HMH (NASDAQ:HMH) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS

HMH (NASDAQ:HMH) announced its quarterly earnings results on Wednesday. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.14), Zacks reports. The company had revenue of $171.08 million during the quarter.

HMH Trading Down 17.7%

NASDAQ:HMH traded down $2.73 on Thursday, hitting $12.67. 260,708 shares of the stock were exchanged, compared to its average volume of 261,208. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.97. The stock has a market capitalization of $556.59 million and a price-to-earnings ratio of 30.17. The company’s 50-day moving average price is $18.66 and its 200 day moving average price is $19.70. HMH has a 52 week low of $11.82 and a 52 week high of $24.50.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HMH. Stifel Nicolaus raised their price target on shares of HMH from $27.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Evercore set a $24.00 target price on shares of HMH in a research note on Friday, August 7th. Finally, Zacks Research raised shares of HMH from a “strong sell” rating to a “hold” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $28.00.

About HMH

We are a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. Our global reach, technical expertise and innovative product offerings, coupled with our integrated operations from manufacturing to aftermarket services, allow us to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment we provide.