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 firm had revenue of $171.08 million for the quarter.

HMH Trading Down 7.6%

HMH stock traded down $1.26 during trading on Wednesday, hitting $15.40. The company had a trading volume of 276,182 shares, compared to its average volume of 261,407. The stock has a market cap of $676.52 million and a price-to-earnings ratio of 36.67. The company has a current ratio of 2.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. HMH has a 1-year low of $15.32 and a 1-year high of $24.50. The company’s 50 day simple moving average is $18.73 and its 200-day simple moving average is $19.72.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore set a $24.00 price objective on shares of HMH in a research report on Friday, August 7th. Zacks Research raised shares of HMH from a “strong sell” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus raised their price target on shares of HMH from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. One investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price 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.