Brokerages Expect Harsco Co. (NYSE:HSC) Will Announce Earnings of -$0.02 Per Share

Analysts forecast that Harsco Co. (NYSE:HSC) will report ($0.02) earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Harsco’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.04). Harsco reported earnings per share of $0.36 during the same quarter last year, which suggests a negative year-over-year growth rate of 105.6%. The firm is scheduled to report its next quarterly 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 financial year, analysts forecast that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.92. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Harsco.

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in Harsco by 3.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 27,606 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 845 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Harsco by 22.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,441 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 1,008 shares during the period. American International Group Inc. raised its stake in Harsco by 3.1% in the 2nd quarter. American International Group Inc. now owns 55,374 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 1,666 shares during the period. PNC Financial Services Group Inc. raised its stake in Harsco by 11.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 16,592 shares of the industrial products company’s stock valued at $223,000 after acquiring an additional 1,711 shares during the period. Finally, BBVA USA Bancshares Inc. increased its position in shares of Harsco by 3.7% during the second quarter. BBVA USA Bancshares Inc. now owns 54,482 shares of the industrial products company’s stock valued at $736,000 after buying an additional 1,945 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

NYSE:HSC traded up $0.12 during midday trading on Friday, reaching $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 current ratio of 1.56 and a quick ratio of 1.22. The stock has a market capitalization of $1.10 billion, a P/E ratio of 2.45, a PEG ratio of 3.14 and a beta of 2.54. The firm’s fifty day simple moving average is $14.34 and its 200-day simple moving average is $11.69. Harsco has a 1-year low of $4.19 and a 1-year high of $23.61.

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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Earnings History and Estimates for Harsco (NYSE:HSC)

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