McGraw Hill (NYSE:MH) Shares Gap Up After Better-Than-Expected Earnings

McGraw Hill, Inc. (NYSE:MH)’s share price gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $11.37, but opened at $13.32. McGraw Hill shares last traded at $13.93, with a volume of 509,014 shares trading hands.

The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $1.05. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. McGraw Hill has set its FY 2026 guidance at EPS.

Analyst Ratings Changes

A number of research firms recently weighed in on MH. UBS Group began coverage on McGraw Hill in a report on Monday, August 18th. They issued a “neutral” rating and a $15.00 price target on the stock. Macquarie restated an “outperform” rating and issued a $19.00 price target on shares of McGraw Hill in a research report on Friday, October 17th. Baird R W upgraded shares of McGraw Hill to a “strong-buy” rating in a research report on Monday, August 18th. BMO Capital Markets increased their price objective on shares of McGraw Hill from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Weiss Ratings initiated coverage on shares of McGraw Hill in a research report on Friday, October 17th. They set a “sell (e+)” rating for the company. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.97.

Hedge Funds Weigh In On McGraw Hill

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new stake in McGraw Hill during the 3rd quarter worth $25,000. Strs Ohio purchased a new stake in shares of McGraw Hill during the third quarter worth about $54,000. Greenland Capital Management LP purchased a new position in McGraw Hill in the third quarter valued at about $131,000. GSA Capital Partners LLP acquired a new stake in McGraw Hill during the 3rd quarter valued at approximately $147,000. Finally, State of Wyoming purchased a new stake in McGraw Hill during the 3rd quarter worth approximately $202,000.

McGraw Hill Price Performance

The company’s 50-day moving average is $12.84.

About McGraw Hill

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.