Houghton Mifflin Harcourt Company (HMHC) is a learning tech enterprise delivering connected solutions. The company is engaging the learners, empowering the educators, and improving the student results. The company is a leading K–12 core curriculum provider. The company also collaborates with educators to discover solutions to extend the capacity-building of teachers.
The price of HMHC stock during the early trading on February 22, 2022, was last checked to be $20.85 with an increase of 15.07%.
HMHC: Events and Happenings
On February 22, 2022, HMHC updated about its entry into a definitive combination contract with Veritas Capital for the purchase of HMHC. On February 3, 2022, HMHC reported that it will release its fourth-quarter 2021 financial results on February 24, 2022.
On January 27, 2022, HMHC announced the receipt of a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index. On January 4, 2022, HMHC informed about the presence of its management at the Citi AppsEconomy Conference 2022 on January 5, 2022. On December 7, 2021, HMHC updated that SCDE had approved the company’s ‘Into Reading’ as a curriculum option for the K-5 Palmetto Literacy Project Schools.
HMHC: Key Financials
On November 4, 2021, HMHC released its financial results for the third quarter ended September 30, 2021. Some of the important highlights are discussed below.
Net Sales
Net sales during the third quarter of 2021 were $417.1 million compared to $331.2 million in the same quarter of 2020. The company observed an increase of $85.9 million in its net sales over the yearly period. The company topped the analysts’ estimated net sales by $71.8 million.
EPS
Diluted net income per share in Q3 2021, was $95.3 million or $0.72 against a net loss of $12.5 million or $0.10 in the same quarter of 2020. The company observed an increase in net income over the year. Also, the company topped the estimated EPS target by $0.54.
Conclusion
HMHC stock is 174% up the past year. The recent early trading stock soar is the outcome of its merger agreement with Veritas Capital. The company is also gearing for its quarterly earnings release date and the analysts expect $169.8 million revenue against EPS of -$0.34.
