Equities analysts expect that Houghton Mifflin Harcourt Co (NASDAQ:HMHC) will post earnings of ($0.73) per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Houghton Mifflin Harcourt’s earnings, with the highest EPS estimate coming in at ($0.60) and the lowest estimate coming in at ($0.86). Houghton Mifflin Harcourt reported earnings per share of ($0.79) in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, May 9th.

According to Zacks, analysts expect that Houghton Mifflin Harcourt will report full-year earnings of ($0.57) per share for the current fiscal year, with EPS estimates ranging from ($1.11) to ($0.06). For the next year, analysts anticipate that the company will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.67) to ($0.09). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Houghton Mifflin Harcourt.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its earnings results on Thursday, February 28th. The business services provider reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.03). The business had revenue of $249.04 million during the quarter, compared to analysts’ expectations of $234.53 million. Houghton Mifflin Harcourt had a negative return on equity of 15.82% and a negative net margin of 6.92%.

HMHC has been the topic of a number of analyst reports. BidaskClub cut shares of Houghton Mifflin Harcourt from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 9th. TheStreet cut shares of Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Finally, BMO Capital Markets decreased their price objective on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, March 4th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.63.

In other Houghton Mifflin Harcourt news, major shareholder Anchorage Capital Group, L.L.C sold 622,320 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $7.75, for a total value of $4,822,980.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.69% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HMHC. BlackRock Inc. increased its position in shares of Houghton Mifflin Harcourt by 0.3% during the third quarter. BlackRock Inc. now owns 7,021,280 shares of the business services provider’s stock valued at $49,150,000 after buying an additional 19,608 shares during the period. JPMorgan Chase & Co. increased its position in shares of Houghton Mifflin Harcourt by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 2,243,773 shares of the business services provider’s stock valued at $15,706,000 after buying an additional 58,993 shares during the period. Renaissance Technologies LLC increased its position in shares of Houghton Mifflin Harcourt by 21.3% during the third quarter. Renaissance Technologies LLC now owns 78,699 shares of the business services provider’s stock valued at $551,000 after buying an additional 13,799 shares during the period. MetLife Investment Advisors LLC increased its position in shares of Houghton Mifflin Harcourt by 19.6% during the third quarter. MetLife Investment Advisors LLC now owns 58,244 shares of the business services provider’s stock valued at $408,000 after buying an additional 9,534 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Houghton Mifflin Harcourt by 5.4% during the third quarter. Teachers Advisors LLC now owns 276,750 shares of the business services provider’s stock valued at $1,937,000 after buying an additional 14,144 shares during the period. Institutional investors own 94.55% of the company’s stock.

Shares of NASDAQ:HMHC opened at $8.10 on Tuesday. The firm has a market capitalization of $1.01 billion, a P/E ratio of -7.64 and a beta of 0.79. Houghton Mifflin Harcourt has a 52 week low of $5.10 and a 52 week high of $10.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.45.

Houghton Mifflin Harcourt Company Profile

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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