$218.69 Million in Sales Expected for Houghton Mifflin Harcourt Co (HMHC) This Quarter


Brokerages expect Houghton Mifflin Harcourt Co (NASDAQ:HMHC) to post $218.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Houghton Mifflin Harcourt’s earnings, with the highest sales estimate coming in at $225.80 million and the lowest estimate coming in at $208.70 million. Houghton Mifflin Harcourt posted sales of $219.77 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.5%. The company is scheduled to report its next earnings report on Thursday, May 2nd.

On average, analysts expect that Houghton Mifflin Harcourt will report full-year sales of $1.44 billion for the current year, with estimates ranging from $1.40 billion to $1.48 billion. For the next year, analysts expect that the business will report sales of $1.45 billion, with estimates ranging from $1.41 billion to $1.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Houghton Mifflin Harcourt.


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Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings data on Thursday, February 28th. The business services provider reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.03). Houghton Mifflin Harcourt had a negative net margin of 4.69% and a negative return on equity of 15.66%.

A number of research analysts have recently commented on HMHC shares. BidaskClub lowered shares of Houghton Mifflin Harcourt from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 9th. TheStreet raised shares of Houghton Mifflin Harcourt from a “d” rating to a “c-” rating in a research report on Wednesday, November 28th. BMO Capital Markets cut their price objective on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday. ValuEngine raised shares of Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research lowered shares of Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.00.


Shares of HMHC traded down $0.11 during trading hours on Friday, reaching $7.79. 1,160,682 shares of the company traded hands, compared to its average volume of 735,941. The firm has a market capitalization of $1.12 billion, a P/E ratio of -7.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.48. Houghton Mifflin Harcourt has a 1-year low of $5.10 and a 1-year high of $10.64.

In related news, major shareholder Anchorage Capital Group, L.L.C sold 622,320 shares of the 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.07% of the company’s stock.


Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Houghton Mifflin Harcourt by 70.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,048 shares of the business services provider’s stock worth $71,000 after purchasing an additional 3,317 shares in the last quarter. PEAK6 Investments LLC acquired a new position in Houghton Mifflin Harcourt in the fourth quarter worth about $109,000. SG Americas Securities LLC acquired a new position in Houghton Mifflin Harcourt in the fourth quarter worth about $110,000. Stone Run Capital LLC acquired a new position in Houghton Mifflin Harcourt in the third quarter worth about $119,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Houghton Mifflin Harcourt during the fourth quarter worth about $157,000. 92.61% of the stock is owned by hedge funds and other institutional investors.


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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