Zacks: Brokerages Anticipate Harsco Co. (HSC) to Post $0.15 EPS
Wall Street analysts predict that Harsco Co. (NYSE:HSC) will announce earnings of $0.15 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Harsco’s earnings. Harsco reported earnings of $0.16 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The business is expected to issue its next earnings report on Friday, February 23rd.
According to Zacks, analysts expect that Harsco will report full year earnings of $0.68 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.83 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Harsco.
Harsco (NYSE:HSC) last released its quarterly 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 analyst estimates of $398.85 million. During the same quarter last year, the company posted $0.14 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis.
Shares of Harsco (HSC) traded down $0.25 on Monday, reaching $19.45. The company’s stock had a trading volume of 342,400 shares, compared to its average volume of 417,156. Harsco has a 12 month low of $11.40 and a 12 month high of $22.00. The stock has a market cap of $1,564.64, a price-to-earnings ratio of 62.74 and a beta of 3.10. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83.
Several large investors have recently made changes to their positions in HSC. Flinton Capital Management LLC boosted its stake in shares of Harsco 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 acquiring an additional 2,716 shares in the last quarter. Federated Investors Inc. PA boosted its stake 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 worth $124,000 after acquiring an additional 132 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Harsco by 5.8% during the 2nd quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 634 shares in the last quarter. FDx Advisors Inc. purchased a new stake in shares of Harsco during the 3rd quarter worth approximately $222,000. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of Harsco during the 3rd quarter worth approximately $229,000. 81.42% of the stock is currently owned by institutional investors and hedge funds.
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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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