Thursday, May 9, 2019
Harte-Hanks (HHS)
Not Good, But Not Bad Either.
Harte-Hanks is a marketing services company that
provides multichannel marketing solutions as well as consulting, data
analytics, and strategic assessment. The company’s offerings focus on
business-to-business, retail, finance, and automotive segments through digital,
social, mobile, and print media offerings.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Q1 Results Within The Zip Code. The first quarter revenues were $59.2 million versus our $57.5 million estimate. Operating cash flow, excluding one time charges, was a negative $4.7 million, in line with our $4.6 million loss estimate.
- Revising vendor agreements. Management indicated that it is revising vendor agreements, which we view is an important step toward returning the company to positive cash flow and to profitability. In addition, the
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