Wall Street brokerages expect that Harsco Corporation (NYSE:HSC) will announce earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Harsco Corporation’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.14. Harsco Corporation posted earnings of $0.14 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The business is expected to announce its next earnings report on Thursday, November 2nd.
On average, analysts expect that Harsco Corporation will report full year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.65. For the next year, analysts forecast that the business will report earnings of $0.74 per share, with EPS estimates ranging from $0.68 to $0.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Harsco Corporation.
Harsco Corporation (NYSE:HSC) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The firm had revenue of $394.89 million for the quarter, compared to analyst estimates of $384.40 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.
Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Harsco Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC restated a “buy” rating and set a $19.00 price objective (up from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, August 8th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. Finally, KeyCorp restated an “overweight” rating and set a $19.00 price objective (up from $17.50) on shares of Harsco Corporation in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.50.
Shares of Harsco Corporation (NYSE:HSC) traded up 3.47% during trading on Friday, reaching $17.90. The company had a trading volume of 393,229 shares. The company’s market cap is $1.44 billion. The firm has a 50 day moving average price of $16.41 and a 200 day moving average price of $14.78. Harsco Corporation has a 12 month low of $8.52 and a 12 month high of $17.90.
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Several institutional investors and hedge funds have recently made changes to their positions in HSC. BlackRock Inc. increased its holdings in shares of Harsco Corporation by 36,936.1% during the first quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock worth $123,489,000 after purchasing an additional 9,659,153 shares during the period. Rothschild Asset Management Inc. bought a new position in shares of Harsco Corporation during the first quarter worth approximately $23,733,000. Hood River Capital Management LLC bought a new position in shares of Harsco Corporation during the second quarter worth approximately $20,263,000. 1060 Capital LLC bought a new position in shares of Harsco Corporation during the second quarter worth approximately $14,658,000. Finally, Vanguard Group Inc. increased its holdings in shares of Harsco Corporation by 9.1% during the second quarter. Vanguard Group Inc. now owns 7,831,203 shares of the industrial products company’s stock worth $126,082,000 after purchasing an additional 650,173 shares during the period. 80.68% of the stock is currently owned by institutional investors.
Harsco Corporation Company Profile
Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.
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