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Houghton Mifflin Harcourt Comp
Sure, here'll get some general information about Education Training Services(ETS) with the stock symbol HMHC.
About HMHC
HMHC, or Houghton Mifflin Harcourt, is a learning company committed to delivering integrated, dynamic, and effective learning experiences to students of all ages. They serve customers in the trade, education, and government sectors and are a leading provider of K–12 educational materials in the United States.
Earnings/Growth
HMHC's earnings are expected to grow by 64.72% in the coming year, and its revenues are expected to grow by 4.92%. Compared to the industry average of 10.54%, HMHC's expected revenue growth underperforms the industry. Stock traders bought 1,405 call options on HMHC, which is a 43% increase from the October average. Its current price/earnings ratio is 361.27, exceeding the industry average of 23.12.
HMHC reported a net income of $123 million, a 37% increase from the previous year, in its third quarter 2022 earnings statement. The company's net income increased due to higher operating income, partially offset by higher interest expense.
HMHC introduced the HMH HIVE, an immersive, virtual professional development experience for educators, in January 2022. The HMH HIVE offers live sessions and on-demand resources for educators.
In November 2022, HMHC partnered with The Booming Ground, an international EdTech company, to launch Imagine... by HMH, a digital learning platform for grades K–5.
Stock Information
The stock price of HMHC was 9.55 USD on November 8, 2023, and its one-year target estimate is 13.67 USD. It has a high of 14.40 USD and a low of 6.57 USD. The stock's market capitalization is USD 2.26 billion, and it has a PE ratio of 361.27.
Wall Street's average rating for HMHC is Buy, based on four hold, one sell, and three buy recommendations. The stock has decreased by 25% in the last 12 months, while the S&P 5000 has dropped by -12.17%. Short interest in HMHC has increased by 27.2% in the last month, and the current short interest is 1.63 million shares. Institutions own 94.3% of the company's stock.
Conclusion
As seen above, Houghton Mifflin Harcourt (HMHC) is a Learning Company that is committed to delivering integrated, dynamic, and effective learning experiences to students of all ages. Its earnings are expected to grow by 64.72% in the upcoming year. The HMH HIVE, an immersive, virtual professional development experience for educators, was introduced in January 2022. The company's third-quarter 2022 earnings statement reported a net income of $123 million, a 37% increase from the previous year.
The stock price of HMHC was 9.55 USD on November 8, 2023, and its one-year target estimate is 13.67 USD. Four hold, one sell, and three buy recommendations result in a Wall Street consensus rating of Buy for HMHC. In summary, this is some general information about Education Training Services with the stock symbol HMHC.