Zacks: Brokerages Anticipate Harsco Co. (NYSE:HSC) to Post -$0.02 Earnings Per Share

Wall Street analysts expect Harsco Co. (NYSE:HSC) to post earnings of ($0.02) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Harsco’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at $0.01. Harsco posted earnings of $0.36 per share in the same quarter last year, which suggests a negative year over year growth rate of 105.6%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 3rd.

According to Zacks, analysts expect that Harsco will report full year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.35 to $0.49. For the next financial year, analysts expect that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.92. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Harsco.

Harsco (NYSE:HSC) last issued its quarterly earnings data 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 net margin of 27.81% and a return on equity of 7.51%. The firm had revenue of $447.28 million for the quarter, compared to analyst estimates of $448.25 million. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s revenue was up 27.5% compared to the same quarter last year.

HSC has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Harsco from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Zacks Investment Research lowered shares of Harsco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Barrington Research boosted their price objective 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 issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.00.

Institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new stake in shares of Harsco in the 2nd quarter valued at about $29,000. UBS Group AG raised its stake in shares of Harsco by 217.8% in the 2nd quarter. UBS Group AG now owns 3,900 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 2,673 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Harsco by 22.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,441 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 1,008 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Harsco in the 2nd quarter valued at about $131,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Harsco by 107.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,862 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 5,107 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

HSC stock traded up $0.12 during trading on Friday, reaching $14.03. The stock had a trading volume of 352,527 shares, 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 company has a current ratio of 1.56, a quick ratio of 1.22 and a debt-to-equity ratio of 1.62. The company 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 has a fifty day moving average price of $14.34 and a 200 day moving average price of $11.69.

About Harsco

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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