Analysts anticipation that Houghton Mifflin Harcourt Co (NASDAQ:HMHC) will abode $529.73 actor in sales for the accepted quarter, according to Zacks Investment Research. Three analysts accept issued estimates for Houghton Mifflin Harcourt’s earnings. The accomplished sales appraisal is $541.50 actor and the everyman is $507.70 million. Houghton Mifflin Harcourt appear sales of $532.04 actor during the aforementioned division aftermost year, which indicates a abrogating year over year advance amount of 0.4%. The aggregation is accepted to affair its aing annual balance after-effects on Thursday, November 1st.
According to Zacks, analysts apprehend that Houghton Mifflin Harcourt will abode full-year sales of $1.38 billion for the accepted budgetary year, with estimates alignment from $1.34 billion to $1.40 billion. For the aing year, analysts apprehend that the business will abode sales of $1.48 billion, with estimates alignment from $1.44 billion to $1.56 billion. Zacks’ sales averages are an boilerplate based on a analysis of sell-side analysis firms that chase Houghton Mifflin Harcourt.
Houghton Mifflin Harcourt (NASDAQ:HMHC) aftermost issued its annual balance after-effects on Thursday, August 2nd. The business casework provider appear ($0.19) balance per allotment for the quarter, missing the Thomson Reuters’ accord appraisal of ($0.05) by ($0.14). The business had acquirement of $375.58 actor for the quarter, compared to analysts’ expectations of $386.20 million. Houghton Mifflin Harcourt had a abrogating acknowledgment on disinterestedness of 14.89% and a abrogating net allowance of 4.35%. The company’s acquirement was bottomward 4.4% compared to the aforementioned division aftermost year. During the aforementioned division in the above-mentioned year, the business becoming ($0.38) EPS.
Several institutional investors and barrier funds accept afresh added to or bargain their stakes in the stock. BlackRock Inc. aerial its pale in shares of Houghton Mifflin Harcourt by 5.5% during the 2nd quarter. BlackRock Inc. now owns 7,001,672 shares of the business casework provider’s banal admired at $53,562,000 afterwards affairs an added 364,281 shares in the aftermost quarter. Dimensional Fund Advisors LP aerial its pale in shares of Houghton Mifflin Harcourt by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,112,078 shares of the business casework provider’s banal admired at $39,109,000 afterwards affairs an added 419,162 shares in the aftermost quarter. Wells Fargo & Aggregation MN aerial its pale in shares of Houghton Mifflin Harcourt by 3.4% during the 2nd quarter. Wells Fargo & Aggregation MN now owns 3,082,852 shares of the business casework provider’s banal admired at $23,584,000 afterwards affairs an added 101,892 shares in the aftermost quarter. OppenheimerFunds Inc. aerial its pale in shares of Houghton Mifflin Harcourt by 2.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 2,010,842 shares of the business casework provider’s banal admired at $15,383,000 afterwards affairs an added 51,194 shares in the aftermost quarter. Finally, Lapides Asset Management LLC aerial its pale in shares of Houghton Mifflin Harcourt by 11.2% during the 2nd quarter. Lapides Asset Management LLC now owns 1,957,300 shares of the business casework provider’s banal admired at $14,973,000 afterwards affairs an added 196,500 shares in the aftermost quarter. Institutional investors own 95.53% of the company’s stock.
Shares of Houghton Mifflin Harcourt banal opened at $6.05 on Friday. The close has a bazaar cap of $864.88 million, a PE arrangement of -4.84 and a beta of 0.46. Houghton Mifflin Harcourt has a 1-year low of $5.10 and a 1-year aerial of $11.45. The aggregation has a debt-to-equity arrangement of 1.03, a quick arrangement of 0.66 and a accepted arrangement of 1.05.
Houghton Mifflin Harcourt Aggregation Profile
Houghton Mifflin Harcourt Company, a acquirements company, provides content, services, and technology solutions for educational institutions and consumers worldwide. The aggregation operates in two segments, Education and Trade Publishing. The Education articulation provides educational products, technology platforms, and services, including book and agenda agreeable in the anatomy of textbooks, agenda courseware, advisory aids, educational assessment, and action solutions for students.
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