FY2018 EPS Estimates for Harsco Co. Lifted by KeyCorp (HSC)

Harsco Co. (NYSE:HSC) – Research analysts at KeyCorp upped their FY2018 earnings per share estimates for Harsco in a note issued to investors on Thursday. KeyCorp analyst J. Hammond now forecasts that the industrial products company will post earnings of $0.90 per share for the year, up from their previous estimate of $0.83.

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

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

Harsco (HSC) opened at $19.45 on Monday. The firm has a market capitalization 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 quick ratio of 0.83 and a current ratio of 1.30. Harsco has a twelve month low of $11.40 and a twelve month high of $22.00.

A number of institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA raised its holdings in Harsco by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 132 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Harsco by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,856 shares of the industrial products company’s stock worth $1,011,000 after purchasing an additional 448 shares during the period. Amalgamated Bank raised its holdings in Harsco by 5.8% in the 2nd quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 634 shares during the period. Alliancebernstein L.P. raised its holdings in Harsco by 2.5% in the 2nd quarter. Alliancebernstein L.P. now owns 102,700 shares of the industrial products company’s stock worth $1,653,000 after purchasing an additional 2,480 shares during the period. Finally, Flinton Capital Management LLC raised its holdings in Harsco by 71.9% in the 2nd quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 2,716 shares during the period. 81.37% of the stock is currently owned by institutional investors.

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About Harsco

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.

Earnings History and Estimates for Harsco (NYSE:HSC)

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