Zacks: Brokerages Expect Harsco Co. (HSC) to Post $0.15 Earnings Per Share

Brokerages forecast that Harsco Co. (NYSE:HSC) will post $0.15 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Harsco’s earnings. Harsco reported earnings per share of $0.16 during the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that Harsco will report full year earnings of $0.68 per share for the current year. For the next fiscal year, analysts forecast that the company will post earnings of $0.83 per share. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Harsco.

Harsco (NYSE:HSC) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. Harsco had a return on equity of 32.46% and a net margin of 1.69%. The firm had revenue of $384.65 million for the quarter, compared to analysts’ expectations of $398.85 million. During the same quarter last year, the business earned $0.14 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year.

A number of equities analysts have issued reports on the company. Argus raised their target price on Harsco to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut Harsco from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine cut Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $20.75.

Several large investors have recently added to or reduced their stakes in HSC. Federated Investors Inc. PA lifted its holdings in shares of Harsco by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 132 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Harsco by 2.8% during the 2nd quarter. Principal Financial Group Inc. now owns 626,598 shares of the industrial products company’s stock valued at $10,088,000 after purchasing an additional 17,152 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Harsco by 25.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 848,702 shares of the industrial products company’s stock valued at $13,664,000 after purchasing an additional 169,966 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Harsco by 8.5% during the 2nd quarter. Wells Fargo & Company MN now owns 107,215 shares of the industrial products company’s stock valued at $1,726,000 after purchasing an additional 8,427 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Harsco by 2.5% during the 2nd quarter. Alliancebernstein L.P. now owns 102,700 shares of the industrial products company’s stock valued at $1,653,000 after purchasing an additional 2,480 shares in the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

Shares of Harsco (HSC) traded down $0.55 on Monday, reaching $18.95. The company’s stock had a trading volume of 308,886 shares, compared to its average volume of 375,292. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.83 and a current ratio of 1.30. Harsco has a 12-month low of $11.40 and a 12-month high of $22.00. The company has a market capitalization of $1,520.00, a PE ratio of 61.13 and a beta of 3.11.

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Harsco 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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Earnings History and Estimates for Harsco (NYSE:HSC)

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