HMH (NASDAQ:HMH) Releases Earnings Results

HMH (NASDAQ:HMH) released its quarterly earnings data on Wednesday. The company reported $0.42 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $170.82 million during the quarter.

HMH Stock Performance

HMH stock traded up $0.41 during mid-day trading on Wednesday, hitting $20.62. 188,398 shares of the company were exchanged, compared to its average volume of 319,514. HMH has a 12-month low of $16.32 and a 12-month high of $24.50. The firm has a 50 day moving average price of $19.93.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stifel Nicolaus assumed coverage on HMH in a report on Monday, April 27th. They issued a “buy” rating and a $27.00 target price on the stock. Wall Street Zen downgraded HMH from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. began coverage on shares of HMH in a research note on Monday, April 27th. They issued an “overweight” rating and a $26.00 price objective on the stock. Zacks Research upgraded shares of HMH from a “strong sell” rating to a “hold” rating in a report on Friday, July 24th. Finally, Evercore initiated coverage on shares of HMH in a research report on Monday, April 27th. They set an “outperform” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $28.40.

HMH Company Profile

Houghton Mifflin Harcourt (HMH) is an education and learning company that produces curricular content, instructional materials, assessment tools and digital learning platforms primarily for the K–12 market. The company develops and licenses print and digital resources designed to support classroom instruction, remote and blended learning, and student assessment across a range of subjects and grade levels.

HMH’s offerings include core and supplemental curricula, adaptive and online learning technologies, formative and summative assessments, and professional development services for educators.