Houghton Mifflin Harcourt Co (HMHC) Expected to Announce Quarterly Sales of $247.50 Million
Equities research analysts forecast that Houghton Mifflin Harcourt Co (NASDAQ:HMHC) will report $247.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Houghton Mifflin Harcourt’s earnings. The highest sales estimate is $253.00 million and the lowest is $242.00 million. Houghton Mifflin Harcourt posted sales of $241.81 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Houghton Mifflin Harcourt will report full year sales of $247.50 million for the current fiscal year, with estimates ranging from $1.37 billion to $1.40 billion. For the next financial year, analysts forecast that the company will report sales of $1.42 billion per share, with estimates ranging from $1.37 billion to $1.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Houghton Mifflin Harcourt.
HMHC has been the topic of a number of recent research reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Houghton Mifflin Harcourt in a research note on Thursday, October 19th. Morgan Stanley dropped their price objective on shares of Houghton Mifflin Harcourt from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, October 23rd. Zacks Investment Research lowered shares of Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Citigroup dropped their price objective on shares of Houghton Mifflin Harcourt from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Finally, ValuEngine raised shares of Houghton Mifflin Harcourt from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.29.
Houghton Mifflin Harcourt (HMHC) opened at $7.30 on Wednesday. Houghton Mifflin Harcourt has a 12 month low of $7.05 and a 12 month high of $13.95. The firm has a market cap of $900.33, a price-to-earnings ratio of -3.46 and a beta of 0.45. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.94.
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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