New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 6, 2014
08:16 EDTHMHCHoughton Mifflin sees FY14 total net sales to increase by 5%-8% vs. last year
The company said, "The company will provide annual guidance on revenues, pre-publication costs or content development and addressable market size. In FY14, HMH expects to improve net sales, driven primarily by the company’s education segment due to the improving adoption and open territory markets. As a result of this improvement, the company expects total net sales in FY14 to increase by 5%-8% over FY13 revenues of $1.379M. Additionally, expected pre-publication costs or content development spend for FY14 will be approximately $100M-$120M. HMH’s addressable market, the market where it primarily sells its instructional resources for grades K through 12, is expected to grow 13% to $2.9B in FY14 from $2.5B in FY13."
News For HMHC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 13, 2015
10:34 EDTHMHCAnalyst predicts consolidation in educational products space
The shares of Scholastic (SCHL) are climbing after Citigroup wrote that the company will probably be acquired by Houghton Mifflin Harcourt (HMHC). Scholastic develops educational products for children, including books and technology products. Houghton Mifflin Harcourt publishes textbooks used in K-12 schools around the world. WHAT'S NEW: Houghton Mifflin is "very likely" to buy Scholastic, Citi analyst Jason Bazinet wrote in a note to investors earlier today. The assets of Scholastic "fit naturally" with those of Houghton Mifflin, since both companies publish materials for K-12 students, the analyst stated. Houghton Mifflin's reluctance to return capital to shareholders, along with a lack of suitable targets in the K-12 space, further convince Bazinet that the deal will probably take place, the analyst stated. The acquisition would increase the value of Houghton Mifflin's stock to $30, wrote Bazinet, who increased his price target on the shares to $29 from $23. He kept a Buy rating on the stock. PRICE ACTION: In early trading, Scholastic rose 1.3% to $40, while Houghton Mifflin advanced 1.5% to $24.
06:25 EDTHMHCHoughton Mifflin 'very likely' to acquire Scholastic, says Citigroup
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use