Equities Analysts Set Expectations for Harsco Corporation’s FY2017 Earnings (HSC)

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.

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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.

Earnings History and Estimates for Harsco Corporation (NYSE:HSC)

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