Houghton Mifflin Harcourt (HMHC) Getting Somewhat Critical News Coverage, Analysis Shows

Media headlines about Houghton Mifflin Harcourt (NASDAQ:HMHC) have trended somewhat negative this week, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Houghton Mifflin Harcourt earned a coverage optimism score of -0.07 on Alpha One’s scale. Alpha One also assigned news coverage about the business services provider an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.

HMHC has been the subject of a number of recent analyst reports. Citigroup Inc reaffirmed a “focus list” rating on shares of Houghton Mifflin Harcourt in a research report on Tuesday, January 31st. Zacks Investment Research downgraded Houghton Mifflin Harcourt from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Finally, BMO Capital Markets lifted their price objective on Houghton Mifflin Harcourt from $10.00 to $13.00 and gave the company a “market perform” rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.17.

Houghton Mifflin Harcourt (NASDAQ:HMHC) last posted its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.96) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.07) by $0.11. Houghton Mifflin Harcourt had a negative net margin of 14.05% and a negative return on equity of 16.48%. The business had revenue of $221.92 million for the quarter, compared to the consensus estimate of $196.90 million. During the same period in the prior year, the business posted ($1.34) earnings per share. Houghton Mifflin Harcourt’s revenue for the quarter was up 7.8% compared to the same quarter last year.

In related news, Director Lawrence K. Fish purchased 67,364 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average cost of $12.99 per share, with a total value of $875,058.36. Following the completion of the purchase, the director now owns 78,159 shares of the company’s stock, valued at approximately $1,015,285.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence K. Fish purchased 42,364 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was bought at an average cost of $13.02 per share, for a total transaction of $551,579.28. Following the completion of the purchase, the director now directly owns 78,159 shares of the company’s stock, valued at approximately $1,017,630.18. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company’s stock.

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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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