Houghton Mifflin Harcourt Co (HMHC) is Downgraded by BMO Capital Markets to Market Perform, Lowers Price Target to $ 17

Houghton Mifflin Harcourt Co (HMHC) was Downgraded by BMO Capital Markets to ” Market Perform” while Lowering the Price Target of the company shares to $ 17 from a previous price target of $22 . Earlier the firm had a rating of “Outperform ” on the company shares. BMO Capital Markets advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Houghton Mifflin Harcourt Co. Houghton Mifflin Harcourt Co was Upgraded by Goldman to ” Buy” on Aug 1, 2016.

On the company’s financial health, Houghton Mifflin Harcourt Co reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.06. The company had revenue of $392.04 million for the quarter, compared to analysts expectations of $430.71 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Houghton Mifflin Harcourt Co closed down -2.27 points or -13.08% at $15.08 with 42,08,229 shares getting traded on Thursday. Post opening the session at $16.34, the shares hit an intraday low of $14.4 and an intraday high of $16.535 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 4, 2016, John Dragoon (officer ) sold 25,000 shares at $20.41 per share price. According to the SEC, on May 4, 2016, Mary Johanna Cullinane (officer ) sold 15,000 shares at $20.29 per share price. On May 2, 2016, Linda Kay Zecher (director officer ) sold 4,984 shares at $21.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Houghton Mifflin Harcourt Company (HMH) is a global learning company specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content services and technology to both educational institutions and consumers in more than 150 countries across the world. In the United States the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George Carmen Sandiego The Oregon Trail The Little Prince The Lord of the Rings Life of Pi Webster’s New World Dictionary and Cliffs Notes.

Houghton Mifflin Harcourt Co

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