Equities analysts expect that Harsco Co. (NYSE:HSC) will post earnings per share (EPS) of ($0.02) for the current quarter, according to Zacks. Three analysts have made estimates for Harsco’s earnings, with estimates ranging from ($0.04) to $0.01. Harsco posted earnings per share of $0.36 in the same quarter last year, which would suggest a negative year-over-year growth rate of 105.6%. The firm is scheduled to issue its next earnings results on Tuesday, November 3rd.
On average, analysts expect that Harsco will report full-year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.35 to $0.49. For the next year, analysts expect that the business will post earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.92. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Harsco.
Harsco (NYSE:HSC) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.17. The business had revenue of $447.28 million during the quarter, compared to analyst estimates of $448.25 million. Harsco had a net margin of 27.81% and a return on equity of 7.51%. The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in Harsco by 7.7% in the 1st quarter. State Street Corp now owns 2,529,895 shares of the industrial products company’s stock valued at $17,633,000 after buying an additional 180,574 shares during the period. Channing Capital Management LLC increased its stake in shares of Harsco by 8.6% during the 2nd quarter. Channing Capital Management LLC now owns 2,173,882 shares of the industrial products company’s stock worth $29,369,000 after purchasing an additional 171,678 shares during the last quarter. FMR LLC increased its stake in shares of Harsco by 74.3% during the 2nd quarter. FMR LLC now owns 2,144,050 shares of the industrial products company’s stock worth $28,966,000 after purchasing an additional 913,626 shares during the last quarter. Aristotle Capital Boston LLC increased its stake in shares of Harsco by 7.8% during the 1st quarter. Aristotle Capital Boston LLC now owns 2,040,328 shares of the industrial products company’s stock worth $14,221,000 after purchasing an additional 148,106 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Harsco by 2,635.5% during the 1st quarter. Wells Fargo & Company MN now owns 1,289,311 shares of the industrial products company’s stock worth $8,986,000 after purchasing an additional 1,242,179 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.
Shares of NYSE:HSC traded up $0.12 during mid-day trading on Friday, hitting $14.03. The stock had a trading volume of 352,527 shares, compared to its average volume of 875,760. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.22 and a current ratio of 1.56. The company has a market cap of $1.10 billion, a PE ratio of 2.45, a P/E/G ratio of 3.14 and a beta of 2.54. Harsco has a 12-month low of $4.19 and a 12-month high of $23.61. The company’s 50 day moving average is $14.34 and its 200-day moving average is $11.69.
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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