HMH (NASDAQ:HMH) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

HMH (NASDAQ:HMH) announced its quarterly earnings results on Wednesday. The company reported $0.40 earnings per share 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 Price Performance

HMH traded down $1.26 on Wednesday, hitting $15.40. 276,182 shares of the company’s stock were exchanged, compared to its average volume of 261,407. HMH has a fifty-two week low of $15.32 and a fifty-two week high of $24.50. The stock has a market cap of $676.52 million and a price-to-earnings ratio of 36.67. The firm has a 50-day moving average price of $18.73 and a 200-day moving average price of $19.72. The company has a current ratio of 2.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HMH. Stifel Nicolaus raised their price objective on 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 HMH in a research note on Friday, August 7th. Finally, Zacks Research upgraded HMH from a “strong sell” rating to a “hold” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.