Houghton Mifflin Harcourt Company (HMHC) Receives Consensus Recommendation of “Hold” from Analysts

Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.17.

Several analysts have weighed in on the stock. BidaskClub cut shares of Houghton Mifflin Harcourt from a “sell” rating to a “strong sell” rating in a research note on Saturday. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a research note on Friday, August 4th. Zacks Investment Research cut shares of Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $12.50 price objective on shares of Houghton Mifflin Harcourt in a research note on Monday, July 10th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Houghton Mifflin Harcourt during the fourth quarter valued at approximately $13,930,000. Teachers Advisors LLC raised its position in Houghton Mifflin Harcourt by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 231,981 shares of the business services provider’s stock valued at $2,517,000 after buying an additional 14,516 shares in the last quarter. Peregrine Capital Management LLC raised its position in Houghton Mifflin Harcourt by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,173,416 shares of the business services provider’s stock valued at $11,030,000 after buying an additional 81,155 shares in the last quarter. Bank of Montreal Can purchased a new position in Houghton Mifflin Harcourt during the first quarter valued at approximately $111,000. Finally, Wells Fargo & Company MN raised its position in Houghton Mifflin Harcourt by 19.1% in the first quarter. Wells Fargo & Company MN now owns 2,864,154 shares of the business services provider’s stock valued at $29,072,000 after buying an additional 459,828 shares in the last quarter.

Houghton Mifflin Harcourt (HMHC) remained flat at $11.25 during mid-day trading on Friday. 1,047,953 shares of the stock were exchanged. The stock’s market cap is $1.39 billion. The stock has a 50-day moving average of $12.22 and a 200 day moving average of $11.46. Houghton Mifflin Harcourt has a one year low of $9.15 and a one year high of $16.18.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. Houghton Mifflin Harcourt had a negative net margin of 18.60% and a negative return on equity of 16.14%. The business had revenue of $393.05 million during the quarter, compared to analysts’ expectations of $387.68 million. During the same quarter in the previous year, the company earned ($0.23) EPS. The business’s revenue was up .3% on a year-over-year basis. Equities analysts anticipate that Houghton Mifflin Harcourt will post ($1.55) earnings per share for the current year.

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About Houghton Mifflin Harcourt

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. As of December 31, 2016, the Company delivered content, services and technology to both educational institutions and consumers, reaching over 50 million students in approximately 150 countries across the world.

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