Somewhat Positive News Coverage Somewhat Unlikely to Impact Houghton Mifflin Harcourt (HMHC) Stock Price
Media coverage about Houghton Mifflin Harcourt (NASDAQ:HMHC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Houghton Mifflin Harcourt earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.4354445973901 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Houghton Mifflin Harcourt (NASDAQ HMHC) opened at $8.95 on Friday. The stock has a market capitalization of $1,097.66, a PE ratio of -4.24 and a beta of 0.59. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.94. Houghton Mifflin Harcourt has a fifty-two week low of $8.05 and a fifty-two week high of $13.95.
Houghton Mifflin Harcourt (NASDAQ:HMHC) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.19. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $528.40 million. Houghton Mifflin Harcourt had a negative return on equity of 17.37% and a negative net margin of 18.59%. Houghton Mifflin Harcourt’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. sell-side analysts predict that Houghton Mifflin Harcourt will post -1.67 earnings per share for the current fiscal year.
HMHC has been the subject of a number of recent research reports. Zacks Investment Research upgraded Houghton Mifflin Harcourt from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub lowered Houghton Mifflin Harcourt from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 target price on shares of Houghton Mifflin Harcourt in a report on Thursday, October 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $12.50 target price on shares of Houghton Mifflin Harcourt in a report on Thursday, September 21st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Houghton Mifflin Harcourt in a report on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.08.
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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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