Brokerages expect Harsco Corporation (NYSE:HSC) to report $402.80 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Harsco Corporation’s earnings. The highest sales estimate is $410.70 million and the lowest is $389.10 million. Harsco Corporation posted sales of $367.79 million in the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The firm is expected to announce its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Harsco Corporation will report full year sales of $402.80 million for the current year, with estimates ranging from $1.54 billion to $1.59 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.61 billion per share, with estimates ranging from $1.55 billion to $1.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Harsco Corporation.

Harsco Corporation (NYSE:HSC) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. 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 prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year.

HSC has been the topic of several analyst reports. Zacks Investment Research downgraded Harsco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Argus upgraded Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Friday, September 15th. BidaskClub downgraded Harsco Corporation from a “hold” rating to a “sell” rating in a 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 report on Wednesday, August 9th. Finally, Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.50.

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A number of institutional investors and hedge funds have recently modified their holdings of HSC. Flinton Capital Management LLC grew its stake in Harsco Corporation by 71.9% during the 2nd quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock worth $105,000 after buying an additional 2,716 shares during the last quarter. Invictus RG bought a new position in Harsco Corporation during the 1st quarter worth $120,000. Federated Investors Inc. PA grew its stake in Harsco Corporation by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after buying an additional 132 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Harsco Corporation during the 1st quarter worth $148,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Harsco Corporation during the 1st quarter worth $158,000. Hedge funds and other institutional investors own 80.67% of the company’s stock.

Harsco Corporation (NYSE:HSC) traded down 0.93% during mid-day trading on Thursday, hitting $21.30. 374,250 shares of the company were exchanged. The stock’s market cap is $1.71 billion. The firm has a 50 day moving average price of $19.61 and a 200 day moving average price of $16.25. Harsco Corporation has a 12 month low of $9.05 and a 12 month high of $21.75.

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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