McGraw Hill (NYSE:MH - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $0.35 by $1.05, Zacks reports. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. McGraw Hill updated its FY 2026 guidance to EPS.
McGraw Hill Stock Performance
MH traded up $2.71 during trading hours on Wednesday, hitting $14.08. The stock had a trading volume of 1,507,726 shares, compared to its average volume of 803,045. The firm's fifty day simple moving average is $12.85. McGraw Hill has a 1 year low of $10.69 and a 1 year high of $17.25.
Institutional Investors Weigh In On McGraw Hill
Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers purchased a new stake in shares of McGraw Hill during the 3rd quarter valued at $279,000. Vanguard Group Inc. purchased a new position in shares of McGraw Hill during the 3rd quarter valued at about $32,923,000. Finally, Ameritas Investment Partners Inc. bought a new stake in McGraw Hill in the 3rd quarter worth approximately $25,000.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of McGraw Hill in a report on Monday, August 18th. They issued an "overweight" rating and a $21.00 price objective for the company. BMO Capital Markets upped their price target on shares of McGraw Hill from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Morgan Stanley began coverage on shares of McGraw Hill in a report on Monday, August 18th. They set an "overweight" rating and a $20.00 price target on the stock. Macquarie restated an "outperform" rating and issued a $19.00 price objective on shares of McGraw Hill in a report on Friday, October 17th. Finally, Wall Street Zen lowered McGraw Hill from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $20.97.
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About McGraw Hill
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At McGraw Hill, our purpose is to unlock the potential of each learner at every stage of life. Our mission is to support educators, learners and professionals around the world with trusted, high-quality content and digital solutions that use data and learning science to adapt to each student as they progress towards their goals.
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