Analysts Anticipate Harsco Co. (NYSE:HSC) Will Post Quarterly Sales of $477.06 Million

Equities analysts expect that Harsco Co. (NYSE:HSC) will post $477.06 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Harsco’s earnings. The highest sales estimate is $480.50 million and the lowest is $474.40 million. Harsco reported sales of $423.16 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The firm is expected to issue its next earnings report on Tuesday, November 3rd.

According to Zacks, analysts expect that Harsco will report full year sales of $1.82 billion for the current year, with estimates ranging from $1.80 billion to $1.83 billion. For the next fiscal year, analysts expect that the company will post sales of $2.09 billion, with estimates ranging from $2.05 billion to $2.13 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Harsco.

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

Several research firms have recently issued reports on HSC. Zacks Investment Research cut Harsco from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Barrington Research boosted their target price on Harsco from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Stifel Nicolaus boosted their target price on Harsco from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.00.

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

Harsco stock traded up $0.12 during trading hours on Monday, reaching $14.03. The company 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 current ratio of 1.56 and a quick ratio of 1.22. Harsco has a 12-month low of $4.19 and a 12-month high of $23.61. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 2.45, a P/E/G ratio of 3.14 and a beta of 2.54. The company has a 50-day moving average price of $14.34 and a 200 day moving average price of $11.69.

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.

See Also: Why do analysts give a neutral rating?

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.