Harsco Corporation (NYSE:HSC) – Equities research analysts at KeyCorp upped their FY2017 earnings per share estimates for Harsco Corporation in a report released on Wednesday. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings per share of $0.68 for the year, up from their prior estimate of $0.65. KeyCorp also issued estimates for Harsco Corporation’s Q4 2017 earnings at $0.15 EPS.
Harsco Corporation (NYSE:HSC) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Harsco Corporation had a return on equity of 32.46% and a net margin of 1.69%. The firm had revenue of $384.65 million during the quarter, compared to analyst estimates of $398.85 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year.
COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/12/equities-analysts-set-expectations-for-harsco-corporations-fy2017-earnings-hsc.html.
A number of other equities analysts have also issued reports on HSC. Zacks Investment Research upgraded Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, August 8th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research note on Friday, August 4th. BidaskClub lowered Harsco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Jefferies Group LLC restated a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a research note on Wednesday, August 9th. Finally, Argus upgraded Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Harsco Corporation has an average rating of “Buy” and a consensus price target of $20.00.
Harsco Corporation (HSC) opened at $17.65 on Friday. The stock has a market capitalization of $1,500.29, a price-to-earnings ratio of 27.03 and a beta of 3.18. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.88. Harsco Corporation has a 52 week low of $11.40 and a 52 week high of $22.00.
Hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC raised its stake in Harsco Corporation 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 acquiring an additional 2,716 shares during the last quarter. Federated Investors Inc. PA grew its position 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 purchasing an additional 132 shares during the period. Fox Run Management L.L.C. acquired a new stake in Harsco Corporation during the 2nd quarter worth about $167,000. FDx Advisors Inc. acquired a new stake in Harsco Corporation during the 3rd quarter worth about $222,000. Finally, Emerald Advisers Inc. PA acquired a new stake in Harsco Corporation during the 3rd quarter worth about $229,000. Institutional investors own 78.51% of the company’s stock.
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.
Receive News & Ratings for Harsco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harsco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.