Harsco (NYSE:HSC) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.24-1.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24. Harsco also updated its Q4 guidance to $0.26-0.31 EPS.
Several research firms recently weighed in on HSC. KeyCorp lifted their price target on Harsco from $27.00 to $28.00 and gave the stock an overweight rating in a report on Friday, August 3rd. Singular Research began coverage on Harsco in a report on Monday, August 27th. They set a buy rating and a $32.00 price target for the company. ValuEngine raised Harsco from a hold rating to a buy rating in a report on Thursday, July 26th. Zacks Investment Research cut Harsco from a strong-buy rating to a hold rating in a report on Wednesday, July 4th. Finally, Lake Street Capital lifted their price target on Harsco from $31.00 to $33.00 and gave the stock a buy rating in a report on Wednesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $29.40.
NYSE:HSC traded down $1.08 during mid-day trading on Thursday, hitting $26.39. 692,392 shares of the stock were exchanged, compared to its average volume of 478,565. The stock has a market cap of $1.97 billion, a P/E ratio of 35.66 and a beta of 2.79. The company has a current ratio of 1.53, a quick ratio of 1.19 and a debt-to-equity ratio of 2.45. Harsco has a fifty-two week low of $15.55 and a fifty-two week high of $30.05.
Harsco (NYSE:HSC) last released its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The business had revenue of $445.48 million during the quarter, compared to analysts’ expectations of $447.17 million. Harsco had a return on equity of 34.29% and a net margin of 2.27%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. As a group, sell-side analysts forecast that Harsco will post 1.23 EPS for the current year.
Harsco Company Profile
Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.
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