Research – Harte-Hanks (HHS) – The focus towards growth

Friday, March 15, 2019

Harte-Hanks (HHS)

A Management Team Eager To Tackle The Tasks At Hand.

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.

  • Q4 results anticipated. The Q4 revenue decline was slightly better than expected, providing
    hopeful signs that its businesses are stabilizing. Revenues were $70.2 million
    versus our $68.5 million estimate. Adjusted EBITDA was in line with a loss of
    $1.57 million versus our loss estimate of $1.50 million. 
  • Adequate liquidity. The company received a tax refund of $4.6 million in
    February, 2019. The company is expected to receive a second $9 million refund
    in the second half 2019. Combined with current cash on hand of $20.6 million,
    the company appears to have ade…







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