$477.06 Million in Sales Expected for Harsco Co. (NYSE:HSC) This Quarter

Wall Street brokerages expect Harsco Co. (NYSE:HSC) to report sales of $477.06 million for the current quarter, Zacks reports. Three analysts have provided estimates for Harsco’s earnings. The lowest sales estimate is $474.40 million and the highest is $480.50 million. Harsco posted sales of $423.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 12.7%. The business is scheduled to issue its next earnings report on Tuesday, November 3rd.

On average, analysts expect that Harsco will report full year sales of $1.82 billion for the current fiscal year, with estimates ranging from $1.80 billion to $1.83 billion. For the next financial year, analysts anticipate that the business will report sales of $2.09 billion, with estimates ranging from $2.05 billion to $2.13 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Harsco.

Harsco (NYSE:HSC) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.17. Harsco had a return on equity of 7.51% and a net margin of 27.81%. The company had revenue of $447.28 million for the quarter, compared to analysts’ expectations of $448.25 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue was up 27.5% compared to the same quarter last year.

HSC has been the topic of several recent analyst reports. Zacks Investment Research lowered Harsco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Barrington Research increased their target price on Harsco from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus increased their target price on Harsco from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HSC. Rhumbline Advisers boosted its stake in Harsco by 1.0% in the first quarter. Rhumbline Advisers now owns 255,238 shares of the industrial products company’s stock valued at $1,779,000 after acquiring an additional 2,611 shares in the last quarter. First Trust Advisors LP boosted its stake in Harsco by 197.9% in the first quarter. First Trust Advisors LP now owns 50,188 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 33,340 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Harsco by 94.2% in the first quarter. PNC Financial Services Group Inc. now owns 14,881 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 7,218 shares in the last quarter. State Street Corp boosted its stake in shares of Harsco by 7.7% during the first quarter. State Street Corp now owns 2,529,895 shares of the industrial products company’s stock worth $17,633,000 after buying an additional 180,574 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Harsco by 8.9% during the first quarter. Commonwealth Equity Services LLC now owns 26,761 shares of the industrial products company’s stock worth $186,000 after buying an additional 2,191 shares during the period. Institutional investors own 91.16% of the company’s stock.

Shares of Harsco stock traded up $0.12 during trading hours on Monday, reaching $14.03. 352,527 shares of the company were exchanged, compared to its average volume of 875,760. Harsco has a 1 year low of $4.19 and a 1 year high of $23.61. The stock’s fifty day moving average is $14.34 and its 200 day moving average is $11.69. 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 firm has a market cap of $1.10 billion, a PE ratio of 2.45, a PEG ratio of 3.14 and a beta of 2.54.

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.

Featured Story: What is the accumulation/distribution indicator?

Get a free copy of the Zacks research report on Harsco (HSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Harsco (NYSE:HSC)

Receive News & Ratings for Harsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harsco and related companies with MarketBeat.com's FREE daily email newsletter.