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Harte Hanks (HHS) – A New, Profitable Baseline

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Friday, August 12, 2022

Harte Hanks (HHS)
A New, Profitable Baseline

Harte Hanks (NASDAQ: HHS) is a leading global customer experience company whose mission is to partner with clients to provide them with CX strategy, data-driven analytics and actionable insights combined with seamless program execution to better understand, attract, and engage their customers. Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, Harte Hanks has a proven track record of driving results for some of the world’s premier brands including Bank of America, GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx, Midea, Sony, and IBM among others. Headquartered in Chelmsford, Massachusetts , Harte Hanks has over 2,500 employees in offices across the Americas, Europe and Asia Pacific .

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Solid Q2 results. Against difficult earlier comps, the company reported a solid quarter in line with expectations. The weakness in its Customer Care segment due to year earlier Covid related business was largely offset by 24% revenue growth in its Fulfillment & Logistics segment. Adj. EBITDA of $5.2 million was better than our $4.9 million estimate. 

Favorable contract wins. The company has won several contract awards that provides a more constructive view of its second half. The contract wins favorably affect both its Customer Care and Fulfillment & Logistics segments. …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

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