Analysts expect that Harsco Corporation (NYSE:HSC) will post $0.16 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Harsco Corporation’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.14. Harsco Corporation posted earnings of $0.14 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The business is expected to issue its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Harsco Corporation will report full-year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.65. For the next fiscal 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’ earnings per share calculations are a mean average based on a survey of analysts that follow Harsco Corporation.

Harsco Corporation (NYSE:HSC) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $384.40 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year.

Several brokerages recently commented on HSC. KeyCorp reaffirmed an “overweight” rating and issued a $19.00 price objective (up previously from $17.50) on shares of Harsco Corporation in a report on Monday, June 26th. BidaskClub lowered Harsco Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Harsco Corporation from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, May 16th. Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Harsco Corporation in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $18.50.

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Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Harsco Corporation by 3.8% during the second quarter. BlackRock Inc. now owns 10,049,658 shares of the industrial products company’s stock valued at $161,800,000 after purchasing an additional 364,354 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 valued at $126,082,000 after purchasing an additional 650,173 shares in the last quarter. Victory Capital Management Inc. lifted its position in Harsco Corporation by 1.9% during the first quarter. Victory Capital Management Inc. now owns 2,703,798 shares of the industrial products company’s stock valued at $34,474,000 after purchasing an additional 51,242 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Harsco Corporation by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,182,338 shares of the industrial products company’s stock valued at $35,136,000 after purchasing an additional 14,862 shares in the last quarter. Finally, State Street Corp lifted its position in Harsco Corporation by 4.1% during the second quarter. State Street Corp now owns 1,999,994 shares of the industrial products company’s stock valued at $32,197,000 after purchasing an additional 78,104 shares in the last quarter. 80.68% of the stock is owned by institutional investors.

Shares of Harsco Corporation (NYSE HSC) traded down 0.58% on Friday, hitting $17.10. The stock had a trading volume of 249,094 shares. The stock’s market cap is $1.38 billion. The stock has a 50 day moving average of $16.38 and a 200-day moving average of $14.77. Harsco Corporation has a 12 month low of $8.52 and a 12 month high of $17.80.

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

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