HMH (NASDAQ:HMH) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

HMH (NASDAQ:HMH) posted its quarterly earnings data on Wednesday. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19, FiscalAI reports. The firm had revenue of $170.82 million for the quarter.

HMH Price Performance

NASDAQ HMH traded down $1.34 during trading on Thursday, hitting $19.28. 256,283 shares of the stock traded hands, compared to its average volume of 318,821. HMH has a 12-month low of $16.32 and a 12-month high of $24.50. The company has a 50-day moving average of $19.91.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HMH. JPMorgan Chase & Co. began coverage on HMH in a research report on Monday, April 27th. They issued an “overweight” rating and a $26.00 target price on the stock. Citigroup assumed coverage on HMH in a research report on Sunday, April 26th. They set a “buy” rating and a $30.00 target price on the stock. Evercore started coverage on HMH in a research note on Monday, April 27th. They issued an “outperform” rating and a $27.00 price objective on the stock. Piper Sandler started coverage on HMH in a research report on Monday, April 27th. They set an “overweight” rating and a $32.00 price objective on the stock. Finally, Stifel Nicolaus assumed coverage on shares of HMH in a report on Monday, April 27th. They issued a “buy” 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 issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, HMH presently has a consensus rating of “Buy” and an average 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.