Zacks: Brokerages Expect Harsco Co. (HSC) Will Post Quarterly Sales of $410.10 Million

Equities analysts expect that Harsco Co. (NYSE:HSC) will post sales of $410.10 million for the current quarter, according to Zacks. Two analysts have issued estimates for Harsco’s earnings, with the highest sales estimate coming in at $437.40 million and the lowest estimate coming in at $382.80 million. Harsco posted sales of $360.22 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.8%. The firm is scheduled to announce its next quarterly earnings report on Friday, February 23rd.

On average, analysts expect that Harsco will report full year sales of $410.10 million for the current year, with estimates ranging from $1.54 billion to $1.59 billion. For the next year, analysts anticipate that the business will post sales of $1.61 billion per share, with estimates ranging from $1.55 billion to $1.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Harsco.

Harsco (NYSE:HSC) last posted its quarterly earnings data 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. The business had revenue of $384.65 million during the quarter, compared to the consensus estimate of $398.85 million. Harsco had a return on equity of 32.46% and a net margin of 1.69%. Harsco’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share.

HSC has been the subject of several recent research reports. ValuEngine cut Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research cut Harsco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Argus increased their price target on Harsco to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.75.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hood River Capital Management LLC acquired a new stake in shares of Harsco in the second quarter valued at approximately $20,263,000. Vanguard Group Inc. lifted its position in shares of Harsco by 9.1% in 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 buying an additional 650,173 shares during the last quarter. BlackRock Inc. lifted its position in shares of Harsco by 3.8% in the second quarter. BlackRock Inc. now owns 10,049,658 shares of the industrial products company’s stock valued at $161,800,000 after buying an additional 364,354 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Harsco by 53.0% in the third quarter. Ameriprise Financial Inc. now owns 798,397 shares of the industrial products company’s stock valued at $16,685,000 after buying an additional 276,439 shares during the last quarter. Finally, Smith Asset Management Group LP acquired a new stake in shares of Harsco in the third quarter valued at approximately $4,489,000. 81.42% of the stock is owned by hedge funds and other institutional investors.

Harsco (NYSE:HSC) opened at $19.25 on Wednesday. Harsco has a 52-week low of $11.40 and a 52-week high of $22.00. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87. The company has a market capitalization of $1,564.64, a P/E ratio of 62.10 and a beta of 3.10.

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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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