Zacks: Analysts Anticipate Houghton Mifflin Harcourt Learning Technology (HMHC) to Post -$0.79 Earnings Per Share

Equities research analysts predict that Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) will report earnings of ($0.79) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Houghton Mifflin Harcourt Learning Technology’s earnings, with the highest EPS estimate coming in at ($0.45) and the lowest estimate coming in at ($0.98). Houghton Mifflin Harcourt Learning Technology reported earnings of ($0.96) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The business is expected to announce its next earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Houghton Mifflin Harcourt Learning Technology will report full-year earnings of ($0.93) per share for the current year, with EPS estimates ranging from ($1.03) to ($0.74). For the next financial year, analysts expect that the business will report earnings of ($0.82) per share, with EPS estimates ranging from ($0.99) to ($0.70). Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Houghton Mifflin Harcourt Learning Technology.

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Houghton Mifflin Harcourt Learning Technology (NASDAQ:HMHC) last released its earnings results on Thursday, February 22nd. The business services provider reported ($0.70) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.22. Houghton Mifflin Harcourt Learning Technology had a negative net margin of 7.34% and a negative return on equity of 18.00%. The firm had revenue of $261.00 million during the quarter, compared to analyst estimates of $248.33 million. During the same period last year, the business earned ($1.48) earnings per share. The business’s revenue was up 7.9% on a year-over-year basis.

Several research firms have recently issued reports on HMHC. BidaskClub upgraded shares of Houghton Mifflin Harcourt Learning Technology from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 7th. Zacks Investment Research lowered shares of Houghton Mifflin Harcourt Learning Technology from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. ValuEngine lowered shares of Houghton Mifflin Harcourt Learning Technology from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $8.00 target price (down from $11.00) on shares of Houghton Mifflin Harcourt Learning Technology in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $11.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Houghton Mifflin Harcourt Learning Technology by 0.6% in the 4th quarter. BlackRock Inc. now owns 6,650,337 shares of the business services provider’s stock worth $61,848,000 after acquiring an additional 36,464 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Houghton Mifflin Harcourt Learning Technology by 81.2% in the 4th quarter. Alliancebernstein L.P. now owns 6,040,000 shares of the business services provider’s stock worth $56,172,000 after acquiring an additional 2,705,775 shares during the last quarter. WS Management Lllp raised its holdings in Houghton Mifflin Harcourt Learning Technology by 3.0% in the 3rd quarter. WS Management Lllp now owns 5,172,673 shares of the business services provider’s stock worth $62,331,000 after acquiring an additional 150,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Houghton Mifflin Harcourt Learning Technology by 15.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,827,262 shares of the business services provider’s stock worth $58,167,000 after acquiring an additional 652,936 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in Houghton Mifflin Harcourt Learning Technology by 14.9% in the 4th quarter. Burgundy Asset Management Ltd. now owns 4,717,565 shares of the business services provider’s stock worth $43,873,000 after acquiring an additional 611,018 shares during the last quarter.

HMHC stock traded down $0.25 during mid-day trading on Friday, hitting $7.20. 767,590 shares of the stock traded hands, compared to its average volume of 819,752. Houghton Mifflin Harcourt Learning Technology has a 1 year low of $6.45 and a 1 year high of $13.95. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.96.

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About Houghton Mifflin Harcourt Learning Technology

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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