-$0.79 Earnings Per Share Expected for Houghton Mifflin Harcourt Learning Technology (HMHC) This Quarter

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

On average, analysts expect that Houghton Mifflin Harcourt Learning Technology will report full year earnings of ($0.93) per share for the current fiscal year, with EPS estimates ranging from ($1.03) to ($0.74). For the next financial year, analysts forecast that the business will post earnings of ($0.82) per share, with EPS estimates ranging from ($0.99) to ($0.70). Zacks’ EPS averages are an average based on a survey of research analysts that follow Houghton Mifflin Harcourt Learning Technology.

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

Several research firms recently issued reports on HMHC. BidaskClub lowered shares of Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered shares of Houghton Mifflin Harcourt Learning Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. ValuEngine lowered shares of Houghton Mifflin Harcourt Learning Technology from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $8.00 price objective (down previously from $11.00) on shares of Houghton Mifflin Harcourt Learning Technology in a research note on Friday, February 23rd. Finally, Goldman Sachs initiated coverage on shares of Houghton Mifflin Harcourt Learning Technology in a research note on Tuesday, March 27th. They issued a “sell” rating and a $6.50 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.79.

NASDAQ HMHC opened at $7.25 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.96. Houghton Mifflin Harcourt Learning Technology has a 1 year low of $6.20 and a 1 year high of $13.95.

A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in Houghton Mifflin Harcourt Learning Technology by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,729,839 shares of the business services provider’s stock valued at $20,843,000 after purchasing an additional 7,247 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in Houghton Mifflin Harcourt Learning Technology by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 1,218,503 shares of the business services provider’s stock valued at $11,332,000 after purchasing an additional 7,551 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Houghton Mifflin Harcourt Learning Technology by 65.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 20,874 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 8,273 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Houghton Mifflin Harcourt Learning Technology by 107.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 16,613 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 8,613 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Houghton Mifflin Harcourt Learning Technology in the 4th quarter valued at approximately $104,000.

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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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