HMH (NASDAQ:HMH – Get Free Report) announced its earnings results on Wednesday. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.19, FiscalAI reports. The company had revenue of $170.82 million for the quarter.
HMH Stock Up 0.9%
Shares of HMH traded up $0.17 during midday trading on Friday, reaching $20.10. 47,572 shares of the stock were exchanged, compared to its average volume of 318,616. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.81 and a quick ratio of 1.68. HMH has a 12-month low of $16.32 and a 12-month high of $24.50. The business has a 50 day simple moving average of $19.89.
Analyst Upgrades and Downgrades
HMH has been the topic of a number of analyst reports. Stifel Nicolaus started coverage on HMH in a research note on Monday, April 27th. They issued a “buy” rating and a $27.00 price target on the stock. Piper Sandler started coverage on shares of HMH in a report on Monday, April 27th. They issued an “overweight” rating and a $32.00 target price for the company. Pickering Energy Partners initiated coverage on shares of HMH in a research report on Monday, April 27th. They issued an “outperform” rating on the stock. Evercore set a $24.00 price target on shares of HMH in a report on Friday. Finally, Citigroup initiated coverage on shares of HMH in a research note on Sunday, April 26th. They issued a “buy” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $27.80.
About HMH
Houghton Mifflin Harcourt (HMH) is an education and learning company that produces curricular content, instructional materials, assessment tools and digital learning platforms primarily for the K–12 market. The company develops and licenses print and digital resources designed to support classroom instruction, remote and blended learning, and student assessment across a range of subjects and grade levels.
HMH’s offerings include core and supplemental curricula, adaptive and online learning technologies, formative and summative assessments, and professional development services for educators.
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