Houghton Mifflin Harcourt selling consumer publishing unit to News Corp. for $349 million [MarketWatch]
Houghton Mifflin Harcourt Company (HMHC)
Last houghton mifflin harcourt company earnings: 2/27 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
ir.hmhco.com
Company Research
Source: MarketWatch
Houghton Mifflin Harcourt said it's agreed to sell its HMH Books & Media consumer publishing division to News Corp. for $349 million in cash. Houghton Mifflin said the deal to sell the publisher of the J.R.R. Tolkien titles will let it focus on the K-12 education market and pay down a significant portion of its debt. HMH adjusted its 2021 outlook to take account of the transaction, now expecting billings between $905 million and $955 million on a cash flow margins between 9% and 11%. The unit will join News Corp.'s HarperCollins trade publishing division. In calendar year 2020, HMH Books & Media had net sales of $191.7 million, and Adjusted EBITDA of $26.6 million. News Corp. also owns MarketWatch, the publisher of this report.
Show less
Read more
Impact Snapshot
Event Time:
HMHC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HMHC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HMHC alerts
High impacting Houghton Mifflin Harcourt Company news events
Weekly update
A roundup of the hottest topics