HMH (NASDAQ:HMH) Announces Earnings Results

HMH (NASDAQ:HMH) issued its earnings results on Wednesday. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.14), Zacks reports. The business had revenue of $171.08 million during the quarter.

HMH Stock Down 8.4%

HMH stock traded down $1.00 during mid-day trading on Friday, reaching $10.94. 639,519 shares of the company were exchanged, compared to its average volume of 268,142. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97. The firm has a market cap of $480.64 million and a P/E ratio of 26.05. The business has a fifty day moving average of $18.52 and a 200 day moving average of $19.64. HMH has a 12-month low of $10.83 and a 12-month high of $24.50.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered HMH from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Friday. Evercore set a $24.00 price objective on shares of HMH in a research note on Friday, August 7th. Stifel Nicolaus increased their target price on shares of HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Zacks Research raised shares of HMH from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $25.80.

HMH Company Profile

We are a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide.