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Friday, August 9, 2019
Harte-Hanks (HHS)
With Progress Comes Increased Confidence In Its Turnaround
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.
- Good progress. The second quarter results were mixed, but reflected progress on the company’s plan to right size its business, to position the company for profitability, and a return toward revenue and cash flow growth. While revenues were lighter than expected, the company overachieves on operating cash flow, with a significantly lower loss due to significant cost cutting.
- Management expresses confidence in improving outlook. Management indicated that it believes that the company is on track to have positive EBITDA in the fourth quarter 2019 and will be…
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