Houghton Mifflin Harcourt Co (NASDAQ:HMHC) – Analysts at Piper Jaffray Companies increased their Q3 2020 earnings per share estimates for Houghton Mifflin Harcourt in a note issued to investors on Thursday, April 4th. Piper Jaffray Companies analyst P. Appert now anticipates that the business services provider will post earnings of $0.86 per share for the quarter, up from their previous estimate of $0.79.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings data on Thursday, February 28th. The business services provider reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.03). Houghton Mifflin Harcourt had a negative net margin of 6.92% and a negative return on equity of 15.82%.
Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 27th. 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. TheStreet cut shares of Houghton Mifflin Harcourt from a “c-” rating to a “d” rating in a research note on Friday, March 22nd. Finally, BMO Capital Markets dropped their target price on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.63.
Shares of NASDAQ:HMHC opened at $7.39 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. Houghton Mifflin Harcourt has a 1-year low of $5.10 and a 1-year high of $10.64. The company has a market cap of $917.18 million, a price-to-earnings ratio of -6.97 and a beta of 0.81.
A number of hedge funds and other institutional investors have recently bought and sold shares of HMHC. Norges Bank bought a new stake in shares of Houghton Mifflin Harcourt during the fourth quarter valued at approximately $16,439,000. Dimensional Fund Advisors LP boosted its position in shares of Houghton Mifflin Harcourt by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 5,553,983 shares of the business services provider’s stock worth $38,878,000 after acquiring an additional 441,905 shares during the last quarter. Millennium Management LLC grew its stake in Houghton Mifflin Harcourt by 139.2% during the fourth quarter. Millennium Management LLC now owns 695,399 shares of the business services provider’s stock valued at $6,161,000 after acquiring an additional 404,669 shares in the last quarter. Vanguard Group Inc grew its stake in Houghton Mifflin Harcourt by 4.0% during the third quarter. Vanguard Group Inc now owns 9,202,337 shares of the business services provider’s stock valued at $64,416,000 after acquiring an additional 353,496 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Houghton Mifflin Harcourt by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,202,337 shares of the business services provider’s stock valued at $64,416,000 after acquiring an additional 353,496 shares during the last quarter. 95.17% of the stock is currently owned by institutional investors.
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 stock was sold at an average price of $7.75, for a total transaction of $4,822,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.07% of the company’s stock.
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.
Receive News & Ratings for Houghton Mifflin Harcourt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houghton Mifflin Harcourt and related companies with MarketBeat.com's FREE daily email newsletter.