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Tuesday, August 13, 2019
Harte-Hanks (HHS)
Substantial Progress Made
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, Senior Research Analyst, DOR, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Second quarter reflects significant cost cutting. While revenues were lighter than expected, the company overachieved on operating cash flow with a adj. EBITDA loss of $1.76 million versus our loss estimate of $5.6 million. Notably, management indicated that not all of the cost cuts were reflected in the quarter.
- Flowing through a large portion of the upside. We are adjusting our full year 2019 adjusted EBITDA loss estimate from a loss of…
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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