HMHC - Houghton Mifflin Harcourt Company

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
5.83
+0.16 (+2.82%)
At close: 4:00PM EST
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Previous Close5.67
Open5.69
Bid5.82 x 800
Ask5.83 x 4000
Day's Range5.67 - 5.88
52 Week Range4.49 - 10.64
Volume442,938
Avg. Volume752,170
Market Cap750M
Beta (5Y Monthly)0.89
PE Ratio (TTM)N/A
EPS (TTM)-1.17
Earnings DateFeb 26, 2020 - Mar 2, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.57
  • Does Houghton Mifflin Harcourt Company's (NASDAQ:HMHC) CEO Salary Compare Well With Others?
    Simply Wall St.

    Does Houghton Mifflin Harcourt Company's (NASDAQ:HMHC) CEO Salary Compare Well With Others?

    Jack Lynch became the CEO of Houghton Mifflin Harcourt Company (NASDAQ:HMHC) in 2017. First, this article will compare...

  • Houghton Mifflin Harcourt Announces Closing of Notes Offering, Term Loan Credit Facility and Asset-Based Revolving Credit Facility as Part of Refinancing Transactions
    PR Newswire

    Houghton Mifflin Harcourt Announces Closing of Notes Offering, Term Loan Credit Facility and Asset-Based Revolving Credit Facility as Part of Refinancing Transactions

    Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (Nasdaq: HMHC) announced today that it closed refinancing transactions for $306 million aggregate principal amount of 9.000% Senior Secured Notes due 2025 (the "Notes"), a $380 million aggregate principal amount five-year senior secured term loan facility (the "Term Loan Facility") and a $250 million five-year senior secured asset-based revolving credit facility (the "Revolving Facility", and together with the Term Loan Facility, the "Senior Secured Credit Facilities"). The Notes were issued by the Company's wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers Inc., Houghton Mifflin Harcourt Publishing Company and HMH Publishers LLC, which are also the borrowers under the Senior Secured Credit Facilities.

  • HMH Books & Media Launches New Imprint Dedicated to Publishing Graphic Novels That 'Make a Mark'
    PR Newswire

    HMH Books & Media Launches New Imprint Dedicated to Publishing Graphic Novels That 'Make a Mark'

    NEW YORK, Nov. 21, 2019 /PRNewswire/ -- Houghton Mifflin Harcourt Books & Media announced today the creation of Etch, a new imprint in its Books for Young Readers group, dedicated to publishing graphic novels that exemplify the best in art and storytelling across genres and reflect the diversity of young readers. The seven titles on the Etch launch list will publish beginning in September 2020; going forward, the imprint will release around 15 books per year. Editors from all of HMH's existing children's book imprints—HMH Books for Young Readers, Clarion, and Versify—will acquire titles for Etch.

  • Texas State Board of Education Approves Houghton Mifflin Harcourt's Into Literature Texas for Grades 9-12
    PR Newswire

    Texas State Board of Education Approves Houghton Mifflin Harcourt's Into Literature Texas for Grades 9-12

    Next-generation literacy solution empowers teachers with a flexible learning environment that meets the needs of all learners BOSTON , Nov. 21, 2019 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt ...

  • Houghton Mifflin Harcourt Debt Refinancing Results in Improved Balance Sheet and Extended Maturity Profile
    PR Newswire

    Houghton Mifflin Harcourt Debt Refinancing Results in Improved Balance Sheet and Extended Maturity Profile

    BOSTON, Nov. 20, 2019 /PRNewswire/ -- Houghton Mifflin Harcourt (HMHC) today commented on the expected benefits resulting from its recent debt refinancing activities. "The Company's recent capital markets activities will enable us to have an improved balance sheet and a significantly extended maturity profile," said Jack Lynch, the Company's President and CEO. "Our disciplined capital allocation strategy and strong financial performance were instrumental in an expected corporate credit rating upgrade from Moody's and the ability to refinance our existing term loan with extended maturities and attractive prepayment terms," said Joe Abbott, Chief Financial Officer of the Company.

  • Houghton Mifflin Harcourt Announces Pricing and Allocation of New Senior Secured Term Loans and ABL Revolving Credit Facility
    PR Newswire

    Houghton Mifflin Harcourt Announces Pricing and Allocation of New Senior Secured Term Loans and ABL Revolving Credit Facility

    BOSTON, Nov. 19, 2019 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (HMHC) announced today that it has priced and allocated $380 million aggregate principal amount of five-year senior secured term loans and a $250 million five-year senior secured asset-based revolving credit facility. The revolving credit facility is subject to earlier maturity if the senior secured term loans have not been refinanced in full 91 days prior to such maturity date. The new senior secured term loans will be sold to investors at a price of 96% of the principal amount and will bear interest at a rate of LIBOR plus 6.25%.

  • Houghton Mifflin Harcourt Announces Pricing of Private Offering of Senior Secured Notes Due 2025
    PR Newswire

    Houghton Mifflin Harcourt Announces Pricing of Private Offering of Senior Secured Notes Due 2025

    BOSTON, Nov. 19, 2019 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (HMHC) announced today that it priced an offering of $306.0 million aggregate principal amount of 9.000% Senior Secured Notes due 2025 (the "Notes"). The Notes will be issued by the Company's wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers Inc., Houghton Mifflin Harcourt Publishing Company and HMH Publishers LLC. The Notes were offered in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act").

  • Houghton Mifflin Harcourt To Present at Southwest IDEAS Investor Conference
    PR Newswire

    Houghton Mifflin Harcourt To Present at Southwest IDEAS Investor Conference

    BOSTON , Nov. 19, 2019 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt (HMH) (NASDAQ: HMHC) today announced that Joe Abbott , the Company's Executive Vice President and Chief Financial Officer, ...

  • Thomson Reuters StreetEvents

    Edited Transcript of HMHC earnings conference call or presentation 31-Oct-19 12:30pm GMT

    Q3 2019 Houghton Mifflin Harcourt Co Earnings Call

  • Teacher morale has 'reached a tipping point,' new survey shows
    Yahoo Finance

    Teacher morale has 'reached a tipping point,' new survey shows

    Teacher optimism has fallen dramatically, from 50% in 2018 to 34% in 2019, according to a new report Houghton Mifflin Harcourt.

  • Moody's

    Houghton Mifflin Harcourt Publishers Inc. -- Moody's assigns B3 rating to Houghton Mifflin Harcourt Publishers Inc.'s new senior secured notes

    Moody's Investors Service ("Moody's") assigned a B3 rating to Houghton Mifflin Harcourt Publishers Inc.'s ("HMH") newly launched $350 million senior secured notes due 2025, which together with the recently launched $330 million senior secured term loan and cash on the balance sheet are anticipated to refinance the existing term loan maturing in 2021. HMH's B3 CFR reflects material improvement in the company's performance during 2019 adoption cycle, with outperformance in the Texas Reading product portfolio, and strong performance in other locations combined with the pending gross debt reduction.

  • Houghton Mifflin Harcourt Announces Proposed Private Offering of Senior Secured Notes
    PR Newswire

    Houghton Mifflin Harcourt Announces Proposed Private Offering of Senior Secured Notes

    BOSTON, Nov. 12, 2019 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (HMHC) announced today that its wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers Inc., Houghton Mifflin Harcourt Publishing Company and HMH Publishers LLC, will offer, subject to market and other conditions, $350 million aggregate principal amount of Senior Secured Notes due 2025 (the "Notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The offering of the Notes is part of a refinancing transaction whereby the Company and the issuers of the Notes intend to enter into an amended and restated senior secured term loan facility and an amended and restated senior secured asset-based revolving credit facility.

  • PR Newswire

    Fifth Annual Educator Confidence Report Introduces First-Ever Educator Confidence Index, Takes the Pulse of Teacher Sentiment across the United States

    BOSTON, Nov. 7, 2019 /PRNewswire/ -- Learning Company Houghton Mifflin Harcourt (HMH) today announced the results of its fifth annual Educator Confidence Report, which revealed that for the first time since 2015, teacher optimism in the profession has decreased, hitting the lowest point since the introduction of the report. In this year's report, HMH introduced the inaugural Educator Confidence Index, a new score to serve as the "pulse point" on teacher confidence. The 2019 Educator Confidence Index indicates that teachers don't give the state of their profession a passing grade, with an overall score of 43 out of 100.

  • Health Check: How Prudently Does Houghton Mifflin Harcourt (NASDAQ:HMHC) Use Debt?
    Simply Wall St.

    Health Check: How Prudently Does Houghton Mifflin Harcourt (NASDAQ:HMHC) Use Debt?

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • Moody's

    Houghton Mifflin Harcourt Publishers Inc. -- Moody's upgrades HMH CFR to B3, outlook is stable

    Moody's Investors Service ("Moody's") upgraded Houghton Mifflin Harcourt Publishers Inc.'s ("HMH") Corporate Family Rating ("CFR") to B3 from Caa1, and HMH's Probability of Default Rating ("PDR") to B3-PD from Caa1-PD upon strong performance in its adoption markets during 2019, expectations of strong performance in 2020 and pending refinancing of its capital structure, with maturity extensions. Moody's also assigned B3 rating to newly launched $330 million senior secured term loan, which together with additional secured debt and cash on the balance sheet is anticipated to refinance existing term loan maturing in 2021.

  • Houghton Mifflin Harcourt Reports Record Billings Growth in Third Quarter; Re-Affirms 2019 Guidance
    PR Newswire

    Houghton Mifflin Harcourt Reports Record Billings Growth in Third Quarter; Re-Affirms 2019 Guidance

    New Core Programs and Extensions Drive Growth Nationwide; Strong Third Quarter Cash Flow BOSTON , Oct. 31, 2019 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") ...

  • Should You Avoid Houghton Mifflin Harcourt Co (HMHC)?
    Insider Monkey

    Should You Avoid Houghton Mifflin Harcourt Co (HMHC)?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have gone over 730 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • Houghton Mifflin Harcourt Schedules Conference Call to Discuss Third Quarter 2019 Results
    PR Newswire

    Houghton Mifflin Harcourt Schedules Conference Call to Discuss Third Quarter 2019 Results

    BOSTON , Oct. 21, 2019 /PRNewswire/ -- Houghton Mifflin Harcourt (HMH) (NASDAQ: HMHC) today announced that it will release its third quarter 2019 financial and operating results on Thursday, Oct. 31, 2019 ...

  • MarketWatch

    Houghton Mifflin to cut workforce by 8%, provide sales outlook that is below expectations

    Shares of Houghton Mifflin Harcourt Co. slumped 1.9% in afternoon trading, after the education services company said it will slash its workforce by 8% as its streamline operations and provided a downbeat outlook for third-quarter sales, but raised its full-year billings outlook. The company had 3,600 employees at the end of 2018, according to its annual report, so an 8% reduction would represent the elimination of 288 jobs. The company said a redesigned development model will result in about 20% less content development expenditures than previously planned. Separately, the company said it expects to report third-quarter sales of $563 million, which is below the FactSet consensus of $585 million. Houghton Mifflin is projected to report third-quarter results on or around Nov. 7, according to FactSet. The company raised its 2019 billings guidance range to $1.59 billion to $1.62 billion from $1.53 billion to $1.61 billion. The stock has dropped 44.4% year to date, while the S&P 500 has rallied 19.7%.

  • Houghton Mifflin Harcourt Reports Record Preliminary Q3 Billings, Raises 2019 Guidance and Details Strategy for Sustained Positive Free Cash Flow at Analyst and Investor Event
    PR Newswire

    Houghton Mifflin Harcourt Reports Record Preliminary Q3 Billings, Raises 2019 Guidance and Details Strategy for Sustained Positive Free Cash Flow at Analyst and Investor Event

    NEW YORK, Oct. 17, 2019 /PRNewswire/ -- At its 2019 Analyst and Investor Event today, learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (HMHC) will provide additional detail about its long-term strategy, focused on driving sustained positive free cash flow. In connection with this event, the Company reported preliminary third-quarter results, updated its 2019 guidance and announced workforce reductions connected with HMH's ongoing strategic transformation. For the fiscal third quarter, the Company expects to report(1) net sales of $563 million, and expects year-to-date net sales of $1,147 million.

  • Houghton Mifflin (HMHC) Catches Eye: Stock Jumps 7.6%
    Zacks

    Houghton Mifflin (HMHC) Catches Eye: Stock Jumps 7.6%

    Houghton Mifflin (HMHC) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.

  • Carmen Sandiego's Latest Mission: Introducing the World to Real Kids Creating Positive Change in Their Communities
    PR Newswire

    Carmen Sandiego's Latest Mission: Introducing the World to Real Kids Creating Positive Change in Their Communities

    BOSTON, Oct. 3, 2019 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt (HMH) continues to bring iconic globetrotting super-sleuth Carmen Sandiego to K-12 learners in the classroom and beyond this fall, launching a new student-focused web series featuring inspiring young people from six continents across the globe who are working to create positive change in their communities. In Fearless Kids Around the World, produced by HMH, Carmen Sandiego (voiced by actress Gina Rodriguez, who stars as the beloved character on the Emmy-nominated animated series on Netflix) spotlights six young people who are committed to making a difference. In each webisode, students work to identify a pressing social issue or problem, set challenging goals, and use their talents to serve others, while also modeling key social-emotional skills like responsible decision making, conflict negotiation, self-confidence, social awareness and perspective taking for their peers.

  • Need To Know: Houghton Mifflin Harcourt Company (NASDAQ:HMHC) Insiders Have Been Buying Shares
    Simply Wall St.

    Need To Know: Houghton Mifflin Harcourt Company (NASDAQ:HMHC) Insiders Have Been Buying Shares

    We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

  • Houghton Mifflin Harcourt To Hold Investor Update Event in New York City
    PR Newswire

    Houghton Mifflin Harcourt To Hold Investor Update Event in New York City

    BOSTON , Sept. 18, 2019 /PRNewswire/ -- Learning company Houghton Mifflin Harcourt (HMH) (NASDAQ: HMHC) today announced that it will host an investor update on Thursday, Oct. 17, 2019 in New York City ...

  • Former New York State Commissioner of Education MaryEllen Elia Appointed Senior Fellow at International Center for Leadership in Education
    PR Newswire

    Former New York State Commissioner of Education MaryEllen Elia Appointed Senior Fellow at International Center for Leadership in Education

    Elia to serve as Center's key thought leader in areas of policy, standards and school improvement REXFORD, N.Y. , Sept. 16, 2019 /PRNewswire/ -- The International Center for Leadership in Education (ICLE), ...