Harsco (NYSE:HSC) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.24-1.29 for the period, compared to the Thomson Reuters consensus estimate of $1.24. Harsco also updated its Q4 guidance to $0.26-0.31 EPS.
Harsco stock traded up $3.16 during midday trading on Wednesday, reaching $27.47. The stock had a trading volume of 1,049,100 shares, compared to its average volume of 477,528. Harsco has a 12 month low of $15.55 and a 12 month high of $30.05. The stock has a market capitalization of $1.89 billion, a P/E ratio of 37.12 and a beta of 2.79. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.19 and a current ratio of 1.53.
Harsco (NYSE:HSC) last announced its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. Harsco had a return on equity of 34.29% and a net margin of 2.27%. The business had revenue of $432.00 million for the quarter, compared to analysts’ expectations of $426.30 million. During the same period in the previous year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Harsco will post 1.23 EPS for the current fiscal year.
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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